Home / Business and Economy / Copper Surge Lifts Vedanta Shares to 16-Month Peak
Copper Surge Lifts Vedanta Shares to 16-Month Peak
3 Oct, 2025
Summary
- Vedanta shares surge 3.25% on rising global copper prices
- Copper reaches 16-month high, set for 3.27% weekly gain
- Disruptions at major copper mine add upward pressure on prices
On Friday, shares of Vedanta surged 3.25% to touch an intraday high of Rs 479.90 on the BSE, tracking the gains in global copper prices. This rally comes amid a bullish sentiment in the commodities space, as copper extends its upward streak.
On the London Metal Exchange (LME), three-month copper contracts were up by 0.23% at $10,514.5 per metric ton by 2:39 GMT. The metal had already reached a 16-month high on Thursday and is set to end the week with a 3.27% gain. The ongoing rise marks copper's third consecutive positive session, driven by concerns over tight supply and heightened demand expectations.
Investor focus has shifted toward disruptions in copper supply, especially after Freeport-McMoRan declared force majeure at its Grasberg mine in Indonesia, one of the world's largest copper producers. Grasberg accounts for around 3% of global concentrate production, and analysts estimate the disruption could lead to a supply loss of approximately 591,000 tons. This news has added upward pressure on prices globally.
