Hindustan Copper shares set for their best month of 2025 as prices continue to rise

Shares of Hindustan Copper Ltd. are up another 4% on Tuesday, September 30, and are now closing in on their 52-week high levels.

The stock has gained in seven out of the last nine trading sessions. Since the close of September 18, the stock has gained 18%.

Copper prices are now trading at a two-month high in the global market and the 5% advance that the metal has seen in the month of September, makes it the best month that the stock has had since the same month last year.

Prices have been supported by supply disruptions, with the latest Freeport-McMoRan Inc.’s declaration of force majeure at the Grasberg mine in Indonesia. On Monday, copper ended at the highest since May last year.

“The longer the mine stays offline, the longer the rally will last,” Societe Generale SA analysts said in note, describing copper as “on fire”. Following the halt at Grasberg, and given steady increases in demand, the market could be on track this year for the largest annual deficit since 2004, they said.

In an interaction with CNBC-TV18 on Monday, Hindustan Copper CMD Sanjiv Kumar Singh said that prices of copper are expected to remain firm in the coming years as AI-driven data centers will continue to support demand, keeping prices at elevated levels.

Hindustan Copper’s sales are structured through annual tenders, with its concentrate product sold fully on that basis. The firm’s EBITDA is closely linked to global copper prices, but Singh stressed that efficiency and expense control help maintain margins. You can read more on that here.

Shares of Hindustan Copper are trading 4.2% higher at ₹332.63. The stock is up 44% in September, which not only makes it the best month of 2025 for the stock, but also the best since December 2023, during which it had gained 58%.

The stock is also trading close to its 52-week high level of ₹353.