Shares of metal companies rallied sharply on Monday after the United States announced it will temporarily cut tariffs on Chinese imports from 145% to 30% for a 90-day period, easing long-standing trade tensions between the world’s two largest economies.
The move, announced following a joint economic statement from the U.S.-China trade talks in Geneva, helped restore investor confidence in global demand for industrial metals such as copper, zinc, and aluminum—commodities that had been under pressure amid recent geopolitical headwinds.
In response, major Indian metal stocks surged:
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Adani Enterprises rose 7.15% to ₹2,412.00, gaining ₹161.
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Hindustan Copper climbed 6.69% to ₹219.05.
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SAIL was up 6.60% at ₹116.20.
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NALCO added 5.60%, trading at ₹165.62.
Analysts say the tariff relief signals a thaw in U.S.-China trade hostilities, which had previously cast a shadow over global commodity demand. The two nations together account for nearly 45% of global GDP, and their trade policies have a significant impact on base metal consumption worldwide.
“The rollback of tariffs is a relief for industrial metal producers. It suggests that major infrastructure and manufacturing projects, particularly in China, may now resume at full pace,” said a commodities analyst at a leading brokerage.
The rally also comes on the back of broader global risk-on sentiment, with equity markets buoyed by easing geopolitical tensions, including the recent India-Pakistan ceasefire agreement.
