Adani and Hindalco Expand India-Peru Copper Investment Opportunities
India-Peru copper investment gains momentum as Adani and Hindalco Industries pursue Peruvian mining assets. Both companies explore stakes in existing mines and potential joint ventures (JV) to strengthen copper supply chains. Peru, the world’s third-largest copper producer, produced around 2.7 million tonnes in 2024 and attracted nearly $5 billion in sector investment. The move aligns with India’s goal to secure copper amid rising domestic demand and potential global supply constraints.
The Indian Government urges local miners to invest abroad, as outlined in the Copper Vision Document 2025. India may need to source 91–97% of its copper concentrate from overseas by 2047. Peru’s Ambassador to India, Javier Paulinich, confirmed that Adani and Hindalco are in early-stage discussions to identify strategic opportunities. The government also seeks to lock in copper supply through ongoing free trade negotiations with Peru.
Both companies aim to supply domestic and industrial demand. Adani plans to source copper concentrates from Peru, Chile, and Australia for its $1.2 billion smelter, the world’s largest single-site plant. Meanwhile, India’s copper imports rose 4% to 1.2 million tonnes in FY 2025, with projections reaching 3–3.3 million tonnes by 2030 and 8.9–9.8 million tonnes by 2047. Securing Peruvian copper supports India’s long-term industrial strategy and energy infrastructure growth.
Strategic Implications of India-Peru Copper Investments
The India-Peru copper initiative strengthens bilateral trade ties and reduces geopolitical risks in supply chains. Adani and Hindalco’s early-stage investments signal growing interest in Latin America’s copper-rich regions. Peru actively encourages foreign investment, particularly from India, to support infrastructure development and stabilize its mining sector.
Securing copper from Peru also supports India’s renewable energy and electric vehicle ambitions, as copper is essential for power lines, EV batteries, and industrial manufacturing. By negotiating supply volumes in free trade agreements, India aims to ensure stable, long-term access to copper concentrates.
SuperMetalPrice Commentary:
India’s push into Peruvian copper marks a strategic effort to mitigate global supply risks while addressing surging domestic demand. Early-stage JV discussions reflect a calculated approach, balancing investment risk and long-term supply security. As demand for copper in power, construction, and EV sectors rises, partnerships with Peruvian producers may define India’s industrial competitiveness over the next two decades. Monitoring these deals will reveal whether India can stabilize supply chains without escalating costs in the global copper market.
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