Metal rally lifts Hind Copper, Hind Zinc to fresh highs

Hindustan Copper and Hindustan Zinc scaled fresh highs on Wednesday, riding a broader rally in metals worldwide, even as the benchmark indices ended marginally lower. Vedanta-owned Hindustan Copper jumped 6.7% to ₹434, marking its highest closing since November 2010, while state-run Hindustan Zinc rose 2.6% to ₹625, close to its one-year peak. Nifty Metal was up 0.2%, bucking the broader market trend, with the Nifty slipping 0.1%. Analysts said the rally in the two stocks is being powered by different metal-specific triggers. Hindustan Copper’s surge reflects tightening global copper supplies and accelerating demand from new-age sectors, while Hindustan Zinc’s gains are increasingly linked to a sharp upmove in silver prices . The Anil Agarwal-controlled group company is India’s top silver producer. “There is a global supply crunch in copper, while demand has risen sharply,” said Parthiv Jhonsa, vice president at Anand Rathi Institutional Equities. He pointed to rising consumption from electric vehicles, renewable energy, and AI-led data centres as key drivers pushing copper prices higher, directly benefiting Hindustan Copper. Jhonsa added that copper mining is becoming increasingly complex globally, giving Hindustan Copper an advantage as it can expand output by developing existing mines at relatively lower costs. The record-breaking run in silver in recent weeks has come as a fillip to Hindustan Zinc. “Silver is an important by-product for Hindustan Zinc, and higher silver prices materially support its revenues, margins and cash flows,” said Sonam Srivastava, founder and CEO of Wright Research. “Alongside this, the company’s strong balance sheet and steady cash generation have made it a preferred play in the current metals upcycle.” Silver prices have firmed up on a combination of industrial demand and investment interest. The white metal surged by ₹9,750 on Wednesday to hit a record high of ₹2,27,000 per kilogram. In the international market, it crosses $72 per ounce. In 2026, silver rallied sharply, jumping by 153%. Beyond its traditional role as a precious metal, silver is seeing growing usage in solar panels, electronics and electric vehicles, tightening the demand-supply balance. So far this year, Hindustan Copper has surged nearly 76%, while Hindustan Zinc is up about 40%. In comparison, the Nifty Metal index has gained 24.3% and the benchmark Nifty has risen 10.1%. (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price (You can now subscribe to our ETMarkets WhatsApp channel ) (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets...

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