Hindustan Copper Share Price Today: Latest Updates, News & Analysis
Copper Price Rally Powers Hindustan Copper Stock, Up 110% From September Lows
A record-breaking surge in global copper prices has sparked a sharp rally in Hindustan Copper shares, pushing the PSU mining stock to a 15-year high. From its September low of ₹226.70 per share, the stock has jumped nearly 110%, tracking strong gains in the industrial metal.
Copper, a key material for electronics, electric vehicles, and clean energy infrastructure, has joined precious metals in a historic rally in 2025. Prices on the London Metal Exchange (LME) have climbed 41% so far this year, nearing $12,300 per tonne, driven by tight supply conditions that may extend into next year. This puts copper on course for its strongest annual performance since 2009.
The rally in copper prices has significantly boosted sentiment around Hindustan Copper, which controls roughly 40% of India’s copper ore reserves and resources. Higher metal prices are expected to improve the company’s margin profile and revenue outlook, making it one of the standout performers in the metals space.
Hindustan Copper share price hits 15-year high
Hindustan Copper shares rose another 9% on Friday, December 26, to close at ₹475.60, a level last seen in 2010. The stock has now gained for four consecutive sessions, delivering a cumulative rise of 23%, while December alone has seen the shares surge over 45%.
The stock has not only outperformed the broader benchmark indices but has also emerged as the top performer in the Nifty Metal pack during a period marked by heightened market volatility.
Beyond rising copper prices, investor sentiment has been supported by better-than-expected September-quarter performance, ambitious capacity expansion plans, and strategic initiatives aimed at strengthening long-term resource development.
Expansion plans and strategic initiatives boost outlook
Hindustan Copper recently renewed its mining lease for the Rakha Copper Mine in Jamshedpur for another 20 years, clearing the path for reopening and expansion. The company has also signed a memorandum of understanding (MoU) with Oil India to jointly explore and develop critical minerals, aligning with the government’s National Critical Minerals Mission.
The miner is targeting a significant jump in capacity, aiming to raise production from the current 4.0 million tonnes per annum to 9.6 million tonnes per annum under Phase I, which is already under implementation. This will be achieved through the expansion of existing mines, reopening of closed mines, and development of new mining assets.
What’s driving copper prices higher?
Copper has remained in focus throughout the year as the global push toward clean energy, electrification, and artificial intelligence accelerates. Supply-side disruptions at major copper mines in Africa have tightened global availability, further fueling price gains.
Additional support has come from concerns over potential US tariffs on copper, which could trigger a rush to ship metal into the country, leaving other regions undersupplied. A recent weakening of the US dollar has also made copper cheaper for non-dollar buyers, adding momentum to the rally.
Analysts remain optimistic about copper’s outlook. Citigroup expects LME copper prices to touch $13,000 per tonne, while Goldman Sachs has identified copper as its preferred metal for the year ahead.
Global copper demand remains strong
Global demand for copper continues to expand, with refined copper usage having more than tripled over the past 50 years. Growth is being driven by sectors such as electrical and electronic products, construction, industrial machinery, transportation, and consumer goods.
The accelerating adoption of electric vehicles, expansion of charging infrastructure, and aggressive decarbonisation policies in the US and Europe are expected to keep demand elevated.
In contrast, India holds just 0.2% of global copper reserves. Mining output accounts for about 0.12% of global production, while refined copper production contributes nearly 2% of worldwide output—highlighting the strategic importance of domestic players like Hindustan Copper.
