Is copper the next gold? Anil Agarwal of Vedanta thinks so: Here's why
Kolkata: If you are attracted by gold, be prepared for the a different gold in future. Anil Agarwal, chairman of Vedanta believes that copper is the next gold and has stated it on social media, holding out a lot of promise for Indian entrepreneurs.
Vedanta is a significant player in the global copper market. Led by Anil Agarwal, it enjoys a 36% market share in India. The company is set to expand internationally, rolling out a $2 billion copper processing unit which will cater to the rising global demand for the metal. The tailwinds to the copper industry is led by the aggressive shift to renewable energy and electric vehicles. With the acquisition of Konkola Copper Mines, a copper mining and smelting company in Zambia, Vedanta has turned into a fully integrated copper producer.
Incidentally, copper price projections for 2025 are mixed. Some analysts have predicted record highs driven by robust........
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