India's Copper Demand to Double by 2030 Amid Imports Surge and Capacity Expansion

Published: May 14, 2025 20:02

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According to SMM, to meet the demands of industrial and energy transformation, India's domestic copper demand is expected to double by 2030. Companies in India's copper industry include Hindalco Industries, Vedanta, Adani, and the state-owned Hindustan Copper. It is estimated that India's copper cathode production is approximately 555,000 mt, and the country imports around 500,000 mt of copper annually to bridge the supply gap. Since the closure of Vedanta's Sterlite copper smelter in India in 2018, imports have surged. However, in December last year, the Indian government stated that the capacity expansion of Adani's smelter would meet India's domestic demand and reduce imports. It is expected to commence operations within the next four weeks. Japan accounts for approximately two-thirds of India's copper cathode imports, followed by Tanzania and Mozambique.

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