Indian metal stocks gain on copper rally, Peru supply worries

Hindustan Copper

12/05/2026 06:43

** Indian metal stocks .NIFTYMET climb 1%

** Top sectoral gainer on benchmark Nifty 50 .NSEI, which is down 1%

** Gains mirror those in Shanghai copper, which logged its biggest daily gain in months as supply concerns and expectations of higher demand from China

** Peru's move to let Petroperu PETROBC1.LM secure $2 billion in state-backed loans to sustain operations has raised trader concerns that energy shortages could disrupt copper supply MET/L

** Hindustan Zinc HZNC.NS leads gains on sub-index with 3.5% climb, followed by Vedanta's VDAN.NS 3.1% rise

** Hindustan Copper HCPR.NS gains 2%

** YTD, sub-index climbs 16.8% vs Nifty's 9.7% drop

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))