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Time of India
14-07-2025
- Business
- Time of India
India's new copper import rules could trigger supply crunch, warns trade body
India's quality control order on copper cathodes is likely to reduce domestic availability due to "costly and unnecessary compliance burdens" on foreign suppliers, the Bombay Metal Exchange said. India, the world's second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were checks on substandard products in the country. The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government. "With domestic licensees unable or unwilling to supply the market and unreliable foreign alternatives, the downstream sector faces real and immediate shortages," the BME said. India's federal Ministry of Mines did not immediately respond to an email seeking comment. To meet the quality control rules, suppliers have to get a licence from the Bureau of Indian Standards , which oversees quality control in India. The quality controls have faced a legal challenge from trade bodies in India, including the BME and the Bombay Non-Ferrous Metals Association. The government has defended the quality control order in court against claims that it would lead to supply shortages and create a supply monopoly. The BME said all five domestic licensees use copper cathodes entirely for their own consumption. "As for foreign ... licensees, four of the 10 do not supply copper cathodes at all, offering only ingots or semi-finished forms," the BME said in a statement to Reuters. Among the 10 foreign suppliers who have secured certification under the new rules, seven are from Japan, two from Malaysia, and one from Austria, the Indian government said last month. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. The BME said there are growing indications the Japanese licensees will withdraw from the Indian market due to costly and unnecessary compliance burdens. Japanese trading house Marubeni, which was involved in the licensing process for six Japanese smelters, said: "No particular issues have arisen concerning supply to India." Copper is one of 30 minerals identified as critical by India in 2023, with domestic demand expected to double by 2030. Major domestic suppliers include Hindalco Industries and state-owned Hindustan Copper .
Reuters
14-07-2025
- Business
- Reuters
India's new copper cathode rule risks supply shortages, trade body says
NEW DELHI/TOKYO, July 14 (Reuters) - India's quality control order on copper cathodes is likely to reduce domestic availability due to "costly and unnecessary compliance burdens" on foreign suppliers, the Bombay Metal Exchange said. India, the world's second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were checks on substandard products in the country. The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government. "With domestic licensees unable or unwilling to supply the market and unreliable foreign alternatives, the downstream sector faces real and immediate shortages," the BME said. India's federal Ministry of Mines did not immediately respond to an email seeking comment. To meet the quality control rules, suppliers have to get a licence from the Bureau of Indian Standards, which oversees quality control in India. The quality controls have faced a legal challenge from trade bodies in India, including the BME and the Bombay Non-Ferrous Metals Association. The government has defended the quality control order in court against claims that it would lead to supply shortages and create a supply monopoly. The BME said all five domestic licensees use copper cathodes entirely for their own consumption. "As for foreign ... licensees, four of the 10 do not supply copper cathodes at all, offering only ingots or semi-finished forms," the BME said in a statement to Reuters. Among the 10 foreign suppliers who have secured certification under the new rules, seven are from Japan, two from Malaysia, and one from Austria, the Indian government said last month. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. The BME said there are growing indications the Japanese licensees will withdraw from the Indian market due to costly and unnecessary compliance burdens. Japanese trading house Marubeni, which was involved in the licensing process for six Japanese smelters, said: "No particular issues have arisen concerning supply to India." Copper is one of 30 minerals identified as critical by India in 2023, with domestic demand expected to double by 2030. Major domestic suppliers include Hindalco Industries ( opens new tab and state-owned Hindustan Copper ( opens new tab.
