Adani's Kutch Copper gets London Metal Exchange certification for Grade-A cathodes

Adani Enterprises Ltd's wholly-owned subsidiary, Kutch Copper Limited (KCL), has secured registration for its 'Adani Copper' Grade-A cathodes with the London Metal Exchange (LME), a move that places the company among globally recognised copper producers and enhances its access to international markets.

According to the company announcement on Tuesday, the LME approval enables Adani Copper cathodes to be delivered against LME Copper futures contracts, with warrants eligible for issuance from July 10. The registration validates KCL's manufacturing standards and responsible sourcing practices, while making its copper eligible for trading through the world's largest industrial metals exchange.

The certification comes as Adani expands its presence in the non-ferrous metals sector through its copper business at Mundra, Gujarat. The company operates a custom copper smelter with an annual production capacity of 0.5 million tonnes, making it one of the world's largest single-location custom copper smelting facilities.

Recognition expected to widen global acceptance

Dr. Vinay Prakash, CEO of Natural Resources at Adani Enterprises and Managing Director of Kutch Copper Limited, said, "Copper is the backbone of the global energy transition. Achieving LME brand status places Adani among the world's leading copper producers and strengthens India's role in building a resilient, responsible supply chain for this vital metal."

"Kutch Copper's world-class infrastructure and ESG standards make this recognition both timely and well deserved. It will enhance the global acceptance of Adani Copper. Apart from reinforcing India's growing stature in the international metals industry, the registration is a landmark step towards self-reliance in refined copper," he added.

An LME brand registration requires producers to meet stringent quality specifications covering chemical composition, shape and weight, along with compliance with responsible sourcing norms. LME-listed cathodes can be stored in approved warehouses and used as collateral, improving financing flexibility and international tradability.

For the exchange, the inclusion of Adani Copper expands the pool of deliverable brands and adds production from a major new manufacturing hub, improving liquidity and geographic diversity in the global copper market.

The company said its $1.2 billion Mundra copper facility is expected to strengthen domestic refined copper availability, reduce India's dependence on imports and support sectors such as renewable energy, electrification and clean energy transition, where copper demand is expected to rise sharply in the coming years.