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Gautam Adani s copper plant to boost India s metal production by 80%, may also increase strain on global ore supply

The launch of this plant coincides with a looming scarcity in ore availability worldwide and is likely to further impact the global demand-supply situation. Notably, over 90 percent of India s ore requirements are imported, with the majority sourced from South America.

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Adani s new copper foray to further tighten world s ore supply

The Kutch Copper Ltd. facility, with initial capacity of 500,000 tons a year, is slated to come online in March, boosting the country’s potential production of the metal by 80%.

Tamil naduUnited statesSoni kumariJayanta royGautam adaniVedanta ltdHindalco industries ltdInternational copper association indiaBanking groupKutch copper ltdAnglo american plcMoody investors serviceKutch copperAnglo americanCopper supply suddenly looks scarceInternational copper association

copper plant: Billionaire Adani s new copper foray to further tighten world s ore supply

Billionaire Gautam Adani s copper plant in India, set to launch in March, will spike ore imports, impacting global supply. The 500,000-ton facility amplifies India s copper output by 80%, coinciding with a global ore shortage due to closures elsewhere. India s import could hit 2 million tons in 2024, straining an already tight market, driven by rapid smelting growth in China and India. The plant s potential to double capacity will fuel India s demand amid the shift to renewable energy.

Tamil naduUnited statesJayanta roySoni kumariGautam adaniVedanta ltdInternational copper association indiaMoody investors serviceBanking groupAnglo american plcHindalco industries ltdKutch copper ltdKutch copperAnglo americanInternational copper associationCopper plant

India s refined copper demand to grow by 11% in FY24 on govt s infra development plans, transition to renewable energy - Industry News

India s refined copper demand to grow by 11% in FY24 on govt s infra development plans, transition to renewable energy - Industry News
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Refined copper demand likely to grow 11 per cent in FY24: ICRA

"ICRA projects copper prices to remain range-bound at current levels of 8,200-8,300/tonne in the near term," it said in a statement. It further said that the allocation of Rs 10 lakh crore for capital spending in the last Union Budget, coupled with ambitious targets set under the National Infrastructure Pipeline (NIP), is likely to drive copper consumption in the medium term.

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