India's Adani to build copper smelter three years after Tuticorin closure

India's Adani Enterprises will build its first copper cathode facility via a new subsidiary three years after the country's biggest copper smelter - Vedanta's Tuticorin - was ordered to close.

Adani Enterprises incorporated wholly-owned subsidiary Kutch Copper Ltd (KCL) on March 24 to manufacture copper cathodes and copper rods, the company said last week.
Adani had originally proposed the construction of a 1-million tonne-per-year copper refinery in Gujarat in 2016.
The complex will consist of 900,000 tpy primary copper smelting capacity and 100,000 tpy copper scrap smelting capacity, according to the proposal submitted to India's environmental ministry.

"There...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week