India's copper demand grew by 9.3 % to 1,878 kilo tonnes (KT) in FY25 due to robust economic progress and increasing adoption of the metal across critical sectors, a report released on Wednesday said.
The International Copper Association India (ICA India) released its copper demand report for FY2025. The country's copper demand was 1,718 kilo tonne in FY24.
India's continued emphasis on large-scale infrastructure projects, building construction, clean energy transition and emerging technologies has accelerated demand for key industrial materials, with copper emerging as a critical enabler across these sectors, the report said.
The building construction and infrastructure segments remained primary growth drivers registering 11 % and 17% year-on-year growth respectively.
The renewable energy sector achieved one of the highest annual capacity additions in FY2025, while the consumer durables sector saw a 19% increase, driven by strong sales of air conditioners, fans, refrigerators and washing machines.
"India's copper demand trajectory mirrors the country's economic and industrial momentum. Policies aimed at promoting renewable energy, sustainable mobility, and infrastructure development have fuelled copper demand, emphasizing its role as a critical resource for the nation's growth.
"However, it is important to ask: Is the current pace of copper demand growth sufficient to meet the nation's long-term Developed India (Viksit Bharat) @2047 agenda?," Mayur Karmarkar, Managing Director, ICA India said.
To ensure future growth and resilience, India must proactively plan for building functional copper reserves and strengthening domestic supply chains. India must accelerate its copper adoption to build its in-use functional reserves or above-ground mines until the country reaches developed economy status, he said.
