Copper Industry in India faces a major copper shortage following the implementation of the Quality Control Order (QCO) on refined copper from December 1, 2024.
Japan, which supplies 80% of India’s copper imports, is still awaiting BIS certification, causing a potential supply disruption.
About Copper Industry in India
Copper is a reddish-brown metal known for its high thermal and electrical conductivity.
Properties:
Malleability and Ductility: Copper can be easily shaped into wires and sheets without cracking.
Corrosion Resistance: When exposed to air, copper develops a protective layer of copper oxide that prevents further corrosion.
Recyclability: Copper is one of the few materials that can be recycled repeatedly without any loss of quality, making it an eco-friendly metal.
Major Copper Mines in India
Malanjkhand Mine- largest copper mine in India (Madhya Pradesh)
Kolihan Mine (Rajasthan)
Khetri Mine (Rajasthan)
Banwas Mine (Rajasthan)
Surda Mine (Jharkhand)
Largest Copper Exporters Worldwide
Chile: Leads with over 30% of global copper production.
Peru: Renowned for vast copper mines.
Current issues with copper industry in India
India imports 30-40% of its refined copper, with Japanese suppliers accounting for 80% of imports.
Reasons for Copper Shortage:
Quality Control Order (QCO): Imports of refined copper are stalled due to pending BIS certification, causing potential supply issues.
Sterlite Plant Closure: The shutdown of Tamil Nadu’s Sterlite smelter, which once supplied 36% of India’s copper, has reduced domestic production.
Consequences of Supply Shortage:
Production Disruptions:Industries like wire, cable, and electrical equipment manufacturing may face operational halts, rising input costs, and project delays.
Economic Impact:The shortage is likely to heavily affect domestic industries, particularly small and medium enterprises reliant on refined copper.
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