Metal market update: week of 9 Nov 2026

What changed this week

This is the first week we have recorded these benchmarks, so there is no week-on-week comparison yet. Changes will appear here from next week. The latest readings are in the table below.

Benchmark prices

Metal	Price	Currency	Unit	Grade	Market basis	Source	Price date	Change vs last week
Copper	13,830	USD	tonne	LME Copper Grade A (cathode)	LME benchmark price as relayed by the Metals.dev API (indicative; may be delayed)	Metals.dev API	11 Nov 2026	n/a (first reading)
Aluminium	3,027	USD	tonne	LME Aluminium High Grade (min 99.7% Al)	LME benchmark price as relayed by the Metals.dev API (indicative; may be delayed)	Metals.dev API	11 Nov 2026	n/a (first reading)
Zinc	3,734	USD	tonne	LME Special High Grade Zinc (99.995% Zn)	LME benchmark price as relayed by the Metals.dev API (indicative; may be delayed)	Metals.dev API	11 Nov 2026	n/a (first reading)
Nickel	16,075	USD	tonne	LME Primary Nickel (min 99.80% Ni)	LME benchmark price as relayed by the Metals.dev API (indicative; may be delayed)	Metals.dev API	11 Nov 2026	n/a (first reading)
Lead	1,882	USD	tonne	LME Standard Lead (min 99.97% Pb)	LME benchmark price as relayed by the Metals.dev API (indicative; may be delayed)	Metals.dev API	11 Nov 2026	n/a (first reading)

Indicative rupee equivalent (converted from the USD benchmark above at 1 USD = INR 93.93, European Central Bank reference rate via Frankfurter, rate date 10 Nov 2026; excludes duty, GST, freight and processing premiums): Copper: about INR 1,299.05 per kg; Aluminium: about INR 284.33 per kg; Zinc: about INR 350.73 per kg; Nickel: about INR 1,509.92 per kg; Lead: about INR 176.78 per kg.

Why it matters to buyers

Copper is the main cost driver for our copper coils, sheets, rods and ingots, and for most of the cost of brass, which is a copper-zinc alloy.

Aluminium benchmark prices guide the cost of aluminium pipes, tubes, sheets, rods, ingots and extrusions.

Zinc is the other component of brass, and it is also used to galvanise steel sheets.

Nickel is a key alloying element in austenitic stainless steel, so its price influences stainless steel pricing.

Lead is tracked for completeness; it affects leaded (free-cutting) brass only marginally.

Benchmarks are a guide, not a quotation. The rate you pay also depends on grade, form and size, processing premium, quantity, freight, taxes and the exchange rate.

In the news this week

Copper, aluminium and zinc

• LME aluminium price declines to $3,137/t as contracts post 1% dip on November 10 – AL Circle, 11 Nov 2026
• Strong Copper Prices Show Up in Miners' Quarterly Results Alongside New Capacity Plans – Quantisnow, 10 Nov 2026
• LME Aluminium Premium Hits Five-Month High Amid Tight Inventories – Global Banking & Finance Review, 10 Nov 2026
• Inventory drawdown supports aluminium prices; Weakening demand at end of peak season limits rebound space – AL Circle, 10 Nov 2026
• Copper Rebounds as China Supply Tightness Keeps LME Prices Under Pressure – kalkine.ca, 10 Nov 2026

Nickel and stainless steel

• Why Hot Diamonds is tapping into the stainless steel market – Professional Jeweller, 11 Nov 2026
• Global: Stainless steel prices fall despite production cuts, reduced imports on weak demand – BigMint, 11 Nov 2026
• [SMM Stainless Steel Flash] Italian Stockists Say Stainless Flat Recovery Unlikely Before End of First Quarter – Shanghai Metals Market, 11 Nov 2026
• Stainless Steel Market to Reach US$247.42 Billion by 2033 | – openPR.com, 10 Nov 2026
• Nickel from Indonesia: NADI Portal Controls Exports in 2027 – Steel and Stainless Steel News, 10 Nov 2026

India steel and metals

• Tata Steel shares rise 2%. Why brokerages remain bullish; see up to 30% upside potential – The Economic Times, 11 Nov 2026
• Tata Steel Share Price Rises 2.15%: India Operations, Q2 Results and Brokerage Outlook – India Infoline, 11 Nov 2026
• Tata Steel shares gain 2% as brokerages see stronger India earnings, flag risks in Europe – Moneycontrol.com, 11 Nov 2026
• Global gold price drop 2026: Yellow metal slips 6% in dollar terms, but top Indian gold ETFs still deliver 7.5% returns – Livemint, 11 Nov 2026
• JSW Steel crude production rises 19% YoY to 25.73 lakh tonnes in Oct 2026 – scanx.trade, 11 Nov 2026

Headlines link to the publishers’ own pages. We do not reproduce their articles.

How to enquire

To buy at current rates, send us the grade, form, size, quantity and delivery location. The Indore or Faridabad office will confirm availability and quote.

Related products: Copper, Copper Rods, Brass, Aluminium, Stainless Steel, Stainless Steel Sheets.

Sources and method

Price sources: Metals.dev API; European Central Bank reference rate via Frankfurter. Each price is shown with its own date; a price is published only when its source, date, currency, unit, grade and market basis are all known. Published 9 Nov 2026 by an automated weekly job and checked for completeness, not for trading advice.

Indicative benchmark information only. This is not an offer or a quotation, and we do not give investment advice.

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