NIFTY 50
Powered by:

Birla Copper sees Indian copper demand doubling by 2026

Updated : November 15, 2018 09:38 AM IST

The nation's consumption of the metal is expected to rise to 1.433 million tonnes by 2026 from 650,000 tonnes in 2018, Birla Copper CEO J.C. Laddha told delegates at the Asia Copper Conference in Shanghai.
The nation's refined copper production is set to hit 843,000 tonnes this year, Laddha said, outstripping demand, which is expected to reach 642,000 tonnes.
But following the forced shutdown of Vedanta Ltd's 400,000 tonne per year copper smelter in May, production will shrink to 450,000 tonnes in 2019, versus demand of 700,000 tonnes, he said.
Birla Copper sees Indian copper demand doubling by 2026
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV