Mumbai: Shares of state-owned mining company Hindustan Copper witnessed a strong rally on Monday, January 5. In the first week of the new year, the stock jumped over 5 percent to touch Rs 570, its 52-week high and the highest level seen in 16 years. On the National Stock Exchange (NSE), the stock finally closed about 2 percent higher at Rs 552.80.
Copper Prices Near Record High Globally
The rally in Hindustan Copper shares is closely linked to rising global copper prices. In the international market, copper prices are moving close to record highs. On the London Metal Exchange (LME), the benchmark three-month copper contract rose nearly 2.86 percent to USD 12,826.5 per tonne. During intraday trade, prices climbed as much as 3.28 percent, nearing last year’s record high of USD 12,960 per tonne.
Why Copper Prices Are Rising?
One major reason behind the surge in copper prices is the fear that the United States may impose tariffs on imported metals. Due to this concern, traders are rushing large copper supplies toward the US before any new rules come into force. This has reduced copper availability in major trading hubs such as London and Shanghai, pushing prices higher.
Supply Disruptions Add to Global Uncertainty
Global supply issues are also supporting copper prices. In Chile, one of the world’s largest copper-producing countries, operations at Capstone Copper’s Mantoverde mine have been halted. Hundreds of miners have gone on strike after talks over a new labour agreement failed. In addition, traders are closely watching political instability in Venezuela following the arrest of President Nicolas Maduro, although Venezuela has a limited role in the global copper market.
Strong Returns for Hindustan Copper Investors
Hindustan Copper has delivered exceptional returns to investors. In September, the stock was trading at a 52-week low of Rs 226.70. Since then, it has surged to Rs 570, delivering a return of nearly 150 percent in just a few months. The stock has clearly outperformed others in the Nifty Metal index. Data shows that Hindustan Copper gained 109 percent in 2025, rose 385 percent over three years, and surged nearly 800 percent over five years.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to risks. Readers should consult a certified financial advisor before making any investment decisions.
