The Red Metal for Economic Expansion

Copper's influence on India's economic progress is profound and multifaceted. Its widespread use in various industries contributes to the country’s growth and employment opportunities. Additionally, the export potential of copper-based products can strengthen India's position in the global trade market.

To fully benefit from copper's positive influence, India needs to maintain a steady supply, embrace technological advances, and adopt sustainable practices. Some of the sectors that have the greatest need for copper include:

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Clean Energy & Electric Vehicles

With the goal of becoming carbon neutral by 2070, India's clean energy transition will focus on transforming mobility and power generation. By 2030, India aims to achieve 500 GW of renewable energy capacity and ensure that 30% of vehicle sales are electric vehicles. Copper is employed in various forms across these applications. It serves as wiring, connectors, and conductive components in electric vehicles. While, in solar and wind energy panels, it is used in wiring, photovoltaic cells, and electrical contacts due to its exceptional conductivity and durability.

Copper for Job Creation

The robust presence of copper across various sectors in India, such as infrastructure, renewable energy, and automotive industries, contributes significantly to job creation. The demand for skilled professionals in mining, manufacturing, installation, and maintenance of copper-related infrastructure and technologies generates employment opportunities, fostering economic growth and prosperity.

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