Copper prices hit record highs on the LME, driven by expectations of wider US tariffs and tighter global availability. Supply concerns, declining mine output and strong demand from data centres, renewables and power grids supported the rally, while Hindustan Copper shares surged
The government’s two-day Offer-for-Sale for up to 6 per cent stake in Hindustan Copper began on Tuesday, targeting proceeds of around Rs 3,000 crore. Institutional bidding opened first, while retail investors can participate on Wednesday at a discounted floor price
State-owned UCIL will establish a recovery plant in Jharkhand to extract uranium from Hindustan Copper tailings, boosting India’s domestic uranium supply for nuclear energy and defence. The partnership also aims to convert mining waste into a strategic resource with environmental and economic benefits
