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| Adani and hindalco expand india peru copper |
India Seeks Copper Supply Security through Peru Investments
India’s copper import demand rises steadily, prompting Adani and Hindalco to explore Peru’s copper mining assets. As a result, both firms target strategic stakes or joint ventures to secure reliable supply chains. Peru, the world’s third-largest copper producer, offers 2.7 million tonnes production capacity and $4.96 billion in foreign investment for 2024, attracting Indian conglomerates amid global market pressures.
The Indian government encourages overseas mining investments to mitigate potential supply disruptions. According to the Copper Vision Document 2025, India may need 91–97% of its copper concentrate from international sources by 2047. Therefore, securing Peruvian copper is critical for India’s long-term industrial growth, particularly for Adani’s $1.2 billion single-site copper smelter.
Peru’s Copper Sector and Strategic Collaboration
Peruvian authorities actively facilitate foreign investment while negotiating a broader free trade agreement with India. Meanwhile, Adani sent delegations to Peru, and Hindalco initiated similar explorations. The Peruvian Ambassador to India, Javier Paulinich, confirmed early-stage discussions focused on mining opportunities. Copper’s industrial applications in power, construction, and manufacturing underscore its strategic importance for both nations. Consequently, India aims to include copper supply volumes in ongoing trade negotiations.
As India’s copper imports grew 4% to 1.2 million tonnes in FY2025, domestic demand is projected to reach 3–3.3 million tonnes by 2030. In contrast, long-term forecasts estimate 8.9–9.8 million tonnes by 2047. This rising demand highlights the urgency for Indian companies to secure stable overseas copper sources. Joint ventures with Peruvian mining firms could ensure supply stability and mitigate global price volatility.
ScrapInsight Commentary
Adani and Hindalco’s potential investments signal India’s proactive approach to securing copper supply amid rising global demand. Long-term trade agreements with Peru could stabilize concentrate imports, benefiting India’s industrial and recycling sectors. Market watchers may anticipate upward copper pricing pressure as strategic overseas sourcing accelerates.
