Metal shares witnessed sharp selling pressure on November 18, driven by a stronger US dollar and weakening global sentiment for commodities. The Nifty Metal index fell the most among major sectoral indices, trading 1.5% lower at 10,325.<\/p>\n
Base metals such as copper and aluminium extended their decline, as a stronger dollar made dollar-denominated commodities more expensive for global buyers.
A stronger dollar typically pushes metal prices lower, hurting investor appetite.<\/p>\n
On the same day, the US dollar index remained steady at 99.5, while most Asian currencies weakened between 0.1% and 0.6% ahead of crucial US economic data releases.<\/p>\n
Also Read:<\/strong>\u00a0Blackstone to Soon Trim Stake in Mphasis, Deal Size Likely Large: CNBC-TV18; Shares Fall 3%<\/a><\/em><\/p>\n Within the metal pack, Hindustan Zinc<\/a> and Hindustan Copper<\/a> were the biggest losers, each dropping 3%. Sentiment weakened further as expectations of a US Federal Reserve rate cut in December declined. Higher US interest rates generally strengthen the dollar, reducing demand for metals priced in USD. Investors were awaiting key developments, including:<\/p>\n The US nonfarm payrolls data (due Thursday)<\/p>\n<\/li>\n Signals on whether the Fed will cut rates in the upcoming policy meeting<\/p>\n<\/li>\n<\/ul>\n Market participants were also monitoring the diplomatic spat between China and Japan, raising concerns about potential disruptions in commodities trade between the two major economies.<\/p>\n Industrial metals were hit by a broader risk-off mood ahead of key global events. Several Fed officials have recently cautioned against reducing rates too soon, adding to demand worries.<\/p>\n Aluminium prices had surged to a three-year high in early November, supported by strong Chinese demand and supply constraints. However, prices have drifted lower along with other metals due to concerns about US economic conditions.<\/p>\n Despite the overall dip in metal prices, some region-specific developments were noted:<\/p>\n Rio Tinto imposed surcharges on aluminium supplied to the US due to lower inventories following tariff-driven supply tightness.<\/p>\n<\/li>\n<\/ul>\n Despite today’s fall, the Nifty Metal index has gained 19.5% in 2025, more than double the benchmark index’s growth of 9.5%.<\/p>\n Click here to explore: Metal shares witnessed sharp selling pressure on November 18, driven by a stronger US dollar and weakening global sentiment for commodities. The Nifty Metal index fell the most among major sectoral indices, trading 1.5% lower at 10,325. Stronger Dollar Weighs on Copper & Aluminium Base metals such as copper and aluminium extended their decline, as […]<\/p>\n","protected":false},"author":10,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1386],"class_list":{"0":"post-17613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1386,"user_id":10,"is_guest":0,"slug":"ruchikadave","display_name":"Ruchika Dave","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17613"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17613\/revisions"}],"predecessor-version":[{"id":17615,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17613\/revisions\/17615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17614"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17613"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Hindustan Zinc & Hind Copper Lead Losses<\/h2>\n
SAIL (Steel Authority of India)<\/a> also witnessed selling pressure, falling over 2% during the session.<\/p>\nFed Rate Cut Hopes Fade<\/h2>\n
The probability of a 25 bps cut on December 10 dropped to 42.9%, down sharply from 62.4% last week, according to CME FedWatch.<\/p>\n
They also make emerging markets such as India less attractive for foreign investors.<\/p>\nMarkets Await Key US Data<\/h2>\n
\n
Geopolitical Tensions Add Pressure<\/h2>\n
Risk-Off Sentiment Hits Industrial Metals<\/h2>\n
Aluminium Price Movements<\/h2>\n
Regional Market Dynamics<\/h2>\n
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Nifty Metal Index: Year-to-Date Trend<\/h3>\n
\n<\/strong><\/em>Gift Nifty<\/a>
\nFII DII Data<\/a>
\nIPO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"