Hindustan Copper Share Price: Shares of Hindustan Copper surged 8 per cent to Rs 473 apiece on December 26, hitting their highest level since November 2010, as global copper prices scaled fresh record
highs amid tight supply conditions. Shanghai copper prices touched an all-time peak, while gains in New York further lifted sentiment around the metal.
The state-owned miner emerged as the top gainer on the Nifty Metal index, which was up 0.2 per cent on the day. The rally capped a strong week for the stock, which has jumped 21 per cent — its best weekly performance since December 2023. So far in 2025, Hindustan Copper has rallied 89 per cent, making it the biggest gainer on the metals index, which itself is up 24 per cent during the same period.
Copper prices have been on a tear globally. In China, copper futures rose 2.7 per cent to 98,780 yuan (about $14,090) a tonne on the Shanghai Futures Exchange. In the US, Comex copper climbed 3 per cent to $5.743 a pound, the highest level since a rare short squeeze in July. On the London Metal Exchange, which reopens after the Christmas break, three-month copper prices had earlier touched a record high of $12,282 per tonne before easing slightly.
On the domestic front, the January copper contract was trading 3.5 per cent higher at Rs 1,216.05 per kg at around 10:15 am, after hitting a record Rs 1,223.3 per kg earlier in the session.
The rally in copper has been driven by expectations of tighter global supplies in 2026, a weaker US dollar, and growing hopes of interest rate cuts by the US Federal Reserve next year. Lower borrowing costs typically support construction and manufacturing activity, boosting demand for copper. The metal has gained more than 42 per cent in New York this year, making it one of the standout performers amid the global energy transition.
What lies ahead?
Analysts believe that while some profit booking cannot be ruled out at current levels, structural tailwinds remain firmly in place for Hindustan Copper.
Siddharth Maurya, Founder and Managing Director of Vibhavangal Anukulakara Pvt. Ltd., said the stock’s recent performance reflects supportive global copper prices and improving conditions in the metals sector. Rising metal prices are aiding margins and revenue growth, attracting sustained investor interest. While short-term profit-taking is natural, the broader earnings outlook and sectoral momentum remain supportive, he noted.
Kalp Jain, Research Analyst at INVasset PMS, said Hindustan Copper has emerged as one of the most notable metal stocks in recent sessions, with its share price climbing to fresh multi-year highs on firm global prices and steady domestic demand. The stock’s more than 87 per cent rise in 2025 has significantly outpaced broader market indices. He added that recent institutional stake reductions indicate some profit-taking, but also underscore confidence in the company’s long-term fundamentals despite near-term valuation pressures.
India’s copper demand is expected to rise sharply, reaching an estimated 3.24 million tonnes by 2030, driven by construction, industrial activity and electricity demand. With the push toward renewable energy and technology-led growth, copper remains a critical metal.
Brokerages have highlighted Hindustan Copper’s strategic importance in India’s mineral security. HDFC Securities has pointed to the company’s modernisation efforts and ambitious expansion plans, including a proposal to triple mining capacity from 4 million tonnes per annum in FY25 to 12.2 million tonnes by FY31, as key long-term growth drivers.
