# Nifty Metal is the best-performing sectoral index this year with gains of over 7.8%.

*business · news · 2026-04-08 · CNBC TV18*

## Key points

- Aluminium prices may have peaked, with brokerages hesitant to assume prices above $3,000 per tonne.
- Indonesia is expected to add more aluminium supply to the global market in the first half of 2026.
- Steel prices in India are near parity with imports due to input shortages and higher gas prices.
- Mining stocks like NMDC and MOIL, which have lagged, may begin to catch up in performance.

**Companies:** Hindalco, NMDC, MOIL
**Countries:** India, Indonesia, China

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/commodities/metals-outlook-rakesh-arora-aluminium-steel-profit-booking-miners-opportunity-19882626.htm)

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