India Discovers New Nickel-Copper-Palladium Mineralization Zone

Published: May 20, 2026 17:01

Save

Deccan Gold Mines announced that initial drilling at its Bhalukona project in Chhattisgarh, India, has identified a new nickel-copper-palladium mineralization zone. The company stated that preliminary results indicate further resource expansion potential, with additional drilling and resource evaluation work planned. Market attention remains focused on India’s efforts to strengthen domestic critical mineral exploration and supply chain development, aiming to reduce reliance on imported strategic metals while supporting growth in the EV, battery, and electronics sectors.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 mins ago

Vedanta Completes Demerger, Copper Business to Operate as Independent Listed Company

Vedanta has moved forward with its long-planned demerger, creating separate listed entities for copper, zinc, aluminum, oil and gas, and power businesses. The company said the restructuring will allow each unit to pursue independent growth and investment strategies. The move is expected to strengthen the development of India's copper industry.

19 mins ago

42 mins ago

After contract rollover, weak demand weighs on Shanghai spot copper premiums [SMM Shanghai spot copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SHFE copper prices are expected to rise intraday and remain at a relatively high level. Coupled with the futures contract rollover, trading activity is likely to be muted, reflecting that the current price level is significantly suppressing real demand. After the rollover, the market will officially price around the 2607 contract, and close attention should be paid to the outflow of unmatched warrants. However, open interest for the SHFE copper 2606 contract currently stands at approximately 5,500 lots, indicating limited delivery participation. The concentrated release of warrants is therefore expected to exert relatively limited additional pressure on spot discounts. Supported by delivery-related dynamics, Shanghai spot copper discounts did not see a sharp decline. But if copper prices remain at current highs and demand fails to improve effectively, spot premiums may come under downward pressure.

42 mins ago

2 hours ago

Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]

Today in North China, spot #1 copper cathode prices against the front-month contract were reported at discounts of 190–130 yuan/mt, with the average discount at 160 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price stood at 104,580 yuan/mt, down 1,025 yuan/mt from the previous trading day.

2 hours ago