StockWatch
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Trading - Minerals
Business Update7 Jul 2026, 12:26 pm

Adani Copper Gets LME Brand Registration for Grade-A Cathodes

AI Summary

Adani Enterprises' wholly-owned subsidiary, Kutch Copper Limited (KCL), has achieved London Metal Exchange (LME) brand registration for its 'Adani Copper' Grade-A cathodes. This LME approval makes Adani Copper eligible for delivery against LME Copper futures contracts, with warrants issuable from July 10, 2026. The certification validates KCL's manufacturing excellence and responsible sourcing practices against global benchmarks. KCL operates one of the world's largest single-location custom copper smelters at Mundra with a capacity of 0.5 million tonnes per annum. This milestone is expected to reduce India's reliance on imported copper and strengthen its position in the global copper supply chain. The USD 1.2 billion facility is designed with state-of-the-art technology and sustainability principles.

Key Highlights

  • Kutch Copper Limited's 'Adani Copper' is now an LME-registered brand.
  • Eligible for delivery against LME Copper futures contracts from July 10, 2026.
  • Validates manufacturing excellence and responsible sourcing against global standards.
  • Strengthens India's role in the global copper supply chain.
  • Reduces India's dependence on imported copper.