India could end its reliance on imported refined copper as early as this year, as new domestic smelting capacity and expansion projects begin narrowing the supply gap, according to Hindalco Industries (NSE: HINDALCO) managing director Satish Pai.
copper demand
Copper Market on Edge: Output Outages Threaten Global Supply
Copper Market on Edge: Production setbacks at major Copper mines are raising supply concerns. Indonesia’s Grasberg mine remains closed, and Chile’s El Teniente mine reported a nearly 10% drop in August output, highlighting ongoing disruptions in global Copper supply.
Copper Demand Continues to Outstrip Supply | Neal Bhai
Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”