Daily trending news …
Copper prices hit record highs in 2025 due to supply shortages and demand from AI, renewables, and EVs, prompting questions about launching India’s first copper-focused ETF. While MCX copper futures delivered over 60% returns last year, retail access remains limited to derivatives or stocks like Hindustan Copper, with experts viewing an ETF as a diversification tool despite volatility risks.
Copper price strength reflects supply constraints, expanding demand from AI data centres and electric vehicles, and optimistic forecasts from Goldman Sachs. Analysts expect continued gains into 2026 and beyond, with long-term potential supported by green energy demand and production challenges.
Gautam Adani’s newly built USD 1.2 billion copper smelter in Gujarat is running well below capacity due to a global shortage of raw ore. Kutch Copper Ltd. has imported less than 10% of the needed materials, struggling with mine disruptions and competition from China’s growing smelting industry.
