The total resources of copper ore as of a couple of years back in India are estimated at 1.5Billion Tonnes. The largest resources of copper ore are in the state of Rajasthan (53.5%) followed by Jharkhand (19.6%). The copper industry in India accounts for 3% of the world copper market.
Hindustan Copper Limited (HCL), a Public-Sector Undertaking, is the only integrated company in the country that is involved in copper production in the country. In the domestic market, growth in copper consumption was strong at 8% during the last fiscal. India’s copper market has huge potential for growth, given that its per capita consumption is significantly lower than the world average at 0.6kg and is expected to increase to 3kg by the year 2025.
India is not self-sufficient in the production of copper ore. In addition to domestic production of ore and concentrates, India imports copper concentrates for its smelters. Although India is among the top-10 exporters for refined copper, it imports 94% of the concentrate to feed its smelters.