ION is trading at $38.84, down -3.47%, as weakness across industrial metals and mining shares creates a direct headwind for its global battery-metals miner holdings.
- Copper and gold fell as risk aversion and inflation concerns weighed on metals. Brent crude climbed 3.2% to $112.27 after reports of tanker damage in the Strait of Hormuz.
- Broader selling, including technology shares amid AI-spending concerns, added to the cautious market backdrop.