Hindustan Copper Shares Soar 19% on MP Copper Block Win, Strong Copper Rally

• Hindustan Copper shares surged 19% in two days after becoming the preferred bidder for the Baghwari-Khirkhori Copper block in Madhya Pradesh.
• The company announced on January 24 that it submitted the highest final price offer in the state government's e-auction for the mining lease.
• The stock gained over 13% on January 28, extending its rally, and is up 26% in 2026 so far.
• The surge is also fueled by a broader rally in copper prices, with the red metal gaining 60% in 2025 and futures nearing all-time highs.
• Copper's strong long-term fundamentals, falling dollar, and supply constraints contribute to the price rally.

Why It Matters: Hindustan Copper shares rallied significantly due to a new copper block win and rising global copper prices.