Hindustan Copper Shares Rise 6% As Shanghai Copper Hits Six-Month High

Hindustan Copper shares gained on September 25 after copper prices in Shanghai touched a six-month high. The rally followed Freeport-McMoran’s declaration of force majeure at its Grasberg mine in Indonesia, one of the world’s largest copper and gold deposits.

Freeport said on September 24 that a phased restart could occur in the first half of 2026, with output potentially 35% lower than earlier estimates. This announcement has heightened supply worries across the global copper market.

Shanghai Futures Exchange Records Sharp Jump

By 03:10 GMT, the most-traded copper contract on the Shanghai Futures Exchange climbed 2.86% to 82,280 yuan ($11,545.64) per metric ton — its highest level since March 26. Analysts at Jinrui Futures, a Chinese brokerage, said in a note that the production shortfall from Grasberg was much larger than anticipated, strengthening the short-term copper price outlook.

Industry Outlook Underlines Market Vulnerability

The Grasberg mine suspension highlights how fragile the global copper market is to supply disruptions. It is the latest in a series of setbacks, including Hudbay Minerals Inc. announcing the closure of a mill in Peru due to political protests. These disruptions have increased concerns about volatility and potential shortages in the coming months.

Hindustan Copper Share Price Performance

On September 25, 2025, Hindustan Copper share price opened at ₹315.75, compared to the previous close of ₹308.71. During the session, the stock touched a high of ₹330.00 and a low of ₹314.01. At 12:09 PM IST, it was trading at ₹326.90, up by 5.89%.

The stock recorded a traded volume of 394.75 lakh shares and a traded value of ₹1,278.27 crore on the NSE. The market capitalisation stood at ₹31,618.78 crore. Over the past 52 weeks, Hindustan Copper Limited has hit a high of ₹353.00 and a low of ₹183.82. The stock is currently trading at a P/E ratio of 61.14.

Read More: Oil India and Hindustan Copper signed a MoU for the exploration & development of critical minerals

Conclusion

Hindustan Copper’s gains underline how global supply concerns are shaping price movements. With Grasberg’s reduced output and additional supply risks from Peru, copper prices are likely to remain firm, providing support to Indian miners in the short term.

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