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Industrial metals hit multi-year highs, driving price hikes in appliances and manufacturing.
Industrial metals including copper, aluminium, and nickel have surged to multi-year highs, with copper nearing $12,000 per tonne and aluminium surpassing $3,000 per tonne, driven by supply disruptions, strong demand from renewable energy and AI infrastructure, and global economic factors like falling interest rates and a weaker dollar.
Manufacturers of appliances, air conditioners, and bathware are planning price increases of 5% to 12%, citing rising input costs and limited alternatives to copper.
In India, copper prices hit nearly Rs 1,300 per kg, while brass rose 15%–18%, prompting earlier hikes.
The Indian government has introduced mining reforms to boost domestic production and reduce import reliance amid ongoing supply constraints in China, Europe, and key exporting nations.
Los metales industriales alcanzaron máximos de varios años, impulsando alzas de precios en electrodomésticos y fabricación.