NIFTYMETAL.NSE News

As tensions escalate, the US is rallying allies to counter Beijing’s dominance in critical minerals

Global supply disruptions and expectations of lower US interest rates lifted sentiment in the metals space, making it the top sectoral gainer of the day.

With China tightening its grip on rare earth exports, India is looking to push ahead with an ambitious manufacturing initiative to build a domestic rare earth magnet capacity.

Its collaboration on lithium exploration and expansion of iron ore capacity positions it as a critical player in India’s renewable and EV ambitions.

Hindustan Copper has gained over 43% so far in September. Retail sentiment remains bullish.

The proposed scheme aims to ease cost pressures, reduce import dependence, and secure a reliable supply of rare-earth magnets

Hindustan Copper shares have gained in eight of the last 10 sessions. An analyst highlighted a bullish reversal, with resistance seen at ₹281-286.

Expectations of expanding steel spreads and stronger domestic demand are seen as key drivers, according to the brokerage

Investors will closely watch the GST Council meeting on rate rationalization, scheduled for Wednesday and Thursday.