Metals

Existing investors who have become overweight after the bull run of the past year should book partial profits and rebalance

GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply

India is ramping up domestic production of rare earth permanent magnets, crucial for electronics, space, aerospace, defence and electric vehicles, with the first-ever Samarium Cobalt plant becoming operational in 2023, Union Minister Jitendra Singh said on Wednesday. While admitting that over 80 per cent of these magnets are still imported due to limited domestic capacity, Singh, who is MoS Prime Minister's Office, highlighted significant strides made in the last 10-11 years through high prioritisation by the government. "Our present requirement of rare earth permanent magnet is 4,000 tonnes but by the time we reach 2030 and are able to produce 5,000 tonnes indigenously, our requirement would have gone up to 8,000 tonnes," Singh said. He outlined ambitious targets -- 500 tonnes per annum in the first phase, scaling to 2,000 tonnes by 2028 and 5,000 tonnes by 2030. "Prime Minister Modi himself launched it (the Samarium Cobalt plant)... We have initiated processes and we are in the .

Sachin Gupta, research analyst at Choice Broking recommends accumulating Hindustan Zinc, Coal India and EID Parry on dips for a potential upside bounce as per technical charts.

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

Sebi has overhauled valuation norms for mutual funds, requiring gold and silver holdings to be priced using domestic spot rates from recognised exchanges instead of LBMA-linked benchmarks

Aluminium prices have dropped 6 per cent to $3,056 a tonne from their recent peak of $3,252 on the London Metal Exchange

Speaking at a conference organised by Ficci and Ministry of Mines here, Reddy highlighted the government's push under the Aatmanirbhar Bharat initiative to reduce import dependence

MOFSL remains constructive on Tata Steel on the back of a strong domestic demand outlook, safeguard duty-led price support, ongoing capacity expansions and a gradual turnaround in the EU biz.

While overseas experience has proven invaluable in other economies, it appeared to play a diminished role in India's contemporary tech ecosystem

Vedanta's market cap hit ₹2.97 trillion in intra-day trade on Thursday; the stock has skyrocketed by 72 per cent in the last six months.

Analysts remain positive on Vedanta given the robust non-ferrous prices, strategic expansion at aluminium and zinc India, controlled leverage on B/S, return ratios >20%, dividend yield of 6%.

Vedanta stock has outperformed the market by surging 24% in the last six months. The company's portfolio of resources business provides advantages of scale, diversification and strong balance sheet.

Corporate earnings logged a 3rd straight quarter of double-digit growth, underpinned by strong performances from OMCs, Metals, Telecom, Technology, Cement, NBFCs - Lending, and Capital Goods.

Hindalco stock rose 2% on Friday. Looking ahead, the management expects the company's integrated business model, strategic investments and cost discipline to help deliver sustained growth.

The government is preparing fiscal incentives to encourage domestic production of rare earth magnets in the face of recent disruptions caused in their supply, currently dominated by China, Union Minister H D Kumaraswamy said on Friday. The minister for Heavy Industries and Steel also said a scheme is in the works to provide "targeted support" to the industry for its capital as well as operational expenditure, which would help bridge cost gaps, offer relief from high tariffs on key equipment and ensure continuity of supply in the face of rising global restrictions. "The ministry is actively addressing vulnerabilities in critical raw materials. Recognising that rare earth magnets are central to EV motors and currently dominated by Chinese supply, we are preparing fiscal incentives to encourage domestic production. "We are working on a scheme aimed at powering India's participation in global value chains through targeted support for both capital expenditure and operational expenditure

Growing trade tensions at global level pose a major threat for the domestic ferro alloys sector, which has raised production capacity over the years, apex industry body IFAPA said urging the government for its intervention. Ferro alloys like silico manganese and ferro chrome, etc, are used by steel makers as deoxidisers and alloying agents, to improve properties like hardness, strength, corrosion resistance, and wear resistance of the commodity. "The domestic ferro alloys industry has raised its productive capacity as well as export potential significantly over the years. However, weakening steel production globally, trade barriers and safeguards and upcoming carbon border taxes pose a major threat to exports, especially for India," Manish Sarda, Chairman, Indian Ferro Alloy Producers' Association (IFAPA) told PTI. India is the world's top exporter of manganese alloys and the third-largest supplier of ferro chrome, he said, adding that this threat or challenge, call it what you will

The exploration project will last for three years and most of the analysis will be done in laboratories in India

Since April 2025, China's rare earth export curbs have caused global magnet shortages. At least five major Indian firms have informally shown interest in producing rare earth materials locally

Among the sectors, manufacturing - which carries the largest weight in the index - grew 3.4 per cent, up from 3.0 per cent in March