The share price of Hindustan Copper has surged 6.9% intra-day today. The rally in the stock price is primarily on the back of the supply constraints in the copper market globally and the resultant uptick in prices.
The current Copper Futures forward curve chart shows a gradual upward slope from September through early 2026, indicating chances of further rally in the price of this key industrial metal. “This means that future contracts are priced higher than the current spot price, reflecting expectations of stronger demand or potential supply constraints ahead,” said Kedia Stocks and Commodities Research in a note.
Additionally, China had announced 5% cut in copper production in early September, cutting supply of about 5 lakh tonnes of refined copper from the global market.
Adding to that, supply pressures deepened after major producer Freeport-McMoRan confirmed its Grasberg mine in Indonesia.
Inventories remain near multi-year lows, with London Metal Exchange stockpiles about 40% below their five-year average, said the report.
“Copper touched 921.50 on MCX, tracking LME highs above 10,180, its strongest since June 2024. Gains came as the U.S. and China reached a framework deal on TikTok, reviving hopes for broader trade progress. Supply pressure remained evident with Peru’s July output down 2%, led by sharp drops at Collahuasi (-27.2%),” read the Kedia Stocks and Commodities Research report.
Hindustan Copper stock performance
The share price of Hindsutan Copper has risen more than 16% in the last five trading sessions. The stock has given a return of almost 39% in the past one month and 43% in the last six months. However, Hindustan Copper’s share price has fallen 3.6% over the previous one year.
Hindustan Copper Q1 FY26 results
The company’s net profit surged 18.4% year-on-year to Rs 134 crore in the first quarter of FY25, compared to Rs 113 crore in the same quarter a year ago. Hindustan Copper’s revenue from operations grew by 4.6% YoY to Rs 516.4 crore.
The government of India holds 66.14% stake in the company at the end of June 2025.