London Metal Exchange approves Adani Copper for contracts

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.

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Ministers from India and the UK launching the Critical Minerals Observatory during a diplomatic meeting.
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India and UK launch Critical Minerals Observatory

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India and the United Kingdom launched the Critical Minerals Global Supply Chain Observatory on Thursday during a meeting between External Affairs Minister S Jaishankar and British Foreign Secretary Yvette Cooper. The ministers also advanced education and maritime security ties, including approvals for a UK university campus in Bengaluru.

The Indian government has approved the listing and disinvestment of Mahanadi Coalfields through an initial public offering. This step enables Coal India to dilute up to 25 percent of its stake in the subsidiary. The subsidiary may also raise fresh capital through multiple routes as part of broader public sector reforms.

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Taseko Mines has begun production of copper cathode at its Florence site in Arizona. The move shifts the company from a single-asset producer to a two-mine platform.

The copper price reached US$6.20 per pound on Monday at the London Metal Exchange, driven by supply restrictions stemming from the conflict in Iran. The figure approaches the record of US$6.28 set in January 2026 and marks a 9.34% rise so far this year.

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The Egyptian Exchange announced on Monday the launch of futures contracts on shares of Commercial International Bank and Talaat Moustafa Group Holding, with trading to begin on 18 June.

Deputy Minister Daniel Mas condemned Codelco's overestimation of nearly 27,000 tons of copper production in 2025. The internal audit revealed deviations at the Chuquicamata and Ministro Hales divisions.

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Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi agreed on Thursday to strengthen cooperation on critical minerals and semiconductors during talks in New Delhi.

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