Lloyds Metals Begins Copper Production; Shares Up 0.11%

Mumbai, March 16: Lloyds Metals & Energy Ltd has commenced commercial production of copper cathodes from its 12,000 tonnes per annum SX-EW processing plant located in the Katanga Copper Belt in the Democratic Republic of Congo.

The company disclosed the development in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project is being executed through the company’s subsidiary operating in the region.

According to the company release, the first copper cathodes have already been produced from the facility, confirming operational readiness and marking the formal start of commercial operations at the plant.

Lloyds Metals said the milestone represents its entry into the global copper value chain, positioning the company to participate in growing demand for copper linked to electrification, renewable energy infrastructure and electric mobility.

Share Price Movement

Lloyds Metals share price traded marginally higher following the disclosure. As of 11:26 IST on March 16, 2026, the stock was at ₹1,142.00 on the NSE, up 0.11% from the previous close of ₹1,140.80, according to exchange data.

The Lloyds Metals & Energy share price opened at ₹1,149.00 during the session and moved within a range of ₹1,157.00 to ₹1,123.30 so far in trade.

Market capitalisation stood near ₹62,180 crore at the time of writing. The stock has a 52-week high of ₹1,612.00 and a 52-week low of ₹1,015.00.

Mining Platform And Production Capacity

The Congo copper platform includes mining and processing infrastructure with significant resource exposure in the Katanga Copper Belt. Lloyds Metals holds a 50% interest in the operating platform.

As per the company release, the platform includes 16 mining licences covering roughly 100 square kilometres in the region along with high grade oxide copper deposits suitable for solvent extraction and electrowinning processing.

The operational SX-EW plant currently has a designed capacity of 12,000 tonnes per annum of copper cathodes.

Expansion Outlook

The company indicated that production from the facility will gradually ramp up as ore supply stabilises from the mining licences attached to the project.

Estimated production guidance indicates output of approximately 10,000 to 12,000 tonnes of copper cathodes during CY2026, rising to around 15,000 tonnes in CY2027.

Over the medium term, the platform has a planned expansion pathway that could scale capacity toward 30,000 tonnes per annum, supported by captive ore supply and existing infrastructure at the site.

Company Background

Lloyds Metals & Energy Ltd is an Indian mining and metals company with core operations in iron ore mining and pellet production in India. The company has expanded its presence into international mineral assets through strategic investments.

The Congo copper project represents a diversification into critical minerals, with the company seeking to build an integrated presence in the global copper supply chain alongside its existing ferrous metals portfolio.

Conclusion

The commencement of commercial copper cathode production marks a strategic milestone for Lloyds Metals as it enters the non-ferrous metals segment. The company said the project combines established mining licences, processing infrastructure and expansion capacity aimed at long term participation in global copper demand growth.

Source: https://nsearchives.nseindia.com/corporate/LLOYDSME_16032026085803_20260315_Intimation_of_Commissioning_of_Copper_Production.pdf