Metal Stocks Rise Third Straight Day as Global Prices Surge

Metal stocks surged during the third consecutive day of growth in metal stocks on January 14th, since copper and silver prices increased significantly because of global supply shortages and increased demand worldwide. Vedanta is now the top gainer on the Nifty Metal index after having risen 6.3% to set a new all-time high on January 14th. Thus, the index rose by a total of 3%, as 12 of the 15 stocks on the index gained ground. 
Hindustan Copper gained 4% and Hindustan Zinc also gained 6%, tracking the rise to record highs for copper and silver. The Nifty Metal index has been performing strongly, increasing by 29.1% during 2025 and posting its largest annual gain since 2021.

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Key Drivers Behind the Rally

Global benchmarks pushed metal stocks higher. Three-month copper futures contract prices traded on the London Metal Exchange set an all-time high at $13,400. Silver March futures contract prices traded on the Multi-Commodity Exchange of India reached a total of ₹2,82,750. Spot silver prices traded on the COMEX reached a new all-time high at over $90/ ounce and peaked at $91.53. 
Some of the other stocks that also performed well recently include NALCO at +2.5%, Hindalco at +1.4% and Steel Authority of India at +1.5%, which demonstrate a strong overall sector performance that is highly correlated to global trends.

Global Metal Price Surge Factors

Factors that contributed to the increase in Metal Prices Globally: The primary driver of price increases came from supply concerns due to mine disruptions caused by firm demand outlooks. The price of Gold closed just below record highs, whilst the price of Silver jumped 4.6% up to $90.95 per ounce as it broke through the $90 threshold for the first time in almost 28% YTD. Recently released U.S. inflation data, specifically softer inflation numbers, added further support for potential future rate cut expectations, which have been intensified due to continued geopolitical tensions.
Lower inflation and unemployment readings in the US have provided an additional boost to Precious Metals. Collectively, these factors continue to create strong bullish sentiment within the base and precious metal complexes.

Sector Performance and Outlook

Hindustan Zinc is one of India's largest silver producers and has benefitted from rising silver prices.  The sharp rise in prices for silver recently also demonstrates the resilience of the metals sector and was led by Vedanta's optimistic outlook on demergers.  The current global supply tightness continues to provide upward support, which is keeping the Nifty Metal index at the forefront of investor interest as they monitor the commodity price actions.