Robert Friedland(@robert_ivanhoe):When our industry talks about future copper demand we focus on the topics of global data centre buildout, Chinese industrial output, government stockpiling, rearmament and defence … However, we forget about the silent, rapid urbanisation of India as a major source of demand. According to the Government of India’s Vision Document on Copper (interesting read, link below 👇), they expect domestic copper demand to more than double in the next 10 years to 4-5 million tonnes per annum… and then double again in the following 10 years to 9-10 million tonnes per annum. India produced less than 30,000 tonnes of primary copper supply last year… and there is very little chance that domestic supply can increase to meet the RAPID growth in projected domestic demand. To quote a statistic in the Vision Document; “India copper concentrate imports are expects to reach 91%-97% by 2047.” That's ONE new Kamoa-Kakula EVERY YEAR for the NEXT 20 YEARS.... just for India's consumption. Where is this copper coming from?

2026.10.23 09:57

When our industry talks about future copper demand we focus on the topics of global data centre buildout, Chinese industrial output, government stockpiling, rearmament and defence … However, we forget about the silent, rapid urbanisation of India as a major source of demand. According to the Government of India’s Vision Document on Copper (interesting read, link below 👇), they expect domestic copper demand to more than double in the next 10 years to 4-5 million tonnes per annum… and then double again in the following 10 years to 9-10 million tonnes per annum. India produced less than 30,000 tonnes of primary copper supply last year… and there is very little chance that domestic supply can increase to meet the RAPID growth in projected domestic demand. To quote a statistic in the Vision Document; “India copper concentrate imports are expects to reach 91%-97% by 2047.” That's ONE new Kamoa-Kakula EVERY YEAR for the NEXT 20 YEARS.... just for India's consumption. Where is this copper coming from?

显示更多

MINING.COM@mining

2026.10.22 23:30

India’s copper demand grew 12% to 2.1 million metric tons in the year to March 2026, outpacing the country’s 7.7% GDP growth. Data centers made up less than 1% of it, according to the International Copper Association India. Infrastructure led instead, rising 29% and accounting for 22% of domestic consumption. Automotive demand rose 14% after a sluggish FY2025. Growth accelerated from 9.3% the year before. Source: ICA India via The Economic Times

显示更多