India has unveiled a bold vision for its copper industry, aiming to meet a staggering sixfold increase in demand by 2047. The ambitious plan, presented by Union Minister G Kishan Reddy in the form of a Copper Vision Document, details a strategy focused on significant capacity expansion and enhanced resource management.
A key element of the strategy is a substantial increase in smelting and refining capacity. The target is to add 5 million tonnes per annum by 2030, representing a massive boost to the country’s copper production capabilities. This expansion will be crucial in ensuring the nation can meet its projected future demand.
Recognizing the importance of sustainability, the plan also emphasizes boosting copper recycling and secondary refining. These initiatives will not only contribute to the overall supply but also play a critical role in reducing environmental impact. Further bolstering the strategy is a commitment to securing international mineral resources, ensuring a robust and stable supply chain to support the ambitious growth targets.
This comprehensive approach underlines India’s commitment to securing its copper future and its role in the global copper market. The success of this plan will be pivotal for India’s economic growth and its burgeoning infrastructure development projects.
