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LME approves Adani’s major copper smelter in India as listed brand

by theadvisertimes.com
5 hours ago
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LME approves Adani’s major copper smelter in India as listed brand
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The London Metal ​Exchange has approved ​the Adani Copper brand for ​delivery against its copper contracts, the exchange said on Friday.

Warrants for the ‌brand can ⁠be ⁠issued from July 10, although the ​LME-registered warehouses holding Adani Copper metal must include ​the brand in their off-warrant stock reports with immediate effect, the LME ​added.

The brand ⁠is produced ‌by Adani Enterprises-owned Kutch ​Copper, one ​of India’s largest copper ⁠smelters, with annual production capacity of ​500,000 metric tons. The company applied ​for LME registration in August 2025.According to Adani, this $1.2 billion Kutch Copper facility in the western state of Gujarat ‌is the world’s biggest single-location plant of its type, expected ​to ​reduce India’s reliance ⁠on imported copper.India imported 238,080 tons of refined copper in 2025, down ​18% from a year earlier, according to Trade Data Monitor data, with Japan remaining the country’s largest supplier. (Reporting by Polina Devitt; Editing by Louise Heavens)



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