Non Ferrous News Today

Copper prices in India are trading near ₹1,180–1,190/kg after breaking below ₹1,200 support. Rising global inventories and a shift into contango signal near-term supply comfort. While short-term momentum remains bearish, long-term demand from EVs, renewables, and infrastructure continues to provide structural support.

Zinc prices remained firm across LME, SHFE, and MCX, supported by tight exchange inventories and steady industrial demand. Positive macro sentiment and galvanizing activity underpin prices, while market participants track Chinese restocking and treatment charges. A technical breakout above resistance may extend near-term bullish momentum.

Copper prices corrected sharply after record highs, easing near-term overheating. Despite volatility, tight global supply, limited mine growth, and resilient industrial demand continue to underpin prices into 2026. Near-term consolidation is expected, but structural deficits and electrification-led demand provide a strong long-term price floor.

Zinc prices remained firm across LME, SHFE, and MCX, trading near multi-year highs amid tight exchange inventories and controlled smelter output. Strong global cues and steady industrial demand continue to support prices, while market participants closely track inventory trends and macroeconomic signals for direction.

Zinc prices showed mild correction across global exchanges amid profit booking, even as inventories remain tight. Chinese mine shutdowns and falling SHFE stocks support supply-tightness sentiment. Mixed macro cues, rising LME stocks, and uneven refined output keep upside capped. Market bias remains cautiously bullish, with strong support at ₹298–300/kg.

Zinc markets remain supported by tight global inventories despite mixed price movement across LME, MCX, and SHFE. China’s record output and profitable arbitrage have opened a strong export window, expected to reach 50,000 tons by year-end. Spot premiums, firm Indian prices, and cautious buying shape near-term sentiment.

Zinc prices remained firm across major exchanges as low inventories and steady downstream demand supported the market. Seasonal restocking in China and persistent warehouse withdrawals at the LME reinforced bullish sentiment. While supply remains tight, analysts expect short-term consolidation with a slight upward bias if disruptions persist.

Zinc prices held firm across major exchanges on October 29, 2025, supported by tight LME inventories (~37 kt) and steady downstream demand in China. SHFE zinc maintained strength within the ¥22,200–22,600/mt range, while MCX futures traded near ₹308.25/kg. Analysts expect consolidation with an upward bias amid limited fresh supply.

Zinc prices remained steady across global exchanges, supported by tight inventories and stable refined output. LME futures hovered near USD 2,950/MT, while MCX traded close to ₹291.45/kg. Despite dollar strength and subdued volatility, low LME stocks continued to provide price support amid mixed global market sentiment.

Aluminium prices gained slightly on the LME and in India as Hindalco and Balco raised ingot rates by ₹3,500/MT. Domestic premiums remained firm due to healthy local demand, while the LME Asian Reference price declined 1.8%, reflecting regional weakness. BALCO’s new 525 kA smelter signals future capacity expansion.