The London Metal Exchange has approved Adani Copper for delivery against its contracts. Warrants can be issued from July 10 onward. The copper comes from Adani Enterprises’ Kutch Copper unit in Gujarat.
The approval covers output from the facility, which has an annual capacity of 500,000 tonnes. Adani Enterprises operates the smelter in the western Indian state of Gujarat.
The move allows the material to be used in LME contracts, giving traders access to a new listed brand. It comes at a time of steady demand for copper in India.
Officials at the exchange confirmed that warrant issuance will begin on July 10. The development is expected to support greater domestic production and lower reliance on imported copper.