- NALCO posts record FY’26 profit and revenue
- HZL raises zinc and lead ingot prices
LME base metals traded mixed on a w-o-w basis, with copper leading gains by 4.68% to $13,498/t, followed by zinc rising 2.57% to $3,429/t and lead up 0.72% to $1,970/t. Aluminium slipped marginally by 0.33% to $3,512/t, while nickel declined 1.55% to $19,085/t.
On the inventory side, zinc stocks recorded the sharpest increase of 14.91% to 110,600 t, while copper and nickel inventories also edged higher. In contrast, aluminium stocks fell 2.45% to 355,775 t and lead inventories declined 1.01% to 265,775 t, indicating relatively tighter availability.
India’s imported aluminium scrap prices increased w-o-w, supported by a marginal uptick in three-month aluminium prices on the London Metal Exchange (LME) and continued tightness in global scrap availability.
According to BigMint’s latest assessment for CFR Nhava Sheva deliveries, UK-origin zorba 95-5 scrap rose by $90/t w-o-w to $2,965/t.
Domestic aluminium prices in India increased w-o-w, supported by firmer trends on the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX).
As per market assessments, P1020 ingot prices in Delhi NCR rose by INR 4,500/t, or 1.2%, w-o-w to INR 375,000/t.
Copper scrap prices in India inched up slightly w-o-w, even as London Metal Exchange (LME) copper prices declined to around $12,970/t, down by $230/t from last week’s $13,200/t.
Despite softer global prices, the Indian scrap market remained supported by better realisations in Far East destinations, tight availability of quality material, and steady buying interest from secondary manufacturers.
Brass honey scrap prices in Jamnagar rose sharply w-o-w to INR 790,000/t, up by INR 30,000/t from the previous week, supported by the rally in LME copper prices and tightening scrap availability.
India’s zinc dross and zinc oxide markets witnessed a modest uptick w-o-w, supported by firmer global prices.
Domestic zinc dross prices increased marginally w-o-w to INR 292,000/t ex-Delhi. In western India, prices were reported at around INR 287,000/t ex-Mumbai.
India’s zinc ingot (99.995%) prices remained stable w-o-w at INR 353,000/t ex-Delhi on 5 May 2026, as weak downstream demand offset recent producer price revisions.
Hindustan Zinc Limited (HZL), on 7 May, increased its zinc ingot prices by INR 1,800/t ($19/t) to INR 360,300/t ($3,827/t) and raised its lead ingot prices by INR 3,500/t ($37/t) to INR 223,600/t ($2,375/t) compared to the previous revision on 4 May.
Lead
Hindustan Zinc Limited (HZL), on 7 May, increased its lead ingot prices by INR 3,500/t ($37/t) to INR 223,600/t ($2,375/t) compared to the previous revision on 4 May.
Other updates
NALCO reports record FY’26 performance
National Aluminium Company Limited reported its highest-ever FY’26 performance, with net profit rising 9.22% y-o-y to INR 5,816 crore and revenue increasing to a record INR 17,843 crore, driven by higher production, improved realizations, and better operational efficiencies. The company also achieved record output across key segments, while domestic aluminium sales touched an all-time high of 4.61 lakh tonnes.
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