Ahmedabad: Kutch Copper Ltd (KCL), a wholly owned subsidiary of Adani Enterprises Ltd, has secured registration for its ‘Adani Copper’ Grade-A cathodes with the London Metal Exchange (LME), allowing the product to be delivered against LME copper futures contracts. Warrants for the brand will be eligible for issuance from July 10.The registration places Adani Copper among LME-approved brands, enabling wider acceptance in international markets and access to the exchange’s delivery network.KCL said the certification followed the LME’s assessment of product quality and responsible sourcing standards. LME registration also allows eligible cathodes to be stored in approved warehouses and used in financing transactions where LME warrants are accepted as collateral.“The registration strengthens the global acceptance of Adani Copper and reinforces India’s position in the international metals industry,” said Dr Vinay Prakash, chief executive of natural resources at Adani Enterprises and managing director of Kutch Copper.The company operates a copper smelter at Mundra with an annual production capacity of 0.5 million tonnes, which it describes as one of the world’s largest single-location custom copper smelters. The $1.2 billion facility produces Grade-A copper cathodes and other value-added products for domestic and export markets.The company said the project would help expand domestic refined copper production and reduce dependence on imports as demand rises from sectors such as renewable energy, electric vehicles, and power infrastructure.
