ICRA sniffs robust copper demand: These major copper stocks are likely to benefit

Copper demand in India will be boosted by demands from infrastructure, electric vehicle and power sectors, says rating major ICRA. Against the backdrop of this projection, three copper majors could have a promising future.

Kolkata: Can copper be the new gold, many are asking this rhetorical question in the global markets. In India too, rating major ICRA is projecting robust demand of this metal, thanks to demands from infrastructure, electric vehicle and power sectors. Copper has surged nearly 40% in FY26 and is trading at high levels due to this buoyancy in demand. ICRA thinks copper demand in India could grow at 10-12% annually over the next two years. The three copper majors could benefit from this roust demand.

Hindustan Copper is India’s only vertically integrated copper producer. It is present in all the steps........

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