According to a regulatory filing on the BSE, the company has signed multiple MoUs with leading Indian PSUs such as NTPC Mining (NML), RITES, IOCL, Coal India, Oil India, and GAIL, to expand HCL’s mining portfolio and strengthen India’s mineral security.
It has also entered a global partnership with CODELCO, Chile for capacity building, knowledge sharing, and expertise in mining, beneficiation, and exploration. The company has added 154.14 million tonnes of copper ore reserves/resources in the last 4 years, and is pursuing new copper deposits in India and overseas.
Copper price today
Copper prices rose on Tuesday, as strong demand in top consumer China pushed the metal back towards its record high.
The gains marked a rebound after a brief pullback in a broader rally over recent months. Prices had drawn support from concerns that a possible US tariff on refined copper imports would pull more metal into US warehouses.
Benchmark three-month copper on the London Metal Exchange was up 0.61% at $14,750.5 a metric ton by 0300 GMT, rising for a sixth straight session.
Copper prices had hit a record high on September 7 as the prospect of shortages outside the U.S. had fuelled buying. After Trump’s copper tariff threat, prices went up as traders tried to store copper in the US ahead of the introduction of tariffs.However, Trump went ahead with imposing tariffs on copper products but not on refined metal. In July, Trump issued a proclamation calling for a follow-up report from the Commerce Secretary before deciding whether to impose a phased tariff on refined copper imports, starting at 15% in January 2027. The market may still be pricing in the possibility of tariffs being introduced on copper imports.
Hindustan Copper share price
Shares of Hindustan Copper have declined 3% in the last three months and over 12% in the year so far. However, the stock has delivered over 13% gains in the last three years, and over 26% gains in the last five years.
Disclosure: “This article has been written by Rounak Khare, who is not a SEBI-registered Research Analyst or an Investment Adviser. Rounak Khare and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.”
