Non Ferrous News Today

Aluminium and copper prices rebounded as a weaker US dollar, easing interest rate concerns, and tightening inventories improved market sentiment. While recent corrections have weighed on prices, supply deficits, resilient industrial demand, and continued Chinese restocking are expected to support both aluminium and copper prices in India during the second half of 2026.

India's aluminium market has entered a corrective phase after June witnessed the sharpest monthly decline in LME aluminium prices since 2008. Improved Middle East supply, rising Chinese exports, and weaker global sentiment weighed on prices. While near-term pressure persists, healthy demand from infrastructure, EVs, and renewable energy continues to support the long-term outlook.

Copper prices today recovered slightly but remain under pressure from a stronger US dollar, hawkish Federal Reserve signals, and weak Chinese demand. While tight mine supply continues to support the long-term outlook, near-term sentiment remains cautious. Copper prices in India may remain volatile as traders monitor macroeconomic developments.

Zinc prices today witnessed a sharp correction across global and domestic markets as profit booking and weaker investor sentiment weighed on prices. LME and MCX zinc futures declined significantly, while traders remained cautious amid demand uncertainty and inventory monitoring. The near-term zinc market outlook remains range-bound with key support levels under focus.

Aluminium prices today remain supported by prolonged West Asia production disruptions and tight near-term supply conditions. However, rising output from China and Indonesia is expected to gradually rebalance the market. While volatility may persist, the long-term outlook is becoming more balanced as new capacity enters the global aluminium supply chain.

Copper prices in India witnessed increased volatility as futures slipped below key support levels amid concerns over global growth, Middle East tensions, and potential interest rate hikes. However, easing geopolitical risks, declining LME inventories, and China's planned AI and data center investments continue to support the metal's long-term demand outlook.

Aluminium prices in India witnessed mixed trends as lower global prices and weak seasonal demand weighed on sentiment. However, falling inventories, tightening scrap availability, and supply-side constraints continued to provide support. Market participants remain cautious, with geopolitical developments and downstream demand expected to influence price direction in June.

Zinc prices today in India witnessed a firm upward trend as stronger global metals sentiment and tight inventory conditions supported the market. LME zinc gained over 1%, while MCX zinc prices rose nearly 0.6%. Improving industrial demand expectations and constrained stocks continue to provide bullish momentum to zinc markets.

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.

Indian copper prices softened this week as weak Chinese industrial data, a stronger U.S. dollar, and falling LME sentiment pressured buying activity, while domestic demand from EV, power, cable, and infrastructure sectors remained stable, keeping procurement movement active despite cautious market sentiment and growing debate around BIS standards for scrap-based copper wire rods.