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Metal stocks led by Tata Steel fall up to 8% as war premium fades; Aluminium outperformsThe US dollar firmed on safe-haven demand, adding pressure across the metals complex. At the same time, high crude prices raised concerns about rising inflation.By CNBCTV18.com March 4, 2026, 1:42:01 PM IST (Published)1 Min ReadMetal prices declined this week, as the earlier war premium appears to have already been factored into the market.

The US dollar firmed on safe-haven demand, adding pressure across the metals complex. At the same time, high crude prices raised concerns about rising inflation.

If inflation remains elevated, the Federal Reserve may delay rate cuts, which could further weigh on sentiment.

Meanwhile, demand from China remains a key focus for the market.

For the week:

Copper fell 2.5%

Nickel declined 4%

Zinc dropped 3.5%

However, aluminium moved in the opposite direction, rising 5.5% this week.

Around 9% of total global aluminium supply comes from West Asia. QatarEnergy has halted production of aluminium and certain chemicals, tightening supply expectations.

At the same time, inventories at the London Metal Exchange continue to decline.

Aluminium is an energy-intensive metal, and supply-side dynamics appear to be supporting prices despite broader weakness in the sector.Continue ReadingTagsshare market todayTata Steel