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Smart Sand Stocks Plunge: Sandvik's Profit Drop Shocks Market

Wednesday, Jul 16, 2025 5:10 pm ETmin read

Aime Summary

- Sandvik reported a sharp drop in profits, causing its "smart sand" stock prices to plummet and shocking markets.

- Rising production costs and weaker demand for industrial materials drove the financial decline.

- Analysts warn the slump signals broader challenges in resource sectors, risking investor confidence and future profitability.

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