India’s Copper Demand Surges by 7% Amid Energy and Infrastructure Projects, Imports Rise; Major Companies Invest in Production

India is witnessing a significant surge in copper demand, expected to grow by 7% fueled by renewable energy and infrastructure projects. The country currently faces a gap between domestic production and consumption, leading to importing 500,000 tonnes of copper annually. In response to this demand, major companies are ramping up their investments in copper production within the country. The closure of Vedanta’s Sterlite plant has had a substantial impact on the domestic supply, resulting in India shifting from being a copper exporter to a net importer. This shift in dynamics is prompting a reevaluation of the country’s copper production capabilities and strategies to meet the growing demand.

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