Metals

Hindustan Zinc reported an increase in overall metal production during the third quarter, underscoring steady operational performance across its mining and smelting operations. Zinc and lead output showed measurable improvement, reflecting better ore availability and higher plant utilization. However, silver production declined during the same period, weighed down by lower grades and mine-specific constraints. The mixed performance highlights the company’s ability to sustain base metal growth while navigating natural variability in precious metal output.

India’s automotive and metal export sectors are facing renewed pressure after Mexico imposed higher tariffs on key imported goods, a move rooted in the country’s evolving trade strategy and efforts to protect its domestic manufacturing base. The revised tariff structure affects several categories where India has traditionally maintained strong export momentum, including automobiles, auto components, steel, and aluminum products. As exporters analyze the financial implications, the sector is bracing for potential cost escalations, reduced margins, and a possible shift in trade flows.

Vedanta Resources Ltd has announced the launch of CopperTech Metals Inc, a U.S.-based company aimed at strengthening its presence in the global copper market and supporting the clean-energy transition. With an initial investment of USD 1.5 billion, the venture seeks to expand operations at the Konkola Copper Mines (KCM) in Zambia and enhance access to Western capital.

Aluminium futures have recorded a sharp uptick, driven by renewed speculative activity, robust industrial demand, and tightening supply conditions. Rising orders from the automotive, aerospace, and construction sectors, coupled with geopolitical supply constraints and rising energy costs, have fueled bullish sentiment in domestic and global markets. Analysts note that traders are increasingly positioning for sustained price gains, while inventory levels at major warehouses remain constrained.

Aluminium futures recorded a notable uptick in domestic commodity markets as traders initiated fresh positions, reflecting improved demand prospects and supportive fundamentals. The rise comes amid steady consumption from sectors such as construction, power, and packaging, coupled with expectations of supply tightening in the near term. Market participants suggest that the rebound is also linked to cautious optimism over global industrial activity, which has kept sentiment buoyant.

Shanti Gold, a prominent name in the Indian jewelry sector, is set to launch its initial public offering (IPO) on July 25, aiming to raise Rs. 360 crore from the primary market. The offering comes at a time when investor interest in consumer and retail-oriented businesses remains robust. Proceeds from the issue are expected to support the company’s expansion strategy, including scaling operations, enhancing retail presence, and fortifying working capital.