Copper Plant: India joins China and other nations in rapidly expanding its ability to produce copper, a metal deemed crucial to the world’s transition away from fossil fuels.
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.