LME approves Adani's major copper smelter in India as listed brand

ReutersLast Updated: Jul 03, 2026, 09:58:00 PM IST

Synopsis

The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper unit in Gujarat, the facility has 500,000-tonne capacity. The move may boost India’s copper self-reliance and reduce import dependence amid steady domestic demand.

The London Metal ​Exchange has approved ​the Adani Copper brand for ​delivery against its copper contracts, the exchange said on Friday.

Warrants for the ‌brand can ⁠be ⁠issued from July 10, although the ​LME-registered warehouses holding Adani Copper metal must include ​the brand in their off-warrant stock reports with immediate effect, the LME ​added.

The brand ⁠is produced ‌by Adani Enterprises-owned Kutch ​Copper, one ​of India's largest copper ⁠smelters, with annual production capacity of ​500,000 metric tons. The company applied ​for LME registration in August 2025.

According to Adani, this $1.2 billion Kutch Copper facility in the western state of Gujarat ‌is the world's biggest single-location plant of its type, expected ​to ​reduce India's reliance ⁠on imported copper.

India imported 238,080 tons of refined copper in 2025, down ​18% from a year earlier, according to Trade Data Monitor data, with Japan remaining the country's largest supplier. (Reporting by Polina Devitt; Editing by Louise Heavens)

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