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Vednata Tuticorn Plant Closure Contributed 66% of Global Copper Deficit - ICRA-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
10/9/2019 - Copper exhibition -non-ferrous metals expo |
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Economic Times quoted rating agency ICRA in a report as saying that the closure of Vedanta’s copper smelter unit at Tuticorin is estimated to have led to a 66% deficit in global copper supplies between April 2018 and March this year. The unit, which has remained shut since May 2018, has a capacity of 0.4 million tonne per year. In India, the shutdown of Vedanta’s copper complex resulted in copper shortage and consequently, the country turned into a net importer of refined copper in 2018-19, from being a net exporter till the previous financial year. The report said that “The deficit, estimated at around 39% of consumption, is likely to expand to 43-45% in FY2020.”
Mr Jayanta Roy, senior vice president, ICRA said that “Global copper deficit during April 2018 to March 2019 was ~0.6 million metric tonne, indicating that the Tuticorin smelter closure contributed around 66% to the E23 global copper deficit.”
有色金属展-铜材展-2020年广州国际有色金属工业（铜业）展览会
-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous
Metal exhibition, 2020 Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2020
Non-Ferrous Metal expo, Copper exhibition, Copper expo, 2020 Copper exhibition,
2020 Copper expo, China Copper exhibition, China Copper expo |
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