Metal Stocks Keep Rising on Global Demand: 5‑Day Rally Helps Indian Investors

For the fifth day in a row, Indian metal shares are climbing, pushing the Nifty Metal index up nearly 1% and keeping a steady upward trend.

Metal Index Extends Gains

At mid‑morning on Tuesday the Nifty Metal index was at 10,748.95, a 0.75% rise from the previous session and more than 6% higher than ten sessions ago.

Top Gainers

• NMDC – up over 4% to ₹81.79
• Hindustan Copper – up more than 2%
• Steel Authority of India (SAIL) – up more than 2%
• Welspun Corp – up about 2%
• Lloyds Metals & Energy – up about 2%
• Jindal Steel & Hindustan Zinc – each up over 1%
• NALCO and Tata Steel – each up around 1%
• Vedanta, Hindalco, APL Apollo Tubes, Jindal Stainless, JSW Steel, Adani Enterprises – modest gains

Why the Rally is Happening

Analysts say the rally isn’t driven by a single news item but by a combination of global factors that are improving sentiment toward metals.

Key Drivers

• U.S. rate‑cut expectations: A softer U.S. labor market gives the Federal Reserve room to lower interest rates in 2026, which supports commodity prices.
• China’s infrastructure push: New government spending on power grids, renewable energy and urban projects is boosting demand for steel, copper, aluminium and zinc.
• Tight supply: Inventories of many base metals are low, and mining output is constrained by higher energy costs and stricter environmental rules.
• Weaker U.S. dollar: A softer dollar makes dollar‑priced metals cheaper for investors, adding further buying pressure.
• Demand from emerging themes: Electric vehicles, renewable‑energy projects and AI‑related technologies need a steady flow of copper, aluminium and silver.

What Investors Should Watch

While the momentum looks strong, analysts warn that volatility can return if U.S. data surprises or China’s export outlook changes. Investors are advised to focus on companies with strong balance sheets and low production costs rather than chasing every short‑term spike.

Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.