Vedanta gives up on its Tuticorin copper plant; plans new Rs 10,000-crore copper unit

With its 400,000-tonnes per annum copper smelter plant in Tuticorin, Tamil Nadu, closed since May 2018 over pollution concerns and the Supreme Court dismissing its plea to reopen it, Vedanta is now planning to set up a new 500,000 tonnes a year plant. The company has invited expressions of interest from coastal states wishing to partner it […]

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India’s copper exports plunge 69% in FY19 on Sterlite unit closure: EEPC

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Cumulatively for FY19, the export of the metal and its products dropped by whopping 69.4% to $1.065 billion, against the previous fiscal due to the shutdown of Sterlite Copper smelter plant at Tuticorin in Tamil Nadu, said Engineering Export Promotion Council (EEPC). The export of copper and copper products in March 2019 declined sharply by […]

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Global copper deficit estimated at 390,000 tonnes in 2018: ICSG

The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase in world mine production of about 460,000 t copper was principally due to […]

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