India is preparing a new push to strengthen critical mineral processing at home and expand supply chains abroad. Mines Secretary says public sector companies will bid for four copper mines in Chile, aiming to significantly raise domestic copper production. The plan also includes extracting gold from mining residue, turning waste streams into value.
India’s copper supply hinges on Hindustan Copper Limited, which controls the country’s operating ore leases yet has long struggled with mining and execution bottlenecks. Now the state-run miner is looking to triple ore capacity to 12 million tonnes per annum by 2030. The question is whether past constraints can be overcome in time.
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As markets chase AI giants, copper is quietly emerging as the critical infrastructure behind the digital and green transition. Data centers, electric vehicles, and renewables all need rising copper supply, while global production remains constrained. The result: copper may be a powerful, undervalued enabler of future growth—potentially where returns are hiding.
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