Article

Heidelberg Materials' stock fell to its lowest level since October, dropping 21% from its late January peak due to political signals regarding the European Emission Trading System (ETS). Friedrich Merz's comments at an energy-intensive industries summit in Antwerp raised concerns about the ETS's effectiveness in balancing emission reductions and industry transitions. The company, seen as a leader in decarbonization, faces uncertainties that affect its valuation amidst discussions of potential adjustments to the ETS.