Adani Copper Smelter: The first 500,000 tons of capacity at the USD 1.2 billion facility in Mundra in Gujarat is set to start operations next month, according to Vinay Prakash, chief executive officer at Adani Natural Resources.
The first 500,000 tons of capacity at the $1.2 billion facility in Mundra in the western state of Gujarat is set to start operations next month, according to Vinay Prakash, chief executive officer at Adani Natural Resources.
(Bloomberg) Indian billionaire Gautam Adani’s conglomerate has signed contracts to buy 1.6 million tons a year of copper concentrate for the world’s largest single-location smelter for the industrial metal. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyNew York City Is Considering a Laundry Pods CrackdownEinhorn Says Markets ‘Fundamentall
Gautam Adani s conglomerate has secured contracts to purchase 1.6 million tons annually of copper concentrate for its Mundra-based smelter, set to become the world s largest single-location facility for the metal. The $1.2 billion plant, with an initial capacity of 500,000 tons, is slated to commence operations next month, expanding to 1 million tons by March 2029 to meet India s projected doubling of copper demand.
Billionaire Gautam Adani's conglomerate has signed contracts to buy 1.6 million tons a year of copper concentrate for the world's largest single-location smelter for the industrial metal.