Market News Today

Japan's copper scrap market is a competitive seller's ecosystem. Ex-China buyers need long-term partnerships. Japan leads in quality ($8,112/mt average export price). Domestic smelter consumption rises, while exports and processing usage (down 8% by 2025) decline, tightening global supply.

Indian zinc markets witnessed cautious trade this week as zinc prices corrected amid weak global sentiment and concerns over slowing economic growth following expanding US military operations. Domestic zinc ingot prices in India remained elevated despite MCX weakness, while import demand for zinc ash and zinc bottom dross continued from western India, indicating steady secondary metal consumption demand.

Chennai Airport plans a second terminal and additional cargo zone to meet rising demand and freight pressure. The expansion aims to boost metropolitan connectivity, integrating with urban planning, flood resilience, and sustainable transport systems.

A prolonged power failure at a Chennai housing complex affected hundreds of families, triggering protests and road blockades. The incident exposed concerns over ageing urban utility infrastructure and maintenance gaps in high-density settlements.

Maharashtra faces pre-monsoon rains with storms, lightning, and winds up to 50 kmph, testing city preparedness in Mumbai, Pune, Thane. Concerns rise over urban resilience, drainage, and infrastructure amid climate variability.

Central Railway upgraded Mumbai's bio-toilet testing facility for 22,000 bio-toilets across 5,500 coaches. This enhances sanitation, reduces pollution, and improves passenger hygiene on trains.

Mumbai's Western Railway boosts monsoon defenses with expanded flood mitigation, 126 dewatering pumps, and real-time monitoring. Efforts aim to minimize rain disruptions and enhance safety across the busy suburban network.

Navi Mumbai faces a 10% water cut from May 28 across residential and industrial areas due to rapidly declining reservoir levels and uncertain monsoon forecasts. This highlights urban infrastructure stress and inadequate long-term water resilience planning amid rapid growth.

Mumbai's Worli jetty redevelopment into a multi-use maritime hub will boost coastal mobility, emergency response with water transport, and a helipad. Utilizing existing structures, it aims to ease congestion and enhance resilience, moving to the next phase after clearances.

Mumbai's decentralised waste-to-energy plant in Bandra is set for revival with external funding and updated guidelines. This aims to boost waste management, reduce landfill pressure, and promote sustainable urban infrastructure.