India’s copper imports have seen a dramatic shift in FY25, with wire and tube imports surging to multi-year highs, while cathode shipments plunged by 34% year-on-year due to supply disruptions.
🔴 Key Highlights:
- Copper cathode imports fell to 2.39 lakh tonnes, down from 3.63 lakh tonnes in FY24, following a three-month supply disruption caused by a Quality Control Order (QCO).
- Copper wire imports rose 17%, while tube and pipe imports surged 30%, reflecting strong demand in manufacturing and infrastructure.
- Plates, sheets, and strips saw a 49% increase, indicating growth in India’s industrial sector.
- The Adani Group’s new Gujarat smelter, expected to reach peak capacity this year, could reduce India’s reliance on imports.
📢 Industry Reactions:
- Trade associations filed a petition against the Union Mines Ministry, alleging that the QCO caused acute shortages, leading to higher domestic prices.
- The Bombay High Court will hear the case on June 27, as exporters struggle with compliance issues under the new regulations.
⚠️ Strategic Impact:
- India’s copper demand remains strong, driven by EV batteries, wind turbines, and infrastructure projects.
- The government may need to reassess import policies, ensuring stable supply chains for critical minerals.
👉 What do you think? Should India focus on domestic copper production to reduce import dependency? Drop your thoughts in the comments!
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