Adani Group to get copper concentrates from Australia, Chile, and Peru
A senior company official said that Gautam Adani's conglomerate plans to get copper concentrates from Peru, Chile, and Australia to power its $1.2 billion copper smelter, which will be the biggest of its kind in the world. Kutch Copper Ltd. (KCL), owned by Adani Enterprises Ltd., plans to start doing business in Mundra, Gujarat, in the next few weeks. The plant will be able to handle 500,000 metric tons at first, and it is plans to grow to 1 million metric tons by 2028/29. This is not the first time the conglomerate has been on an expansion spree. Earlier as well, the firm has taken many steps to enter different sectors. In an interview with Reuters, Vinay Prakash, Managing Director of KCL, said the company is willing to buy copper assets in India and other countries. The strategy for getting resources comes from a mix of short-term and long-term deals with miners and traders around the world, including ones in Peru, Chile, and Australia. Meeting India's Needs for Copper