Tuesday, December 30: Shares of Hindustan Copper rebounded sharply in Tuesday’s session, rising nearly 5% after witnessing a steep 11% fall from the day’s high in the previous session. The recovery in the stock comes amid a renewed surge in global copper prices, which are heading for their longest winning streak since 2017.
Hindustan Copper was trading around Rs 511.60, up 4.95%, compared to its previous close of Rs 487.45. The stock moved within a day’s range of Rs 481 to Rs 514.90, while its market capitalisation stood at approximately Rs 49,603 crore.
Copper prices surge again, drive sentiment
The rebound in Hindustan Copper coincides with a strong rally in copper prices globally. Copper rose as much as 2.2% to $12,493 per tonne, putting it on track for a 10th straight session of gains. The metal had hit a fresh record just below $13,000 per tonne on Monday, before paring gains later in the day.
Copper futures have now rallied over 40% in 2025, marking the biggest annual rise since 2009. A weaker US dollar, which has fallen about 8% this year, has further supported metal prices by making commodities cheaper for overseas buyers.
Supply disruptions and tariff fears lift prices
Supply-side pressures continue to dominate the copper market. Mining disruptions across Indonesia, Chile and the Democratic Republic of the Congo have tightened availability. Additionally, traders are reportedly shipping large volumes of copper into the US to get ahead of potential import tariffs, further straining global supply.
Mercuria Energy Group had earlier warned of a potential extreme copper shortage in 2026, adding to bullish sentiment.
Other base metals also traded higher, with nickel rising over 4%, while aluminium and zinc remained supported by supply constraints.
The sharp rebound in Hindustan Copper reflects this renewed momentum in copper prices after profit booking seen in the previous session.
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