European Cement Stocks Slide on Fears EU Policy Will Hurt Prices

Cement stocks extended recent declines on speculation the European Union will delay tightening its carbon controls, reducing the pricing power of firms that have transitioned toward greener practices.

Switzerland’s Holcim AG and Germany’s Heidelberg Materials AG both fell more than 7% on Thursday. They’re trading down about 13% and 18%, respectively, since reports of a policy change by the European Union emerged earlier this month.