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Base-metal rally heats up: copper, aluminium and zinc surge globally
Global prices for copper, aluminium and zinc surged sharply, fueled by Chinese industrial demand and supply-chain disruptions, boosting commodity and mining stock interest.
Base-metal prices have exhibited a sharp recent rally, with copper surpassing the US$10,000 per ton threshold on the London Metal Exchange and aluminium reaching three-year highs in India at around ₹264 per kg. Zinc is also trading at multi-month highs internationally and record levels locally. The up-move is driven by solid industrial demand from China, geopolitical and trade risks disrupting supply chains, and constrained production outlooks. Investors in metals stocks and commodity funds are recalibrating exposure as the momentum broadens beyond just nickel and lithium.