Hindustan Copper Limited has announced a significant change in its senior management structure with the departure of a key executive to another public sector enterprise.

Management Transition Details

Shri Anil Kumar Singh has ceased to be General Manager (M&C) at the Corporate Office of Hindustan Copper Limited, effective January 6, 2025. The cessation occurred following Singh's selection for the position of Director (Commercial) at National Aluminium Company Limited, marking a career advancement within the public sector metals industry.

Regulatory Compliance

The announcement has been made in strict compliance with regulatory requirements. Shri Singh was classified among the 'Senior Management' of HCL under Regulation 16(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This classification necessitated the formal disclosure to stock exchanges under Regulation 30 of the same SEBI regulations.

Corporate Communication

The disclosure was communicated to both major Indian stock exchanges through an official letter dated January 6, 2025. The communication was addressed to BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market notification. The letter was digitally signed by Mritunjay Kumar Dev, Company Secretary and Compliance Officer of Hindustan Copper Limited.

Company Information

Hindustan Copper Limited, a Government of India enterprise, operates from its registered and head office at Tamra Bhavan, Kolkata. The company trades on BSE with scrip code 513599 and on NSE under the symbol HINDCOPPER. As a public sector undertaking in the non-ferrous metals sector, the company maintains strict adherence to regulatory disclosure requirements for senior management changes.

Hindustan Copper shares experienced a significant rally on January 6, surging 4% to reach a fresh 52-week high of ₹574.00. This surge coincided with global copper prices scaling new peaks, creating a positive momentum for the mining company's stock performance.

Stock Performance and Market Movement

The company's shares have demonstrated strong performance in early 2026, with the stock gaining 11% year-to-date. Notably, Hindustan Copper has posted gains in all four trading sessions of the year, reflecting sustained investor confidence.

Global Copper Price Surge

Benchmark copper prices on the London Metal Exchange (LME) surged as much as 4.4% to $13,000.00 per metric ton on January 6. This represents the latest in a series of significant price increases that have lifted copper more than 20% since mid-November.

The rally has been primarily driven by a scramble to ship copper into the US market. The looming threat of import tariffs under President Donald Trump has pushed US copper prices to trade at a sustained premium to LME prices, creating an arbitrage opportunity that has intensified trading activity.

Market Dynamics and Demand Drivers

The current copper price surge reflects multiple underlying factors beyond tariff concerns. Copper plays a critical role across key growth themes, including:

• Data center infrastructure development
• Electric vehicle battery production
• Grid and power infrastructure expansion
• Strategic sectors such as AI and defense

This arbitrage situation has raised concerns about potential copper shortages in other parts of the world, further emboldening bullish investors who were already positive on the metal's long-term prospects.

Goldman Sachs Price Outlook

Goldman Sachs has provided a measured outlook for copper prices, expecting the LME copper price to remain within a range of $10,000.00-$11,000.00. The investment bank forecasts strong global demand growth from grid and power infrastructure, backed by investment in strategic sectors, will prevent prices from falling below $10,000.00.

The international brokerage noted that while the global copper market has been in surplus this year, a combination of limited growth in mine supply and rising structural demand from power infrastructure should create better balance between supply and demand.

Potential Tariff Impact

One significant factor that could influence London copper market demand is the potential implementation of US tariffs on refined copper imports. The US commerce secretary is expected to make a recommendation on copper tariffs to the White House by June 2026, with Goldman Sachs Research's base case anticipating a refined copper tariff of at least 25% to be implemented shortly after the recommendation.