The report highlights the growth of sectors that are the primary drivers of copper demand in India, with the building construction and infrastructure sectors registering growth of 11% and 17% respectively.
It also noted that the renewable energy sector recorded the highest annual capacity growth in the last financial year, while “the consumer durables sector witnessed a 19% growth due to strong sales of air conditioners, fans, refrigerators and washing machines.”
“Policies aimed at promoting renewable energy, sustainable mobility and infrastructure development have boosted demand for copper, emphasizing its role as a critical resource for the country’s development,” said Mayur Karmarkar, managing director of the International Copper Association India.
Karmarkar also said India needs to build up copper reserves to strengthen the domestic supply chain “to ensure future growth and resilience”.
The share of secondary (direct melt) copper in copper production increased by 19%, meeting 42% of total copper demand in FY20, up from 38.4% in FY24. “India produced 504 kt of life and process copper and alloy scrap, supported by 214 kt of imported copper and alloy scrap in FY2025, reflecting the sector’s growing emphasis on circular economy principles,” the report said.
