Industry Newscopperdata centershindustan copperindustrial metals
Hindustan Copper Shares Slip Amid Copper Rally
8.0
Shares of Hindustan Copper fell up to 2% on December 15 to an intraday low of Rs 375 after profit-taking following a 7% jump on Friday. Copper prices have risen about 35% year-to-date to near $12,000 per metric tonne, driven by mining disruptions, US stockpiling, and strong demand from data centers powering AI. Goldman Sachs forecasts LME copper at $10,000–$11,000 in 2026.
Key Points
- 1Reports Hindustan Copper shares fell about 2% intraday after prior 7% jump to Rs375.
- 2Attributes copper's record surge (~35% YTD, near $12,000/mt) to mining disruptions and US stockpiling.
- 3Warns Goldman Sachs sees 2026 LME copper $10,000-$11,000, implying sustained infrastructure-driven demand.
Scoring Rationale
Actionable, industry-wide forecast from Goldman Sachs drives score; limited novelty since it's a market update rather than breakthrough.
Sources
Public references used for this report.
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