Non Ferrous News Today

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.

The Indian aluminium market remained largely stable this week as firm global LME prices balanced weak downstream demand and rising inventories in China. Domestic demand stayed steady across industrial and infrastructure sectors, while India continued strengthening its export position globally. Market sentiment remained cautious amid easing geopolitical risks and fluctuating international futures.

Copper prices in India and global markets extended gains amid tightening global supply, mine disruptions, and strong demand from AI infrastructure, EVs, and renewable energy sectors. MCX copper futures traded near ₹1,400/kg, while LME copper crossed $14,000/ton. Supply shortages and bullish technical indicators continued supporting positive market sentiment.

Aluminium prices in India remained firm this week as Middle East supply disruptions, tight scrap availability, and strong automotive demand supported global and domestic markets. While LME aluminium stayed elevated above $3,500/t, Chinese markets faced pressure from rising inventories. Indian demand from EVs, infrastructure, and engineering sectors continues supporting aluminium consumption.

Zinc prices in India remained firm this week as strong global metal sentiment, stable downstream demand, and tight near-term supply supported the market. MCX Zinc Futures continue to trade in an uptrend, while buyers from galvanizing and infrastructure sectors remain active. Market participants are closely tracking resistance near ₹355/kg.

Copper prices in India remain firm, supported by strong demand and global cues, despite rising domestic production. New capacity additions are boosting supply, but heavy reliance on imported raw materials continues to create volatility. With strong demand from infrastructure and EV sectors, the market outlook stays positive but cautiously dependent on global supply conditions.

Copper prices in India are holding firm around ₹1,270/kg, supported by tightening global inventories and strong demand. Despite record production in China, supply-side constraints and sulfuric acid dynamics are keeping the market bullish. Short-term corrections persist, but the overall outlook remains positive with prices likely trending higher in the near term.

Aluminium prices in India remained firm around ₹365/kg amid ongoing geopolitical tensions impacting supply. While global supply remains tight, demand recovery is uneven, especially in China. Base metals showed mixed trends, with copper declining and zinc rising. The market is expected to remain range-bound with cautious sentiment in the near term.

Zinc price today in India and global markets showed strong recovery driven by short covering and improved sentiment. MCX zinc price in kg gained over 1%, while LME zinc also moved higher. Stable supply and optimistic market outlook indicate continued firmness in zinc prices with potential upside in near term.