Vedanta Completes Demerger, Copper Business to Operate as Independent Listed Company

Published: Jun 16, 2026 13:32
Vedanta has moved forward with its long-planned demerger, creating separate listed entities for copper, zinc, aluminum, oil and gas, and power businesses. The company said the restructuring will allow each unit to pursue independent growth and investment strategies. The move is expected to strengthen the development of India's copper industry.

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 for 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
US-Iran tensions ease, copper prices move sideways; end-user procurement recovers with low inventory support [SMM Copper Morning Meeting Minutes]
6 mins ago
US-Iran tensions ease, copper prices move sideways; end-user procurement recovers with low inventory support [SMM Copper Morning Meeting Minutes]
Read More
US-Iran tensions ease, copper prices move sideways; end-user procurement recovers with low inventory support [SMM Copper Morning Meeting Minutes]
US-Iran tensions ease, copper prices move sideways; end-user procurement recovers with low inventory support [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Summary: Last Friday night, LME copper opened at $13,638.5/mt, consolidated at lows initially before its center moved higher, then touched a high of $13,681.5/mt. Afterwards, the copper price center fluctuated lower, dipping to $13,605.5/mt near the session’s end, and finally settled at $13,611.5/mt, up 0.34%. Trading volume was 12,600 lots, open interest was 248,000 lots, an increase of 728 lots from the previous trading day, driven by bullish position-building. Last Friday night, the most-traded SHFE copper 2609 contract opened at 104,600 yuan/mt, dipped to 104,540 yuan/mt right at the start, then its center rose to touch a high of 104,310 yuan/mt, before moving lower to finally settle at 104,630 yuan/mt, down 0.1%. Trading volume was 25,000 lots, open interest was 207,000 lots, a decrease of 3,481 lots from the previous trading day, reflecting bullish position reduction.
6 mins ago
US-Iran Conflict De-escalates in Phases, Geopolitical Uncertainty Still Roils Copper Prices [SMM Copper Morning Comment]
15 mins ago
US-Iran Conflict De-escalates in Phases, Geopolitical Uncertainty Still Roils Copper Prices [SMM Copper Morning Comment]
Read More
US-Iran Conflict De-escalates in Phases, Geopolitical Uncertainty Still Roils Copper Prices [SMM Copper Morning Comment]
US-Iran Conflict De-escalates in Phases, Geopolitical Uncertainty Still Roils Copper Prices [SMM Copper Morning Comment]
15 mins ago
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
14 hours ago
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
Read More
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
During the week of July 20-23, the copper scrap market operated under a threefold backdrop: low copper cathode inventory and high premiums, continued compliance restrictions from reverse invoicing, and a deepening high-temperature off-season. The SHFE copper closing price at 11:30 surged from 104,180 yuan/mt to 106,340 yuan/mt, then pulled back slightly to 106,170 yuan/mt by the end of the week
14 hours ago
Vedanta has moved forward with its long-planned demerger, creating sep - Shanghai Metals Market (SMM)