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%2Fcategory%2Fmildsteel.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fnonferrous.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fpolymers_packaging.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fchemicals.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fenergy_petroleum.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fstainlesssteel.png)
/https%3A%2F%2Fofbpublic.s3.ap-southeast-1.amazonaws.com%2Fbapp%2Fcategory%2Fpipes.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_1.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_2.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_3.png)
/https%3A%2F%2Fd5nfy7n2jvqm2.cloudfront.net%2Fnew-buyer-imgs%2Flogin_slide_04.png)
/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)
![Cooling expectations for an interest rate cut, combined with rising geopolitical safe-haven demand, left copper prices under pressure and fluctuating, while destocking support emerged [SMM Macro Weekly Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fa1d77373-0e89-35c9-a5b8-6b246ed7738e_1739242225308.png)
![Zinc Prices Fell During the Week, While Guangdong Spot Premiums Rose [SMM Guangdong Spot Weekly Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_27beda63-88bc-3378-bcf9-d3aa225b0b1b.jpg)
![US Fed Kept Interest Rates Unchanged, LME Zinc Came Under Pressure [SMM Morning Meeting Summary]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_766a13bd-bae3-3989-b091-cc933611a3d6.jpg)
![Kazakhstan's Copper Cathode Production Declined in January-February, Overnight LME Copper and SHFE Copper Closed Sharply Lower [SMM Copper Morning Meeting Summary]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F69222b07-afd6-3601-83bc-6134f08ec367_1739791997696.png)
![This Week, Copper Inventories in China's Major Regions Continued Destocking [SMM Weekly Data]](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)
![The Most-Traded BC Copper Contract Closed Down 1.62%, as Geopolitical Tensions Kept Copper Prices Under Pressure [SMM BC Copper Commentary]](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)
![The SHFE/LME Price Ratio Remained Flat Intraday, and Trading Stayed Active [SMM Yangshan Copper Premiums]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Ff570a6e1-297e-3ce1-aecb-c144a6cec001_1737097414016.png)
![Copper Prices and Inventories Both Declined, Suppliers Actively Held Prices Firm and Made Shipments [SMM South China Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F81eaac17-94f0-3a9f-b07a-ade40d949016_1741672471935.png)
![The Inter-Month Price Spread First Showed a Backwardation Structure, and Shanghai Spot Copper Discounts Continued to Remain Under Pressure [SMM Shanghai Spot Copper]](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)
![Market Trading Sentiment Improved After Contract Rollover, Focus on Tomorrow's Inventory Changes [SMM South China Spot Copper]](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)
![Significant Inventory Pressure Continued to Cap Zinc Prices on the Upside [SMM Zinc Brief Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F2bd19c3b-d4b9-36a5-812d-1d77b6e6847a_1745662663901.jpg)
![Sellers Held Prices Firm While Buyers Waited on the Sidelines; After the Contract Rollover, Spot Trades in the Shanghai Spot Copper Market Were Lackluster [SMM Shanghai Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F5924867c-23d8-3981-807c-d689ef1fa5d4_1737090138076.jpeg)
![The Price Spread Between Registered Copper and EQ Continued to Narrow, and Buyers Actively Sought Cargo [SMM Yangshan Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_3bdcde1e-cfbc-3dd5-9dd7-dc85c8dea430.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)