Page 2 - Copper

Govt seeks WTO consultations with US over 50% tariffs on copper

India on Tuesday sought consultations with the US under the World Trade Organisation's (WTO) safeguard agreement over 50 per cent tariffs imposed on certain copper products by America. This move comes after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and aluminium; and auto components. On July 30 this year, the US adopted a measure in the form of 50 per cent tariff on all imports of certain copper products. The measure applies from August 1 this year and for an unlimited duration. "India considers that the measure, although claimed to be taken for security interests, are, in essence, a safeguard measure," a WTO communication said. The communication is being circulated at the request of the delegation of India. It said that the US failed to notify the WTO Committee on Safeguards on taking a decision to apply the safeguard measure. "Accordingly, as an affected member with significant export interest to the Un

India faces copper crunch from energy transition, infra growth: CSEP report

The report by the Centre for Social and Economic Progress warns that India's copper imports could rise sharply unless mining, processing, and recycling capacity is scaled up

Mitsubishi to invest $600 million for 30% stake in US copper mine project

Japan's Mitsubishi to buy into Arizona's Copper World project for $600m, weeks after the US imposed steep tariffs on semi-finished copper products

Adani Group's new copper smelter applies to become LME-listed brand

According to Adani, the $1.2 billion Kutch Copper facility in the western state of Gujarat is the world's biggest single-location plant of its type

Codelco finds human remains, setback for Chile mine rescue efforts

The world's biggest copper supplier halted production at the site after a collapse attributed to seismic activity on Thursday trapped workers in a new section of the mine

US announces 50% tariff on copper; to have limited impact on India

The US has announced a steep 50 per cent tariff on imports of semi-finished copper and copper-based products from August 1, a move which will have a limited impact on India's exports from this sector to America. A White House executive order, dated July 30, said that copper is being imported into the United States in quantities and under circumstances that threaten to impair the national security of the US. "...all imports of semi-finished copper products and intensive copper derivative products...shall be subject to a 50 per cent tariff. This tariff shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on August 1, 2025, and shall continue in effect, unless such action is expressly reduced, modified, or terminated," it said. India exported copper products worth USD 360 million to the US in FY2025, including plates, tubes, and other semi-finished forms. These shipments will now be .

Adani Enterprises to sell 50% stake in Kutch Copper Tubes to MetTube

Adani Enterprises to acquire 50% stake in MetTube Copper India, strengthening India's self-reliance in copper tube manufacturing

Adani to divest 50% copper tubes business, picks stake in MetTube India

Adani Enterprises will also take a 50 per cent stake in MetTube Copper India, the company said in an exchange filing

India's new copper cathode rule risks supply shortages, says trade body

The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government

Trump announces 50% tariff on copper imports; experts warn of price surge

Industry experts warn that the US is dependent on copper imports, and levies could increase costs across critical industries from electronics and automobiles to infrastructure and defence

Hindustan Copper to build new ₹400 crore concentrator plant in MP: CMD

Hindustan Copper Ltd looks to build a new Rs 400-crore concentrator plant with 3 million tonnes per annum capacity at Malanjkhand in Madhya Pradesh in the next two-three years as part of plans to triple its ore production capacity, a top company official said. The state-run company expects to start the construction work on the new facility next year. It has a 2.5 million tonnes per annum (MTPA) concentrator plant at Malanjkhand currently. A concentrator plant processes mined ore to separate valuable minerals from waste rock. The facility produces a concentrated product containing a higher proportion of desired minerals. The concentrated product is then sent to further processing stages, such as smelting or refining, to produce the final metal or mineral. In an interview with PTI, Hindustan Copper Ltd (HCL) Chairman and Managing Director Sanjiv Kumar Singh said that state-run consultancy firm Mecon is preparing a tender document and technical design for the plant which will have a .

India eyes foreign copper firms with overseas mining links: Govt report

The growing need for concentrate imports necessitates diversification of supply and foreign asset acquisitions, the government document said

India sends geologists to Zambia to explore copper, cobalt deposits

The exploration project will last for three years and most of the analysis will be done in laboratories in India

India plans global partnerships, investments to counter copper supply risk

New Delhi is also considering measures to help boost domestic refined copper output, including through foreign investment, the sources and the document said

Delegation from Chile in India to visit various units of Hindustan Copper

State-run Hindustan Copper Ltd (HCL) on Monday said a delegation of mining experts from Chile will visit various units of the PSU over the next three weeks to assess mining and operational aspects and explore opportunities for knowledge sharing and value addition. This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April. "HCL welcomed a delegation from CODELCO (Corporacin Nacional del Cobre), the state-owned copper mining company of Chile, in New Delhi early today. In a first-of-its-kind mission in India, experts from the Chilean Copper major will be visiting all HCL units and offices across the country to assess various mining and operational aspects," the PSU said in a statement. The pact focuses on sharing knowledge and best practices to facilitate exploration, mining, and mineral beneficiation, along with employee training and capacity building. Mines ...

GSI team to visit Zambia to map and explore copper blocks this week

This is part of India's national critical minerals mission (NCMM), which aims to extend support to Indian public and private sector companies for mapping and exploration of critical mineral assets

Motilal Oswal recommends 'buy' on MCX Copper, set target at ₹915

Motilal Oswal Wealth Management recommends buying in the range of ₹882 - ₹880, with a stop-loss below ₹855 on a closing basis

India to defend import curbs on copper in legal battle with trade groups

India, the world's second-largest importer of refined copper, relies on imports to address shortfalls and meet robust demand in sectors such as energy, defence, automotives and infrastructure

India's copper demand set to grow 7% on clean energy push: PHDCCI

Propelled by growing consumption in the renewable energy sector and infrastructure development, copper demand is likely to rise about 7 per cent in the country in the coming years, according to industry officials. Policy initiatives such as construction of industrial corridors, housing for all Indians, national highway development projects, and energy transition projects are driving the demand for copper and it is anticipated to increase significantly, PHDCCI President Hemant Jain said. "Copper demand is expected to rise by 7 per cent in India in coming years. The copper sector is expected to attract private investment, supported by handholding by the government, especially through initiatives such as the PLI and Atmanirbhar Bharat," Jain said. According to industry estimates, India's refined copper production is around 555,000 tonnes per year against domestic consumption of more than 750,000 tonnes. India imports around 500,000 tonnes of copper a year to meet local demand. Industr

China planning to add cobalt, copper in boost to state metal reserves

Cobalt, copper, nickel and lithium are among the metals the government plans to purchase, according to people familiar with the discussion