Sector Snapshot · Diversified Metals

India Scales Up Its Metals Production

A fast-read primer on India's diversified metals sector — the backdrop against which we benchmark every company's cost structure in this category.

India's global rank in aluminium production

38.90 lakh tonnes

Primary aluminium production, FY26

37 mn tonnes

Projected aluminium production by 2070

6.9%

Aluminium price increase, Q3 FY26

7.2%

Zinc price increase, Q3 FY26

Production Keeps Rising, and the Long Runway Is Long

Current output is climbing steadily, with a nine-fold expansion targeted over the coming decades.

Primary Aluminium Production (lakh tonnes)

FY25 → FY26

38.37 LT

FY25

38.90 LT

FY26

Aluminium Production (million tonnes)

2023 → 2070 forecast

4 MT

2023

37 MT

2070F

What's Pushing the Sector Forward

Global scale, rising industrial demand, and policy support for critical minerals all point the same way.

Global Scale

World's 2nd-largest aluminium producer
Strong cost advantage in production and conversion costs

Rising Demand

Copper, aluminium and zinc prices all rose in Q3 FY26 on strong industrial demand
Infrastructure activity is a key demand driver

Policy Support

FY27 Budget introduced mineral corridors and duty exemptions for critical minerals

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's primary aluminium production reached 38.90 lakh tonnes in FY26 (Apr-Feb), up from 38.37 LT in FY25.
→ Copper, aluminium and zinc prices rose 3.1%, 6.9% and 7.2% respectively in the September 2025 quarter.
→ Aluminium production is projected to rise to 37 million tonnes by 2070 under a phased decarbonisation strategy.
→ The Union Budget FY27 introduced measures to support critical minerals and mineral corridors.
→ India's metals and mining sector is seeing rising demand for copper, zinc, lithium and rare earths, driven by EVs and renewables.
→ The FY27 Budget included duty relief on key metal inputs to reduce import dependence.

Companies We Benchmark in This Sector

Listed Indian Diversified Metals companies in tDoBe's cost-benchmarking coverage.

Vedanta

Jain Resource Recycling

Pondy Oxides

Innomet Advanced Materials

Bonlon Industries

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Diversified Metals Report