European cement stocks fall, reports say EU plans to relax carbon rules.
European cement companies' stock prices fell, prior reports indicated that the European Commission was considering relaxing carbon emission quota supply rules and allowing for more national aid as part of an emergency measure to curb soaring electricity prices. Holcim Group's stock price dropped by 2.8% at one point, HeidelbergCement's stock price fell by 3.7% at one point, and Buzzi's stock price fell by 3.1% at one point.
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