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New Delhi told the WTO that the US tariffs were 'safeguard measures' and not notified by Washington as per the rules of the Geneva-based trade body
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The sell-off followed President Donald Trump’s announcement to exclude refined copper from the upcoming tariff package set to take effect on Friday, triggering a sharp reversal in sentiment, the brokerage firm said
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Incumbents have stepped up their expansion plans in order to preserve market share, as large corporates prepare to enter the sector.
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Lower TC/RC margins could result in a 25–30 percent hit to Hindalco's copper EBITDA.
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Industry observers expect that Indian exporters may eventually redirect supply towards alternative markets or capitalise on the growing domestic demand in sectors like power, construction, and electric vehicles.
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The steep 50% tariff, similar to that levied on steel and aluminium, could be a bargaining chip for Trump or a move to localise production. Which one it is will determine how the industry shapes up in the coming years
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Copper prices shot up globally after record shipments to US, following Trump's tariff threats.
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Copper is crucial to India’s defence manufacturing, enabling advanced systems in vehicles like the CCIV, supporting communication, radar, and weapon technologies for modern combat effectiveness
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Konkola Copper Mines has reserves and resources of 16 million tonnes of highest grade copper. The mine also has cobalt reserves and resources amounting to 412,000 tonnes, reinforcing its potential as one of the top five cobalt producers globally.
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Agarwal said copper is the new super metal and it is heavily used in every advanced technology, whether EVs, renewable energy infrastructure, AI or defence equipment
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The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad
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Copper prices have already zoomed in 2025, more so in the US. Will there be more pain in store?
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US President Donald Trump had requested the Commerce Department to investigate into potential copper tariffs in February, 2025.
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Trump has threatened to impose a duty of as much as a 25% on all copper imports
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Traders scrambled to send as much metal to US as possible ahead of the tariffs. This, in turn, reduced the supply in the rest of the world, shooting up copper prices.
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The world's fastest-growing major economy, India has launched efforts to secure critical minerals from resource-rich nations such as Congo, Mongolia and Zambia to help energy transition efforts and fill growing demand from its industries.
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The move comes as the mining conglomerate seeks to raise funds to ramp up production at one of the world's largest high-grade copper deposits.
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The shortage of copper began intensifying around 2021-2022, driven by the growing mismatch between limited supply and the increasing demand for the metal.
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Traditionally, building construction and infrastructure account for 43 per cent of copper demand while contributing 11 per cent to GDP, International Copper Association India said in a statement.
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Copper’s demand is expected to shoot up but its supply through mines is another story
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Copper and nickel are indispensable to build up our renewable energy and EV industry without being overly reliant on external sources. Getting a grip on their supply is tied to India’s long-term goals of carbon neutrality. Recycling will be integral to the strategy of building up a reliable supply
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Adani Enterprises Ltd. is likely to start processing the first copper concentrates or ore at its plant in the western Indian state of Gujarat in November and will build up slowly from there, according to people familiar with the matter.
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Copper prices increased by Rs.5.75 to Rs. 826.90 per kilogram in the futures market, driven by heightened spot demand.
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The near term outlook appears to be soft as China’s economic recovery is not helping, although the longer-term outlook may remain bright due to the green transition
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The latest foray comes as the Aditya-Birla flagship company aims at capitalizing on the accelerating demand in the battery materials market. Last year, Hindalco had announced plans to manufacture fine-quality aluminium foil used in rechargeable batteries, with an investment of Rs 800 crore
