Hindustan Copper Partners with Chile’s CODELCO to Supercharge Copper Output by 2030

In a landmark move aimed at strengthening India’s mineral self-reliance and global competitiveness, Hindustan Copper Ltd. (HCL) has signed a strategic cooperation agreement with CODELCO, the world’s largest copper producer based in Chile. The goal: to ramp up HCL’s copper ore production capacity to 12 million tonnes per annum (MTPA) by 2030, a substantial increase from its current levels.

As reported by NDTV Profit, the agreement marks a significant milestone in India’s pursuit of critical mineral security. The collaboration will include technical expertise sharing, geological exploration, mine planning, and advanced technology adoption, helping Hindustan Copper to scale its output and modernize its operations.

“CODELCO’s deep expertise in copper mining and processing will support HCL in accelerating its production goals,” NDTV Profit quoted company officials as saying.

The partnership is strategically aligned with India’s growing demand for copper, which is essential for renewable energy systems, electric vehicles, and infrastructure development. With global supply chains under stress and mineral nationalism on the rise, India’s alliance with a global mining powerhouse like CODELCO is a bold step toward resource security.

This collaboration comes at a time when India is ramping up its efforts to become a global manufacturing hub for green technologies, where copper is a key enabler. The government’s focus on “Atmanirbhar Bharat” (self-reliant India) also underlines the importance of building domestic capacities in critical sectors.

By leveraging CODELCO’s decades of experience, HCL hopes not only to expand its mining capacity but also to enhance efficiency, safety, and sustainability across its operations.

If successful, the partnership could transform HCL into a major global player in copper production—solidifying India’s position in the rapidly evolving energy and industrial landscape.