India’s Copper Demand Surges While Supply Struggles to Keep Up

Published: Feb 4, 2026 10:19

Save

India’s copper demand rose sharply (~9.3% in FY25) while domestic supply lagged, underscoring strategic vulnerability and the need for diversified sourcing, including imports and recycled copper inputs.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

49 mins ago

Traders actively replenished inventory, stimulating a rise in premiums. Trading activity today was better than yesterday. [SMM South China Spot Copper]

49 mins ago

55 mins ago

Copper Prices Rebound Amid Dual Decline in Supply and Demand, Market Activity Cools Down [SMM North China Spot Copper]

Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 420–300 yuan/mt, with an average discount of 360 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices ranged from 103,530 to 104,760 yuan/mt, with an average of 104,145 yuan/mt, up 3,075 yuan/mt from the previous trading day.

55 mins ago

1 hour ago

China Southern Power Grid Aims for 180B Yuan Investment, Boosting Economic Growth and Innovation

According to Polaris Power Grid, in the first year of the 15th Five-Year Plan, as a main force for stabilizing growth and expanding investment, China Southern Power Grid Company, with the mission and responsibility of being "an economic force directly commanded by the Central Committee," has anchored the goal of achieving 180 billion yuan in fixed-asset investment for the full year. It is driving the acceleration of major project construction, improving the efficiency of distribution network upgrades, and enhancing industrial innovation with full vigor, injecting strong momentum into the high-quality development of the economy and society through the "stability" and "progress" of the power grid.

1 hour ago