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.
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