India’s Hindustan Copper Eyes Strategic Partnership With Codelco To Tap Chile’s Untapped Deposits

Codelco is in advanced discussions with Hindustan Copper Ltd to establish a joint venture in Chile. The move reflects India’s growing push to secure critical minerals abroad, amid rising demand for copper in infrastructure, renewable energy, and electric vehicles.

Strategic Context

The talks come as global copper demand surges, driven by clean energy transitions and industrial growth. For India, partnering with Codelco—the world’s largest copper producer—offers a strategic opportunity to diversify supply sources and reduce reliance on imports.

Investment Outlook

Sources suggest the joint venture could involve investments exceeding $1 billion, with Hindustan Copper contributing capital while Codelco provides access to undeveloped deposits. This collaboration would mark a significant milestone in India’s overseas resource acquisition strategy.

Key highlights

• Codelco in talks with Hindustan Copper for Chile copper joint venture
• Potential investment exceeding $1 billion
• Partnership to develop unexploited copper deposits in Chile
• Strategic move to secure India’s critical mineral supply chain
• Boost to global copper market amid clean energy demand

Sources: Bloomberg, Business Today, MoneyControl