Hindustan Copper Share Price Jumps as Copper Turns the New Gold; Stock Extends Over 50% Rally

When a metal starts acting like the market’s new obsession, it often tells a bigger story.

And right now, copper is that story lifting Hindustan Copper shares along with it.

In Wednesday’s trade (October 29), Hindustan Copper share price jumped 4% to ₹355.25, reinforcing its strong October momentum. With global copper prices rallying sharply, the stock continues to stay on the list of top gainers today and remains a key name among stocks to watch in the metals space.

Market Performance: Copper Prices Rally, Driving Sentiment

Copper is buzzing everywhere—energy, infrastructure, EVs, AI, electronics.

And when copper prices rally, Hindustan Copper almost always feels the tailwind.

Here’s the metal’s global move that set the tone:

• LME three-month copper surged 1.13% to $11,040 per metric ton
• This marked its fifth straight winning session
• Year-to-date gains now stand at 28%

This kind of sustained run has made many traders call copper the “new gold” of industrial markets—especially with supply disruptions tightening the market.

Why Copper Prices Are Rallying

The reference data clearly highlights a combination of strong demand and pressured supply.

Here’s the real story that drove copper up:

1. Clean-energy & AI boom push demand higher

Copper remains the backbone metal for:

• AI data centers
• Electronics
• Renewable energy infrastructure

A world moving toward electrification naturally pulls more copper into its ecosystem.

2. Supply concerns tighten the global market

A series of accidents and operational disruptions across major mining regions—particularly in South America and Central Africa—have put pressure on supply.

Lower production levels have also contributed to tightening inventories:

• Copper stocks at LME warehouses dropped to 134,575 tons, the lowest since late July

3. Improving global trade mood supports sentiment

Talks between major global economies showed signs of easing friction, adding another layer of support for risk assets and industrial metals.

4. Market awaits central bank cues

Expectations of softening monetary conditions across major economies improved appetite for commodities.

Main News: Hindustan Copper Shares Rally Over 50% in Less Than Two Months

While copper prices have been hitting headlines, Hindustan Copper share price has written its own comeback story.

Here’s the stock’s journey based on reference data:

• Hindustan Copper has rebounded 51% from its August lows
• Shares closed Tuesday at ₹342 apiece
• September alone delivered a 43% monthly jump, the biggest since December 2023
• The stock’s year-to-date return stands at 41%

A combination of rising copper prices and operational developments has kept the mood strong around the stock.

Company Details: Expansions & Strategic Moves Continue to Add Momentum

The reference article highlights two major company-specific updates that shaped investor sentiment:

1. Mining lease renewed for 20 years

The mining lease for the Rakha Copper Mine in Jamshedpur has been renewed for another 20 years, clearing the way for:

• Reopening of operations
• Future expansion prospects

This long-term visibility naturally supports confidence around production continuity.

2. MoU signed for critical minerals development

Hindustan Copper entered into an MoU to jointly explore and develop key critical minerals—especially copper, aligning with the government’s broader National Critical Minerals Mission.

This move positions the company strategically for:

• Long-term resource security
• Participation in India's critical minerals ecosystem

Summary

The combination of copper price rally, tightening global supply, supportive macro signals, and Hindustan Copper’s own operational updates has amplified momentum in the stock. With:

• 4% jump on October 29
• Over 50% rise in less than two months
• Year-to-date gains of 41%

…the stock remains one of the most closely watched names in the metals basket.

As copper continues to behave like the market’s “new gold,” Hindustan Copper shares stay firmly in focus among top gainers today, stocks in the news, and stocks to watch as the metal’s narrative unfolds.