By Twesh Mishra
ANIUnion Minister G Kishan Reddy
India plans scaling up domestic aluminium and copper production multi-fold by 2047 according to vision documents shared by Union Coal and Mines Minister G Kishan Reddy. An official statement said the Aluminium Vision Document targets scaling up aluminium output sixfold, raise bauxite capacity to 150 million tonnes per annum (MTPA), boost recycling, and promote green technologies.The copper vision sets the course for meeting a sixfold rise in copper demand by 2047, with plans for 5 MTPA refining capacity by 2030, stronger recycling, and strategic global tie-ups, the statement added.Reddy presented these documents during the international conference on sustainable and responsible mining through best mine closure practices. 鈥淭he Mines Ministry is employing a philosophy of 鈥6 R鈥檚 to mine closure activities.鈥漈hese are reclamation, repurposing, rehabilitation, revegetation, remediation, and relinquishment, Reddy added.According to the copper vision document, Hindustan Copper Limited (HCL) is the only domestic copper miner in India. However, with new copper blocks being auctioned, long-term domestic copper ore production is projected to reach about 21 MT, meeting only 4.6% of domestic concentrate demand.Live Events鈥淭his limited domestic supply underscores India鈥檚 heavy reliance on copper concentrate imports, making the nation vulnerable to external market fluctuations,鈥 the document said while adding these issues could leave India with few viable options to source copper, even from major exporters like Australia, Chile, Peru, and Zambia.India should also consider investing in or establishing smelters and refineries abroad. This approach would secure a steady supply chain, enabling it to better manage supply disruptions arising due to resource nationalism and export ban of copper raw materials, the document added.The aluminium vision document notes that India鈥檚 current domestic self-reliant Aluminium production capacity is 4.2 MT, while secondary capacity of 2.0 MT is largely dependent on imported scrap.By FY47, secondary Aluminium production from domestic scrap is projected to reach an incremental 6 MTPA. 鈥淭o meet the projected demand of 37 MTPA by FY47, there will still be a shortfall of 7 MTPA, the raw material for which will need to be met from international sources of bauxite or scrap or discovering more bauxite resources,鈥 the document said while adding the process of transitioning 4.95 Billion Tonne of resources to proven reserves should happen on a mission-mode.(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onhindustan copper limitedIndia Aluminium production 2047Copper production India 2047G Kishan Reddy Mines MinisterAluminium Vision DocumentCopper Vision DocumentBauxite capacity IndiaHindustan Copper LimitedRecycling copper aluminiumMine closure practices
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
(You can now subscribe to our Economic Times WhatsApp channel)Read More News onhindustan copper limitedIndia Aluminium production 2047Copper production India 2047G Kishan Reddy Mines MinisterAluminium Vision DocumentCopper Vision DocumentBauxite capacity IndiaHindustan Copper LimitedRecycling copper aluminiumMine closure practices(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless