Alkyl Amines shares plunge 4% as ammonia shortage from Iran war forces production halt at 3 sites

Alkyl Amines Chemicals' shares dropped 4% after the company announced a temporary halt in production of certain products due to a shortage of ammonia, a key raw material. This disruption is attributed to the ongoing geopolitical conflict in the Middle East impacting global supply chains and LNG availability, leading ammonia manufacturers to declare force majeure.