Indian metal index hits all-time high as global prices rise

Steel Authority of India

23/01/2026 05:32

** Indian metal index .NIFTYMET rises 1.6%, hitting a record high

** The index is up for the third straight session, driven by a strong uptick in metal prices on mine disruptions and firm demand prospects MET/L

** Benchmark three-month copper CMCU3 on London Metal Exchange rose 1.4% to 12,933.50 per ton as of 0515 GMT. The metal climbed to an all-time high of $13,407 last week

** NALCO NALU.NS rises 4.4%; Hindalco HALC.NS gains 1.7%; Hindustan Copper HCPR.NS climbs 3.5%;

** Hindustan Zinc HZNC.NS - one of the biggest miners of silver in India - up 5.7%

** Spot silver XAG= surged 2.6% to $98.71 an ounce, after hitting an all-time high of $99.20; the white metal climbed 147% in 2025 GOL/

** .NIFTYMET rose 29.1% in 2025; has risen 5% so far in January

(Reporting by Brijesh Patel in Bengaluru)

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