Hindustan Copper shares zoom nearly 8% after copper prices soar to lifetime high

The stock was trading 7.37% higher at ₹364.20 per equity share at around 2:39 pm.

The scrip has gained nearly 12% in the past week and more than 9% over the month. On a year-to-date basis, it has surged approximately 47%.

While the share reached a 52-week high of ₹365.50 on October 9, 2025, it touched a year’s low of ₹183.82 apiece on April 7, 2025.

Copper futures soar to lifetime high on supply concerns

On the Multi-Commodity Exchange (MCX), copper futures for December 31 delivery rose 1% to a record high of ₹1,087.20 per kilogram on Thursday, bolstered by supply concerns.

The supply fears were driven by planned production cuts by Chinese smelters, lower output in Chile’s top producers in October, and dollar weakness.

The surge in price also comes after exchange data showed a spike in copper orders from Taiwan and South Korea, along with the possibility of a supply shortage as traders diverted huge volumes to the US due to fears of possible import tariffs.

Similarly, red metal contracts for the January expiry also advanced to an all-time high of ₹1,095.45 per kilogram.

However, at the time of writing, copper futures for December and January delivery were trading in the red on the MCX.

Globally, LME copper advanced to an all-time high, crossing the $11,500 per ton mark.

The international banking firm Goldman Sachs maintained a selective outlook for 2026, with copper as the preferred metal.

Additionally, it stated that industrial metals have rallied year-to-date, supported by expected US Fed rate cuts, dollar depreciation, and improving China growth expectations. Furthermore, base metals received additional boosts from supply disruptions, policy changes, and the Al capex boom.

Key development

In a regulatory filing on December 2, the firm executed a memorandum of understanding (MoU) with NTPC Mining Ltd (NML) to jointly participate in copper, critical minerals block auctions, develop and operationalize blocks for exploration, mining and processing of minerals.

The MoU aims to explore the possibility of joint investments for the development, mining, and processing of existing assets of HCL, and also to collaborate on existing and future domestic or overseas copper and critical minerals projects, it stated.

Hindustan Copper Q2 results

The company posted an 80.77% year-on-year (YoY) increase in its consolidated net profit (attributable to the owners of the company) to ₹183.79 crore for the September quarter of FY26, compared to a profit of ₹101.67 crore it logged in the year-ago period.

During the quarter under review, its revenue from operations surged 38.6% annually to ₹718.04 crore, as against ₹518.19 crore in Q2 of FY25.

Hindustan Copper has a total market capitalisation of ₹35,083.63 crore, as of December 4, 2025, according to data on the NSE.