The share price of Hindustan Copper continued its strong upward run on Friday, rising nearly 8% intra-day. The stock has emerged as one of the top performers in the metal space, with momentum driven by firm global copper prices and sustained investor buying. Over the past five trading sessions, the shares have gained more than 22%, while the one-month return is nearly 43%.
Copper price surge fuels buying interest
The sharp move in Hindustan Copper mirrors the rally in global copper markets, where prices have climbed to multi-year highs. Tight supply conditions and rising demand from infrastructure, manufacturing, and clean energy sectors have pushed the metal sharply higher across major exchanges.
As a miner with operations spanning ore extraction to refined copper, Hindustan Copper tends to move in tandem with the underlying commodity.
Strong year so far for metals, copper leads gains
So far in 2025, Hindustan Copper has surged about 89%, making it the biggest gainer on the metals index, which is up roughly 24% during the same period.
Copper prices hit record levels in Shanghai and extended gains in New York, as markets priced in tighter global supplies expected in 2026. A weaker US dollar has also added support. On Friday, copper rose to around 98,780 yuan a tonne on the Shanghai Futures Exchange, while Comex contracts climbed to about $5.74 a pound, the highest since the short squeeze seen in July.
Expectations of a potential interest rate cut by the US Federal Reserve next year have further supported the metal. Lower borrowing costs typically lift construction and manufacturing activity, key demand drivers for copper.
Metals have rallied strongly in December, capping a volatile year marked by trade disruptions, geopolitical risks, and supply challenges. Looking ahead, copper is widely seen as a major beneficiary of the global energy transition, with prices in New York already up more than 42% this year.
Looking ahead, Anand Rathi Wealth analysis expects Hindustan Copper to see a sharp improvement in operating performance as capacity expansion gathers pace. Ore production is projected to rise to over 12 million tonnes by FY31 from about 3.5 million tonnes in FY25. This is supported by operations resuming at key mines and a steady ramp-up of flagship assets. With underground mining expected to improve copper grades over the next few years, revenues and profitability are forecast to grow at a strong compound rate through the end of the decade. Analysts also note that most of the planned expansion is likely to be funded through internal accruals, reducing balance sheet risk even as capital expenditure increases, according to Anand Rathi Research