India’s Copper Surge: 9.3% Demand Spike in FY25 Sparks Call for Strategic Reserves

Image Source: The Tribune

India’s copper demand rose by 9.3% in FY25, reaching 1,878 kilotonnes, driven by infrastructure, renewable energy, and electric mobility growth. The International Copper Association India (ICA India) urges the government to establish strategic copper reserves to safeguard supply chains amid rising consumption and global market volatility.

Copper Powers India’s Growth: ICA Pushes for Strategic Stockpiles Amid FY25 Demand Boom

India’s industrial momentum continues to accelerate, with copper demand rising 9.3% year-on-year in FY25, according to the International Copper Association India (ICA India). The country consumed 1,878 kilotonnes (kt) of copper, up from 1,718 kt in FY24, marking a significant uptick fueled by infrastructure expansion, clean energy adoption, and electric vehicle (EV) proliferation.

Key Highlights from ICA India’s Copper Demand Report:

Sector-Wise Growth Drivers

Infrastructure demand surged by 17%, led by roads, railways, and logistics hubs.

Building construction grew 11%, supported by residential and commercial projects.

Renewable energy saw one of the highest annual capacity additions, boosting copper usage in solar and wind installations.

Consumer durables demand rose 19%, driven by strong sales of air conditioners, refrigerators, and washing machines.

EV and Data Center Boom

The electric mobility sector and data center expansion contributed significantly to copper consumption.

Copper’s role in battery systems, wiring, and cooling infrastructure makes it indispensable in these emerging technologies.

Decline in Imports, Rise in Domestic Production

India reduced its reliance on copper imports, with domestic production increasing to meet demand.

This shift reflects a strategic pivot toward self-reliance in critical industrial materials.

ICA’s Call for Strategic Reserves

ICA India recommends the creation of government-backed copper reserves, similar to strategic oil stockpiles.

This would buffer against global supply disruptions, price volatility, and geopolitical risks.

Policy Implications

The report urges policymakers to prioritize copper in national resource planning, especially as India targets net-zero emissions and digital infrastructure growth.

It also highlights the need for recycling infrastructure and circular economy models to sustain long-term supply.

India’s copper trajectory underscores its role as a cornerstone of industrial and green growth. With demand set to rise further, strategic planning and resource security will be key to maintaining momentum.

Sources: Republic World, Outlook Business, Business Standard

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