Adani's copper foray to tighten ore supply

The Kutch Copper Ltd facility is expected to come online in March next

- Bloomborg

The planned start of billionaire Gautam Adani's copper plant in India next year will spur a sharp rise in imports of concentrate, further tightening the global supply of ore on which smelters rely.

The Kutch Copper Ltd facility, with initial capacity of 500,000 tonnes a year, is slated to come online in March, boosting the country's potential production of the metal by 80%. Its launch will coincide with a dramatic drop in the availability of ore after the closure of a major mine in Panama and drastic cuts at operations owned by Anglo American Plc.

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.