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