DBT Bureau
Pune, 13 Jan 2026
Copper prices posted a strong rebound, settling higher by 2.65% at ₹1,315.2, supported by a weaker U.S. dollar and improving demand sentiment after China signaled fresh measures to boost domestic consumption. China’s cabinet discussed a package of fiscal and financial policies aimed at supporting household spending and investment, lifting expectations of stronger metal demand in 2026. Prices were further underpinned by supply-side constraints, with production at Chilean state-run miner Codelco declining 3% year-on-year in November, while output at BHP’s Escondida mine fell 12.8%, tightening near-term availability.
The premium of LME cash copper over the three-month contract widened to $55, a five-week high, reflecting nearby tightness. Additional support came from expectations of consolidation in the mining sector, with market focus on potential merger talks between Rio Tinto and Glencore. However, gains were capped by rising inventories in China, as Shanghai Futures Exchange copper stocks surged over 24%, and smelters continued exporting surplus material amid resistance to high import premiums.
On the macro front, Goldman Sachs raised its copper price outlook for the first half of 2026, citing scarcity premiums outside the U.S., though it cautioned that elevated prices may be difficult to sustain. From a technical perspective, the market is witnessing fresh buying interest, with open interest rising 2.93% alongside a ₹33.9 price increase, stated Kedia Advisory.
Hindustan Copper Ltd. is currently trading around ₹551.35, while Bhagyanagar India Ltd. is quoted near ₹172.90 in the Indian equity market.
Bhagyanagar India Ltd.
Hindustan Copper
(Disclaimer: The information is for educational purposes only. Please consult your financial advisor before investing in stocks)
