INDIAN COPPER INDUSTRY AT A GLANCE IN 2020 - 2021 Hindustan Copper Limited (HCL), a Public Sector Undertaking, is the only integrated Company in the country that is involved in mining, smelting, refining and casting of refined copper. Hindalco Industries Ltd and Vedanta Limited are the major copper producers in the Private Sector that rely on imported copper concentrates. These companies own copper mines in other countries Over 50% of the total refined copper production is being exported.
Copper consumption in India is growing at 10 per cent CAGR and the per capita copper consumption is likely to be doubled by the year 2026. The current per capita consumption stands at a low level of 0.5 kg compared to global and Chinese intake. India will become a market of 1.5 million megatonnes per annum by the year 2026. 45% of Indian copper concentrates are met by imports from duty paid non-FTA nations such as Australia and Peru.