CHILE MINING INDUSTRY
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Explained: Why copper prices could fall further after four-month low amid US election outcome
Copper prices fell to a four-month low following the US midterm election outcome, which raised doubts over AI data centre demand and import tariffs. Despite a minor Monday bounce and tight supply constraints, analysts at TD Securities warn of potential further downside in the near term.
India's gold import route changing course for a benefit all jewellers want
India is diversifying its gold import sources as expanding domestic refining capacity, tax incentives and the India-UAE trade pact reshape supply chains. Switzerland’s share of India’s bullion imports fell to 21.9% in FY26 from 42.4% five years earlier, while the UAE’s share rose to 16.5% from 10.8%, according to Crisil Intelligence.
Diversification plan: NMDC scouts for mining assets across four continents
NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.
From rocks to riches: India’s unfinished critical minerals story
India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.
India-Chile trade negotiations: A quiet and strategic deal beyond tariffs
India and Chile are progressing with negotiations for a Comprehensive Economic Partnership Agreement to enhance trade relations. The agreement will focus on sectors such as digital services, critical minerals, and investment. Both nations seek to diversify their trade partnerships and reduce reliance on single markets, particularly in mineral exports.
Copper prices may surge another 50%, predicts Deutsche Bank; supply to users could exhaust by 2028
Copper prices could surge further as historically low inventories, US stockpiling and constrained mine supply intensify competition for spot metal. Deutsche Bank expects copper to reach $22,050 per metric ton by Q2 2027, while supply available to global users could tighten sharply by 2028.
US hiring appetite is healthy as economy powers ahead
The labor market in the US is poised for notable growth as nonfarm payrolls are anticipated to climb in September. Economists foresee the unemployment rate holding steady at a low 4.1%. Promising economic data highlights strong consumer spending and substantial capital investments, painting a picture of economic resilience.
India's private sector securing critical minerals abroad is need of the hour: G Kishan Reddy
Facilitating the domestic private sector to secure critical mineral assets abroad and transport them back home serves as the need of the hour for India, