India's Copper Ambition: Mines Reopened for Global Demand

Hindustan Copper Limited, India's sole copper producer, is set to significantly increase its ore capacity, aiming for 12 million tonnes per annum by 2030. This ambitious expansion is fueled by the metal's surging global prices, which have reached historic highs due to demand exceeding supply. The company is strategically reopening three mines that were closed approximately twenty years ago, a move that underscores the current favorable market conditions.

Despite India's minimal share of global copper reserves, standing at just 0.2%, Hindustan Copper is pursuing this aggressive growth strategy. The company's leadership views the current market dynamics as a critical opportunity to boost domestic production and re-establish its operational footprint. These efforts are vital for meeting future demand and capitalizing on the heightened market interest in copper.

The revival of these long-dormant mines, coupled with the capacity expansion target, signifies a major push for India's copper sector. As global prices continue their upward trend, Hindustan Copper's strategic decisions are poised to play a crucial role in the country's resource management and its response to international market demands.