Metals

India scaling up rare earth magnet output to cut imports: Jitendra Singh

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 .

Tech analyst backs these 3 stocks even as mining, sugar face cost pressure

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.

Steel stocks in focus: SAIL, Tata Steel, JSW, Jindal Steel rally up to 4%

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 shifts gold, silver valuation norms for MFs to domestic spot prices

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 long-term fundamentals constructive: Kotak Institutional Equities

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

India to begin permanent magnets production this year: G Kishan Reddy

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

Tata Steel hits new high, up 12% in 1 month; what's driving metal stock?

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.

Easy money in China drives metals rally as real economy struggles

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

Vedanta stock zooms 28% in 1 month; market cap nears ₹3 trillion

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.

Vedanta shares trades higher for 5th straight day, rallies 8%; upside left?

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 rallies 10% in 8 days, hits new high; what's driving metal stock?

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.

Midcaps shine in Q2 as cycle bottoms, says Motilal Oswal; OMCs, Metals lead

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 soars 43% from Apr low, hits new high. What's driving metal stock?

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.

Centre to incentivise domestic production of rare earths: Kumaraswamy

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

Global trade tensions a threat for domestic ferro alloys sector: IFAPA

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

India sends geologists to Zambia to explore copper, cobalt deposits

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

Govt plans ₹5,000 cr boost for rare earths amid China export curbs

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

April 2025 IIP dips to 8-month low at 2.7%, manufacturing grows 3.4%

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

Global consulting firms keen to back Vedanta's $20 bn expansion projects

Several global consulting firms have shown interest in implementing Vedanta Ltd's USD 20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks time....imagine a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a

Industry confident of finding rare-earth supply alternatives: Vaishnaw

The restrictions on these metals were placed by China as part of its response to the reciprocal tariffs that were imposed on it by the United States