diff --git a/src/bootstrap/src/core/build_steps/run.rs b/src/bootstrap/src/core/build_steps/run.rs
index 0bba441c3fa26..7b0b01910d0c4 100644
--- a/src/bootstrap/src/core/build_steps/run.rs
+++ b/src/bootstrap/src/core/build_steps/run.rs
@@ -5,7 +5,6 @@
 
 use std::path::PathBuf;
 
-use crate::Mode;
 use crate::core::build_steps::dist::distdir;
 use crate::core::build_steps::test;
 use crate::core::build_steps::tool::{self, SourceType, Tool};
@@ -14,6 +13,7 @@ use crate::core::builder::{Builder, Kind, RunConfig, ShouldRun, Step};
 use crate::core::config::TargetSelection;
 use crate::core::config::flags::get_completion;
 use crate::utils::exec::command;
+use crate::{Mode, t};
 
 #[derive(Debug, PartialOrd, Ord, Clone, Hash, PartialEq, Eq)]
 pub struct BuildManifest;
@@ -243,6 +243,7 @@ impl Step for GenerateCopyright {
         cmd.env("SRC_DIR", &builder.src);
         cmd.env("VENDOR_DIR", &vendored_sources);
         cmd.env("CARGO", &builder.initial_cargo);
+        cmd.env("CARGO_HOME", t!(home::cargo_home()));
         // it is important that generate-copyright runs from the root of the
         // source tree, because it uses relative paths
         cmd.current_dir(&builder.src);
diff --git a/src/tools/generate-copyright/src/cargo_metadata.rs b/src/tools/generate-copyright/src/cargo_metadata.rs
index b717bd53eb1a7..3fae26bda4752 100644
--- a/src/tools/generate-copyright/src/cargo_metadata.rs
+++ b/src/tools/generate-copyright/src/cargo_metadata.rs
@@ -46,11 +46,12 @@ pub struct PackageMetadata {
 /// covered it already.
 pub fn get_metadata_and_notices(
     cargo: &Path,
+    cargo_home_path: &Path,
     vendor_path: &Path,
     root_path: &Path,
     manifest_paths: &[PathBuf],
 ) -> Result<BTreeMap<Package, PackageMetadata>, Error> {
-    let mut output = get_metadata(cargo, root_path, manifest_paths)?;
+    let mut output = get_metadata(cargo, cargo_home_path, root_path, manifest_paths)?;
 
     // Now for each dependency we found, go and grab any important looking files
     for (package, metadata) in output.iter_mut() {
@@ -66,6 +67,7 @@ pub fn get_metadata_and_notices(
 /// assume `reuse` has covered it already.
 pub fn get_metadata(
     cargo: &Path,
+    cargo_home_path: &Path,
     root_path: &Path,
     manifest_paths: &[PathBuf],
 ) -> Result<BTreeMap<Package, PackageMetadata>, Error> {
@@ -81,8 +83,11 @@ pub fn get_metadata(
             .manifest_path(manifest_path)
             .exec()?;
         for package in metadata.packages {
-            let manifest_path = package.manifest_path.as_path();
-            if manifest_path.starts_with(root_path) {
+            let package_manifest_path = package.manifest_path.as_path();
+
+            if package_manifest_path.starts_with(root_path)
+                && !package_manifest_path.starts_with(cargo_home_path)
+            {
                 // it's an in-tree dependency and reuse covers it
                 continue;
             }
diff --git a/src/tools/generate-copyright/src/main.rs b/src/tools/generate-copyright/src/main.rs
index d6ed7261b7c87..5497db1f5f3a9 100644
--- a/src/tools/generate-copyright/src/main.rs
+++ b/src/tools/generate-copyright/src/main.rs
@@ -15,6 +15,7 @@ mod cargo_metadata;
 ///
 /// Run `x.py run generate-copyright`
 fn main() -> Result<(), Error> {
+    let cargo_home = env_path("CARGO_HOME")?;
     let dest_file = env_path("DEST")?;
     let libstd_dest_file = env_path("DEST_LIBSTD")?;
     let src_dir = env_path("SRC_DIR")?;
@@ -39,11 +40,17 @@ fn main() -> Result<(), Error> {
         .collect::<Vec<_>>();
 
     // Scan Cargo dependencies
-    let mut collected_cargo_metadata =
-        cargo_metadata::get_metadata_and_notices(&cargo, &vendor_dir, &src_dir, &cargo_manifests)?;
+    let mut collected_cargo_metadata = cargo_metadata::get_metadata_and_notices(
+        &cargo,
+        &cargo_home,
+        &vendor_dir,
+        &src_dir,
+        &cargo_manifests,
+    )?;
 
     let library_collected_cargo_metadata = cargo_metadata::get_metadata_and_notices(
         &cargo,
+        &cargo_home,
         &vendor_dir,
         &src_dir,
         &library_manifests,