Intimation of Release dated 16th March, 2026
LLOYDSME · price
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On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 4.2 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lloyds Metals & Energy has started commercial production of copper cathodes at its 12,000 tonnes-per-annum (TPA) processing plant in the Katanga Copper Belt, Democratic Republic of Congo (DRC), through a subsidiary in which it holds a 50% stake. The facility uses SX-EW technology on high-grade oxide copper ore and is backed by 16 mining licences covering about 100 sq. km. The company estimates production of roughly 10,000-12,000 tonnes in CY2026 and about 15,000 tonnes in CY2027, with a medium-term expansion pathway toward 30,000 TPA. This marks Lloyds Metals' entry into the global copper value chain, diversifying beyond its existing metals portfolio.
This is a positive strategic milestone that adds a new revenue stream tied to global copper demand from electrification and EVs, though actual contribution will depend on ramp-up execution at the DRC plant. Shareholders should monitor production volumes versus the stated guidance and any updates on the 50% subsidiary's consolidation treatment.