Steady Surge: Domestic Base Metal Market Thrives in FY25
Domestic base metal companies are expected to perform well in FY25, driven by strong prices and resilient demand. Despite potential risks, limiting factors such as low inventories and supply constraints prevent sharp price drops. Chinese stimulus and US rate cuts bolster metal prices, aiding domestic market growth.
- Country:
- India
The financial outlook for domestic base metal companies remains optimistic as robust prices and resilient demand drive their performance in the current fiscal year, according to a recent report by ICRA.
Base metals such as copper, aluminium, lead, nickel, tin, and zinc have seen international price increases of 12-14% compared to the same period last fiscal year.
Challenges like low inventories and supply constraints may prevent significant price drops, while policy measures in China and interest rate reductions in the US continue to support these price levels.
(With inputs from agencies.)
- READ MORE ON:
- base metals
- ICRA
- domestic demand
- prices
- inventories
- supply constraints
- China
- US
- market growth
- FY25
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