Metals

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

Automobiles to pharma & healthcare: Earnings winter to persist in Q4FY25

Past champions such as banks, oil & gas and automotive seen as laggards

China planning to add cobalt, copper in boost to state metal reserves

Cobalt, copper, nickel and lithium are among the metals the government plans to purchase, according to people familiar with the discussion

IIT Bombay, Australia's Monash University develop sensor for toxic metals

The Indian Institute of Technology (IIT) Bombay on Friday said that its researchers, in collaboration with an Australian university, have developed a sensor to detect toxic metals in water cost-effectively and efficiently. In a bid to address heavy metal pollution, researchers from IIT Bombay and Monash University, Australia, with funding support from the Department of Biotechnology (DBT), have developed a sensor using a copper-based metal-organic framework (MOF) to detect toxic metals in water, the institute said in a statement. Heavy metals in water pose significant environmental and health concerns due to their potential toxicity, persistence, and bio-accumulative (ability to accumulate within living organisms) nature. Ingesting these metals can cause serious health problems, including damage to skin, bones, brain and other organs, especially in children. Efficient detection of these metals in water is crucial to ensure environmental safety and public health. According to the .

Govt imposes import curbs on platinum alloy with less than 99% purity

The government on Wednesday imposed import curbs on platinum alloy with less than 99 per cent purity to curb illicit imports of this precious metal blended with significant amounts of gold. Importers of such platinum alloys are now required to obtain import authorisation from the Directorate General of Foreign Trade (DGFT) for the inbound shipments. The decision follows cases where this alloy blended with significant amounts of gold was imported to exploit the tariff differential between gold and platinum. "Import policy of platinum...is revised from free to restricted except for platinum alloy of 99 per cent or more purity by weight of platinum," the DGFT said in a notification. To ensure a smooth supply of platinum for jewellery manufacturing and industrial use, the government allows the unrestricted import of platinum alloy with 99 per cent or higher purity of platinum. Economic think tank GTRI last year sought urgent review of India-UAE trade, the pact stating that the agreeme

White House, Ukraine nearing rare earth metals deal that would boost ties

The White House and Ukraine have made significant progress toward reaching an agreement that would provide the US with access to Ukraine's rare earth minerals and tighten the long-term relationship between Kyiv and Washington, according to a person familiar with the matter. The progress in talks comes after President Donald Trump and Ukraine President Volodymyr Zelenskyy traded sharp rhetoric this week about their differences over the matter. Zelenskyy said he balked at signing off on a deal that U.S. Treasury Secretary Scott Bessent pushed during a visit to Kyiv last week, and the Ukrainian leader objected again days later during a meeting in Munich with Vice President JD Vance because the American proposal did not include security guarantees. Trump earlier Friday renewed his criticism of Zelenskyy's handling of the three-year war and accused the Ukrainians of wasting Bessent's time. But the two sides made significant progress during a three-day visit to Ukraine this week by retir

Gold's 27% annual gain stands out in mixed year for metals markets

While bullion has ticked lower since Donald Trump's sweeping victory in November's US presidential election, its gains over 2024 still outstrip most other commodities

Hindustan Zinc Q1 results: Net profit rises 19.4% to Rs 2,345 crore

The company clocked in the highest-ever first-quarter mined and refined metal production

Exports of Chinese rare earth metals to jump ahead of new regulations

China will also establish a information system to track circulation of rare earth products

India to discuss silver import spike with UAE amid growing concerns

West Asian nation now India's largest source of silver imports

Nifty Metal index hits record high on May 21; what's fuelling the rally?

The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25