Indian metal index extends record run as global prices climb

Steel Authority of India

06/01/2026 06:25

** Indian metal index .NIFTYMET rises 0.8% to hit a record high; index has hitting all-time highs since December 29

** The index is up for the sixth straight session, driven by strong rise metal prices on stronger demand prospects, mine disruptions and a weaker U.S. dollar MET/L

** The benchmark three-month copper CMCU3 on the London Metal Exchange climbed to an all-time high of $13,253.50 a ton

** NALCO NALU.NS shares rise 5%; Hindalco HALC.NS gains 2.6%; Hindustan Copper HCPR.NS climbs 2.3%;

** Hindustan Zinc HZNC.NS - one of the biggest miners of silver in India - up 2.7%

** Spot silver XAG= gained 3.5% to $79.18 per ounce, after hitting an all-time high of $83.62 on December 29; the white metal climbed 147% in 2025 GOL/

** .NIFTYMET rose 29.1% in 2025 - its strong yearly performance since 2021

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))