Weekly Industrial Metal Report

Overall Market Overview

The base metal market remained flat this week as market sentiment was influenced by U.S.-led efforts to end the Russia-Ukraine war. Concerns over U.S. tariffs on copper imports eased after President Donald Trump indicated a delay in implementation compared to aluminum and steel tariffs.

Key Metal Trends

Copper

• LME: Slight increase

• MCX: Minor decline

• Domestic Market (Delhi):

• Copper Super D, Bhatti, and Plant prices fell by ₹2-3/kg

• Spot market under pressure, but expected to stabilize next week

Aluminum

• LME & MCX: Increased

• Domestic Market:

• Aluminum Ingot, Utensils, and Parts saw price hikes

• Likely to remain stable next week

Lead

• LME: Gained

• MCX: Slight decline

• Domestic Market (Delhi):

• Lead Soft remains stable, while Lead Hard is rising

• Price difference of ₹6/kg, expected to widen further

• Lead Hard supported by rising antimony prices

• Further price increase expected in the spot market

Zinc

• LME & MCX: Gained

• Domestic Market:

• Zinc Hindustan prices increased, Dross prices remained stable

• Likely to continue rising next week

Nickel

• LME & Domestic Market: Increased

• Expected to remain in an upward trend next week

Conclusion

The base metal market showed mixed trends this week. Aluminum, Zinc, and Nickel witnessed gains, while Copper and Lead had varied movements. The market is expected to remain stable or bullish in the coming week.