Vedanta unit Sterlite Copper intends to ship a portion of its copper concentrate inventories accrued before it declared force majeure in April, sources with knowledge of the situation told Fastmarkets.
Sterlite has offered 15,000 tonnes of Cerro Verde copper concentrates for November or December shipment, several sources privy to the dealings said. The company's Tuticorin smelter was shut down for alleged environmental transgressions and when protests against a planned expansion turned bloody in April; the current offer is intended to generate cash flow to...