As per The Economic Times report, Indian giants Adani Group and Hindalco Industries are actively exploring opportunities in Peru’s copper sector as the country negotiates a trade pact with India.  

This strategic interest aligns with India’s growing copper consumption and efforts to insulate its supply chains from global disruptions. 

India Moves to Secure Copper Supply with Peru Engagement 

India, the world’s second-largest importer of refined copper, is taking significant steps to bolster its future copper access. Adani Group and Hindalco have shown interest in Peru’s copper sector through joint ventures or by acquiring stakes in existing mines.  

Peru, currently the world’s 3rd-largest copper producer, delivered 2.7 million metric tons in 2024 and attracted $4.96 billion in foreign investment in the copper segment. 

Peru’s ambassador to India, Javier Paulinich, confirmed that these Indian companies are in early-stage talks seeking potential investment opportunities in the South American nation. 

Demand Surge Fuels Overseas Investment Push 

India’s copper demand is projected to rise drastically from 1.2 million metric tons in 2024–25 to 3–3.3 million tons by 2030, and further to 8.9–9.8 million tons by 2047.  

With domestic mines falling short, official estimates suggest that India may need to import up to 97% of its copper concentrate by 2047. 

The Adani Group, which is investing ₹10,000 crore in the world’s largest single-location copper smelter in Gujarat, also aims to source concentrates from Peru, Chile and Australia. 

Source: Angelone