With reference to the global copper market and its impact on Indian manufacturing, consider the following statements: 1. The International Copper Study Group reported a 1.1% decline in global mine output during H1. 2. Major producers like Codelco and Freeport-McMoRan Inc. reported a single-digit drop in production. 3. The market selloff in Indian cable manufacturing companies reached a value of Rs 21,500 crore. Which of the statements given above is/are correct?

Copper Crisis Deepens: Big Producers Slump, Triggering Rs 21,500 Crore Market Selloff

GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims· 8 September 2026

Supply chain disruptions and mineral scarcity: a GS3 case study on manufacturing costs and market volatility.

Why in news

The International Copper Study Group reported a decline in global mine output, leading to a Rs 21,500 crore market selloff in Indian cable manufacturing companies.

Background

Global mine output declined by 1.1% in H1 according to the International Copper Study Group. Major producers Codelco and Freeport-McMoRan Inc. reported double-digit drops in production.

Facts for Prelims

FactGlobal mine output declined by 1.1% in H1
BodyInternational Copper Study Group: body providing global copper production data
FactMarket selloff of Rs 21,500 crore in listed cable makers
PostCodelco and Freeport-McMoRan Inc.: major global copper producers

Prelims practice question

With reference to the global copper market and its impact on Indian manufacturing, consider the following statements:

The International Copper Study Group reported a 1.1% decline in global mine output during H1.
Major producers like Codelco and Freeport-McMoRan Inc. reported a single-digit drop in production.
The market selloff in Indian cable manufacturing companies reached a value of Rs 21,500 crore.

Which of the statements given above is/are correct?

(a)1 only
(b)2 only
(c)1 and 2 only
(d)1 and 3 only

Show answer

Answer: (d) 1 and 3 only — Statements 1 and 3 are correct. Statement 2 is incorrect: They reported double-digit drops in production.

For Mains

Q. Analyze the impact of global mineral supply chain disruptions on India's manufacturing sector and the transition to green energy infrastructure.

Dimensions to cover in your answer

Input cost volatility: Rising copper prices impacting margins of domestic cable and electrical manufacturing
Supply chain vulnerability: High dependence on global mining output for critical industrial minerals
Market sentiment: Correlation between raw material scarcity and equity valuation in manufacturing stocks

Keywords: Supply chain disruption · Market volatility · Industrial minerals · Manufacturing costs · Resource scarcity

Read the full news →Source: Economic Times ↗Also: GS3 · Nuclear & new energy technology Also: GS1 · Distribution of natural resources

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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.