en.Wedoany.com Reported - As of April 24, 2026, base metal prices on the London Metal Exchange (LME) showed mixed week-on-week changes. Nickel, copper, and zinc gained, with nickel leading the rise by 1.29% to $18,800 per ton, zinc up 0.77% to $3,474 per ton, and copper up 0.64% to $13,295 per ton; aluminum fell 0.88% to $3,600 per ton, and lead dropped 0.76% to $1,954 per ton. In terms of inventories, stocks of major metals remained tight. Aluminum saw the largest decline, falling 3.23% to 376,275 tons, zinc decreased 2.86% to 102,825 tons, copper dropped 1.91% to 392,575 tons, lead fell 1.54% to 270,025 tons, and nickel declined 0.23% to 277,548 tons.

India's imported scrap aluminum market was steady with a firm tone. UK-origin Zorba 95-5 scrap (CFR Navashiva) rose to $2,940 per ton, while US-origin Tense scrap held steady at $2,745 per ton. Domestic P1020 aluminum ingots (Delhi NCR) were assessed at INR 377,500 per ton, up INR 2,500 per ton week on week. The scrap copper market experienced range-bound fluctuations. Brass honey scrap (Jamnagar) fell to INR 760,000 per ton, with demand cautious. Zinc ingot prices rose on a week-on-week basis, with special high-grade zinc ingots (Delhi) climbing to INR 358,000 per ton, and HZL increasing ex-factory prices. The lead market edged lower, with primary lead ingots (Delhi) falling to INR 201,800 per ton and remelted lead ingots dropping to INR 194,200 per ton. In other developments, the International Nickel Study Group expects the global nickel market to shift to a supply deficit of 32,000 tons in 2026, compared to a surplus of 283,000 tons in 2025, mainly due to changes in Indonesian regulations.

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