The stocks of the said metal companies were in demand owing to a continued rally in prices of copper and silver and solid demand expectations.
Copper prices and demand
According to news reports, the outlook for copper in 2026 remains broadly bullish, driven by deepening structural supply deficits, declining ore grades, and robust demand from the energy transition-including electric vehicles and renewable energy-as well as AI-driven data centres.
While some analysts expect prices to hover around $12,000 per tonne in 2026, others foresee a possible moderation to the $10,000-$11,000 range, citing a temporary and relatively modest global surplus.
Hindustan Copper: Latest update
Another reason why Hindustan Copper is trading in the green today is that the state-run entity recently said that it has emerged as the preferred bidder for the Baghwari-Khirkhori Copper and Associated Mineral Block in Madhya Pradesh after submitting the highest final price offer in a forward e-auction.
The auction for the grant of a composite licence covering the mining lease was successfully concluded on January 22, with communication received on Saturday, according to an exchange filing by the company.
HCL had participated in the Notice Inviting Tender (NIT) dated October 31, 2025, issued by the Directorate of Geology and Mining, Government of Madhya Pradesh.
The block is part of the state’s efforts to auction mineral resources under the central government’s mining reforms.
Hindustan Copper Ltd is a mini-ratna Central Public Sector Enterprise under the administrative control of the Ministry of Mines. It is the only company in India engaged in copper ore mining and holds all the operating mining leases for copper ore in the country.
Hindustan Zinc
Shares of Hindustan Zinc rallied as much as 4.9% to hit its 52-week high of ₹733 apiece on the NSE.
Shares of the company have been rallying on the back of a continued rise in silver prices.
Over the past six months, the scrip has advanced 65% on the NSE.
Hindustan Zinc is India’s only integrated zinc producer.
It must be noted that silver isn’t mined directly but recovered from zinc and lead ores. This is the reason why Hindustan Zinc shares have been in focus for the past six months amid a sharp rally in silver prices.
Silver contributes significantly to HZL’s earnings, linking its stock performance closely to precious metal trends. Their growth strategy positions them to capitalise on the increasing demand for silver in green technologies.
Silver outlook
Gold and silver prices are expected to stay firm this week as traders brace for the US Supreme Court’s hearing on trade tariffs and the Federal Reserve’s upcoming interest rate decision, analysts said.
On the Multi Commodity Exchange (MCX), gold futures surged ₹13,520 or 9.5% over the past week. It hit an all-time high of ₹1,59,226 per 10 grams on Friday.
Meanwhile, silver registered a steeper rally, soaring by ₹46,937, or 16.3%, during the week to breach the ₹3 lakh per kilogram mark for the first time ever.
“The bullion prices are expected to continue their positive momentum and corrective moves should be a buying opportunity, as focus again will remain on the US Supreme Court hearing in Trump’s trade tariffs case,” Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, said.