The non-ferrous metals market in India is valued at over Rs 2 lakh crore, encompassing aluminium, copper, zinc, lead, tin, and precious metals. Prices are closely linked to London Metal Exchange (LME) rates and USD/INR exchange rates.
Major domestic producers include Hindalco (aluminium), Hindustan Copper, Hindustan Zinc, and Vedanta. India has significant import dependence for copper and aluminium scrap, while being self-sufficient in primary zinc production.

/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fbanners%2FGet-the-Best-Deals-On-Aluminium.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Fdownload-buyer-app-1.png)
![Middle East situation releases de-escalation signals, China-US economic and trade communication advances, copper prices continue to rise [SMM Copper Morning Comment]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_4fd28ef1-7e22-3514-b674-de9437501431.jpg)
![Short covering after rate hike, low inventory supports copper prices to dip then rebound [SMM Macro Weekly Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F33f5c7d4-01e6-3cfc-9ee6-c76c9405502e_1745993965620.png)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_891feffc-5bd0-3df0-ab85-b8d77de9bf5d.jpg)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_040258a5-e791-3095-b9e0-9f2dffb66f18.jpg)
![Available supply declines; Shanghai spot copper premiums dip before rebounding during the day [SMM SHFE copper spot]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fee5374fe-d5e2-3b4a-b6d8-b2aaebb4e6ea_1739856433721.png)
![Copper Prices Pull Back, Demand Warms Up; High Premiums Return After Delivery Contract Rollover [SMM Shandong Copper Cathode Spot Weekly Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F9824b0ac-3b2f-34e0-aced-22acf847b443_1737003299548.png)
![China copper social inventory edges up MoM, regional inventory trends diverge [SMM weekly data]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_7357f03b-ccc0-3973-83c4-b6d2ca855bf8.jpg)
![Tight availability of market cargoes drove spot premiums higher [SMM South China spot copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F8d2a63a4-aa83-37bd-9044-7c592dcb217c_1738932784750.png)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_4181ea85-817f-35ea-8eff-8547892747ab.jpg)
![SHFE/LME price ratio pulls back, registered copper supply tight with firm premiums [SMM Yangshan spot copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F9bc473e3-b9bf-3f7e-af9e-3043b2301cec_1744998576480.jpg)
![Domestic tax-inclusive supply scarce, secondary copper rod enterprise production limited [SMM Secondary Copper Daily Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F46a3aed7-cf38-3009-a8af-856bb8ff5f6d_1737019654486.png)
![Price spread between futures contracts widens, spot premiums surge after delivery, expected to remain high next week [SMM South China copper cathode spot weekly review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Ffccf9935-12e8-3f07-b722-372848a0868f_1744988804799.jpg)
![[Contract rollover and tight supply drive Shanghai spot copper premiums to a new YTD high after initial dip]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fd5c98121-4037-31ff-9cba-d2363c5291a9_1739966569961.png)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_b45d6c30-898a-3156-909b-ab6d4542749e.jpg)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F6e2a1744-5b4b-3c9b-8d67-4c188fb2c182_1738766874037.jpg)
![[SMM Analysis] Tibet Zabuye Lithium's 10,000 mt Battery-Grade Lithium Carbonate Production Line Officially Launched](https://d86af0gufpxog.cloudfront.net/unsafe/65x65/filters:format(webp)/https%3A%2F%2Fejatlas.org%2Fmedia%2Fconflict%2Fgyama-mine-landslide-in-tibet%2FGyama_rescue.jpg)
/https%3A%2F%2Fwww.imeche.org%2Fimages%2Fdefault-source%2Fpe-news%2Fistock-169940996.jpg%3Fsfvrsn%3D0)
/https%3A%2F%2Fassets.bwbx.io%2Fimages%2Fusers%2FiqjWHBFdfxIU%2FigbeVoWQDGVo%2Fv1%2F-1x-1.jpg)
/https%3A%2F%2Fm.foolcdn.com%2Fmedia%2Fdubs%2Foriginal_images%2Fnickel-ingots.jpg)
/https%3A%2F%2Fwww.livemint.com%2Flm-img%2Fimg%2F2024%2F03%2F14%2F1600x900%2Findia_1657132117069_1710377036957.jpg)
/https%3A%2F%2Fm.economictimes.com%2Fthumb%2Fmsid-95319122%2Cwidth-1200%2Cheight-900%2Cresizemode-4%2Cimgsize-305048%2Fcopper-miners-have-an-opportunity-to-emerge-as-leaders-in-a-critical-transition.jpg)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Frupee_emoji.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Frocket_emoji.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Fearth_emoji.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Ffactory_emoji.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fbuyerfe%2Fhome_banner_01.png)