Nalco, Hindalco, Vedanta shares may be impacted by the US-Iran war; Here’s why

Shares of Nalco, Hindalco and Vedanta are expected to be in focus on Wednesday, March 4, after Qatar-based aluminium producer Qatalum said it has halted production.Qatalum, a joint venture between Qatar Energy and Norsk Hydro, has the capacity to produce around 0.65 million tonnes of aluminium annually.

The disruption has raised concerns about potential supply tightness in the global aluminium market.
The halt has also triggered questions over broader risks to aluminium output from the Gulf Cooperation Council region. GCC nations together produced roughly 6.5 million tonnes of aluminium in 2025, accounting for about 8% of global primary aluminium production.Any sustained firmness in aluminium prices may have implications for Indian producers such as Nalco, Hindalco and Vedanta, which are closely tied to global commodity trends.

This comes amid US and Israeli air attacks on Iran that began on Saturday and were initially projected to last four to five weeks, though they could extend further.

The military campaign has reportedly killed Supreme Leader Ayatollah Ali Khamenei, sunk at least 10 Iranian warships and struck more than 1,000 targets.

Iran has responded by firing missiles and drones at neighbouring Arab states and disrupting shipping through the Strait of Hormuz, a critical artery for global energy trade.