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Business Standard
14-07-2025
- Business
- Business Standard
India's new copper cathode rule risks supply shortages, says trade body
India's quality control order on copper cathodes is likely to reduce domestic availability due to "costly and unnecessary compliance burdens" on foreign suppliers, the Bombay Metal Exchange said. India, the world's second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were checks on substandard products in the country. The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government. "With domestic licensees unable or unwilling to supply the market and unreliable foreign alternatives, the downstream sector faces real and immediate shortages," the BME said. India's federal Ministry of Mines did not immediately respond to an email seeking comment. To meet the quality control rules, suppliers have to get a licence from the Bureau of Indian Standards, which oversees quality control in India. The quality controls have faced a legal challenge from trade bodies in India, including the BME and the Bombay Non-Ferrous Metals Association. The government has defended the quality control order in court against claims that it would lead to supply shortages and create a supply monopoly. The BME said all five domestic licensees use copper cathodes entirely for their own consumption. "As for foreign ... licensees, four of the 10 do not supply copper cathodes at all, offering only ingots or semi-finished forms," the BME said in a statement to Reuters. Among the 10 foreign suppliers who have secured certification under the new rules, seven are from Japan, two from Malaysia, and one from Austria, the Indian government said last month. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. The BME said there are growing indications the Japanese licensees will withdraw from the Indian market due to costly and unnecessary compliance burdens. Japanese trading house Marubeni, which was involved in the licensing process for six Japanese smelters, said: "No particular issues have arisen concerning supply to India." Copper is one of 30 minerals identified as critical by India in 2023, with domestic demand expected to double by 2030. Major domestic suppliers include Hindalco Industries and state-owned Hindustan Copper. (Reporting by Neha Arora in New Delhi and Katya Golubkova in Tokyo; Editing by Mayank Bhardwaj and Jane Merriman)
Time of India
14-07-2025
- Business
- Time of India
India's new copper import rules could trigger supply crunch, warns trade body
India's quality control order on copper cathodes is likely to reduce domestic availability due to "costly and unnecessary compliance burdens" on foreign suppliers, the Bombay Metal Exchange said. India, the world's second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were checks on substandard products in the country. The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government. "With domestic licensees unable or unwilling to supply the market and unreliable foreign alternatives, the downstream sector faces real and immediate shortages," the BME said. India's federal Ministry of Mines did not immediately respond to an email seeking comment. Live Events To meet the quality control rules, suppliers have to get a licence from the Bureau of Indian Standards , which oversees quality control in India. The quality controls have faced a legal challenge from trade bodies in India, including the BME and the Bombay Non-Ferrous Metals Association. The government has defended the quality control order in court against claims that it would lead to supply shortages and create a supply monopoly. The BME said all five domestic licensees use copper cathodes entirely for their own consumption. "As for foreign ... licensees, four of the 10 do not supply copper cathodes at all, offering only ingots or semi-finished forms," the BME said in a statement to Reuters. Among the 10 foreign suppliers who have secured certification under the new rules, seven are from Japan, two from Malaysia, and one from Austria, the Indian government said last month. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. The BME said there are growing indications the Japanese licensees will withdraw from the Indian market due to costly and unnecessary compliance burdens. Japanese trading house Marubeni, which was involved in the licensing process for six Japanese smelters, said: "No particular issues have arisen concerning supply to India." Copper is one of 30 minerals identified as critical by India in 2023, with domestic demand expected to double by 2030. Major domestic suppliers include Hindalco Industries and state-owned Hindustan Copper .
Zawya
26-06-2025
- Business
- Zawya
India government asks court to reject challenge to copper import curbs
The Indian government has rejected a claim by trade bodies that its move to impose quality control curbs on copper cathode imports would lead to a monopoly, as 10 foreign suppliers have obtained certification, a legal document showed on Thursday. India, the world's second-largest importer of refined copper, is defending its quality control measures in court against accusations that it would lead to supply shortages and create a monopoly of three domestic suppliers. In an over 160-page reply to the petitions by the Bombay Metal Exchange (BME) and the Bombay Non-Ferrous Metals Association, the government says their concerns on supply constraints are "misconceived and unfounded". "The implementation of the QCO has not led to any monopolistic practices of price distortion," said India's Ministry of Mines, as it asked for the rejection of the trade associations' legal challenge. The Bombay Metal Exchange, the Bombay Non-Ferrous Metals Association and the federal Ministry of Mines did not immediately respond to Reuters' emails seeking comments. The reply seen by Reuters adds that the quality control order was a regulatory measure aimed to safeguard consumer interests and applies equally to all entities whether they are domestic or foreign. "Foreign suppliers are not being barred... The regulation aims to enhance product reliability and safety, not restrict competition," it added. Copper is one of 30 critical minerals identified by India in 2023 and demand within the country is expected to double by 2030. The domestic supply is dominated by Hindalco Industries , Vedanta, Adani and the state-owned Hindustan Copper . Imports in the country have surged since 2018 after the closure of Vedanta's domestic Sterlite Copper smelter. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. Among the 10 foreign suppliers who have secured the certification under the new rules, seven are from Japan, two from Malaysia and one from Austria, the Indian government's reply said. Bombay Metal Exchange President Sandeep Jain told Reuters last month that the trade body was "compelled to seek judicial intervention" as the government did not defer the implementation of the quality control orders, and the measure had led to supply shortages. (Reporting by Arpan Chaturvedi, editing by Ed Osmond)
