Sector Snapshot · Non-Ferrous Metals

India Cements Its Position as a Global Aluminium Powerhouse

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

Global rank in aluminium production

38.90 lakh tonnes

Primary aluminium production, FY26

6.9%

Aluminium price increase, Q3 FY26

7.2%

Zinc price increase, Q3 FY26

3.1%

Copper price increase, Q3 FY26

Production Is Rising Alongside Prices

Output keeps climbing even as prices strengthen across the board on robust industrial demand.

Primary Aluminium Production (lakh tonnes)

FY25 → FY26

38.37 LT

FY25

38.90 LT

FY26

Metal Price Increases, Q3 FY26

By metal

3.1%

Copper

6.9%

Aluminium

7.2%

Zinc

What's Pushing the Sector Forward

Global scale, rising industrial demand, and targeted policy support define the sector.

Global Scale

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

Rising Demand

Non-ferrous metal prices rose broadly on strong industrial and infrastructure demand

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.
→ India holds a strong cost advantage in production and conversion costs for steel and alumina.
→ Industry consolidation is drawing investment from entities outside the traditional metals sector.
→ The FY27 Budget introduced duty exemptions for critical minerals to reduce import dependence.
→ Rising demand for copper, zinc, lithium and rare earths is being driven by EVs and renewables.

Companies We Benchmark in This Sector

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

Hindustan Zinc

Hindalco Industries

Vedanta Aluminium Metal

National Aluminium

Hindustan Copper

Deccan Gold Mines

Onix Solar

Arfin India

Bhagyanagar India

MMP Industries

Maan Aluminium

Msafe Equipments

Sizemasters Technofab

Mardia Samyoung Steel

Jainik Power Cables

Manaksia Aluminium

PG Foils

Hind Aluminium 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 Non-Ferrous Metals Report