Hindustan Copper Codelco JV Talks
Analysis based on 19 articles · First reported Aug 10, 2026 · Last updated Aug 18, 2026
The potential joint venture and supply agreements could secure copper concentrate supply for Indian producers, reducing import dependence and supporting domestic smelting operations. This may positively impact Hindustan Copper Limited, Hindalco, and Adani, while strengthening India-Chile trade ties.
State-run Hindustan Copper Limited plans to sell copper concentrate from mines it is acquiring from Chile's Codelco to Hindalco and Adani, aiming to meet India's growing demand for copper. It is also in talks to form a joint venture with Codelco to mine and sell copper, according to sources. Hindustan Copper Limited, along with Coal India and NTPC Limited — NTPC Mining, is discussing securing four copper mining blocks from Codelco. The company has signed a preliminary agreement and a non-disclosure agreement with Codelco, and due diligence is ongoing. A technical team visited Chile earlier this year, but mining is expected to begin within a decade. India, the world's second-biggest refined copper importer, may need to import 91-97% of its copper concentrates by 2047. India plans to include a copper chapter in free trade pact talks with Chile.
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