Introduction
India’s metal market began the week on a firm tone, with copper, aluminum, and nickel prices showing upward momentum across major industrial hubs. Traders, scrap dealers, and manufacturers indicate stronger Q4 demand from electrical, automotive, and infrastructure sectors—while global supply issues add upward pressure.
Price Overview
MetalSignals analysis indicates the following spot trends:
| Metal | Price (₹/kg) | Weekly Change | Key Driver |
|---|---|---|---|
| Copper | 1,010 | +1.2% | Global mine disruptions |
| Aluminium | 225 | +2.0% | Strong industrial demand |
| Nickel | 1,550 | +3.1% | Stainless steel + batteries |
| Zinc | 310 | +2.8% | Galvanizing demand |
Copper: The Strongest Momentum
Copper continues to dominate market attention, supported by:
- Lower global production
- Higher demand from EV and renewable sectors
- Import duty uncertainties
- Strong domestic electrical sector consumption
Scrap dealers report firmer bids for 99%-purity turning scrap, especially in Delhi NCR, Baddi, and Pune.
Aluminium: Industrial Buying Improves
Aluminum prices show resilience as:
- MSME manufacturers stock ahead of seasonal demand
- Automotive casting units increase orders
- Import premiums rise due to freight costs
Scrap aluminium tense, sheet, and extrusion categories all saw a ₹3–₹5/kg uplift.
Nickel: Stainless Steel & Battery Sector Push
Nickel remains volatile but upward-trending due to:
- Indonesia supply moderation
- Increasing demand from battery manufacturers
- Domestic SS mills increasing throughput
Scrap 200- and 300-series stainless steel saw strong buying interest.
Impact on Scrap Sellers & Traders
- Expect stronger pricing for high-purity metals
- Normalize stock movement for better margin capture
- Watch FX and freight for import parity changes
