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)
/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_effd4356-5be5-3a52-a25c-c134fc1d92ed.jpg)
![Spot cargo transaction sentiment rises, east and central China markets show divergent trends [SMM Spot Aluminum Midday Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fe3843c27-7435-35a8-8f6b-dc61706a8081_1736857287731.png)
![The global macro environment presents a weak balance with high fluctuations, while inventory continues to exert pressure, limiting the upside room for aluminum prices [SMM Aluminum Price Weekly Review].](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F2fed5e33-156a-336d-b08a-54e14b056c8e_1737350559416.png)
![During the Chinese New Year period, warehouse inventory increases far exceeded expectations, spot copper cathode saw significant discounts [SMM Southern China Spot Copper Cathode Weekly Review]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Ffb47d940-d0c7-35cd-a392-9096a19f79b8_1737635263906.png)
![This week, domestic mainstream copper inventories saw a significant buildup, reaching a historically high level [SMM weekly data].](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F21310800-aa7d-39d7-8722-981abb051dc0_1745238243530.png)
![Downstream primarily engaged in just-in-time procurement, and market activity remained sluggish. [SMM North China Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F175a1cab-fdd8-3b92-bc16-d06aeda53260_1737350370102.png)
![Social Inventory at Historic Highs, Supply Increases Cause Shanghai Spot Copper Discounts to Continue Widening [SMM Shanghai Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fbdb5c59c-a7f0-3132-a71e-09058344f604_1737095770553.png)
![Downstream production resumptions also led to an increase in procurement volume, with overall trading activity continuing to improve [SMM Southern China Spot Copper]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2Fupscaled_c67ebc11-fcf3-3dec-bfaf-e4f81f986591.jpg)
![On the second day after the holiday, SHFE aluminum fluctuated rangebound, with market trading remaining sluggish. [SMM Cast Aluminum Alloy Morning Comment]](https://d86af0gufpxog.cloudfront.net/unsafe/134x200/filters:format(webp)/https%3A%2F%2Fd3dhalnpawfxbg.cloudfront.net%2Fproduction%2Fbidassist%2Fnews%2Fimages%2F34963269-b158-3cae-b88d-334d94db0266_1737626204727.png)
![Supply Increments Suppress Demand Recovery, SHFE Copper Spot Discounts 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%2F5924867c-23d8-3981-807c-d689ef1fa5d4_1737090138076.jpeg)
![Downstream production resumptions increase demand slightly, overall trading improved slightly compared to yesterday [SMM South China Spot Copper]](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)
![[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)