Hindustan Copper is planning to sell copper concentrate sourced from Chile to Indian companies Hindalco and Adani, according to two sources familiar with the discussions, reported Reuters. The concentrate is expected to come from mines that Hindustan Copper is acquiring from Chilean state miner Codelco. Hindustan Copper, NTPC Mining and Coal India are discussing the acquisition of Codelco’s four copper mining blocks. In May 2026, Hindustan Copper entered into a non-disclosure agreement with Codelco and appointed an advisor for the potential deal. The government has projected that India may need to import up to 97% of its copper concentrate requirements by 2047.