Branch2 Intelligence
Demand rising, India needs 500,000 tonnes refined copper capacity addition every 5 years: ICA
Key takeaway
India's copper demand growing at 9%+ per annum requires 500,000 tonnes of new refining capacity every five years.
- Step 11st-order: India's copper demand grows 9%+ annually, requiring 500,000 tonnes of new refining capacity every five years.
- Step 22nd-order: Domestic producers Hindalco and Vedanta ramp up capacity to capture demand, increasing their revenue and margins.
- Step 33rd-order: Higher copper prices and supply tightness globally affect UK SMEs that use copper in construction, electronics, or automotive supply chains.
Source: IN:The Hindu BusinessLine
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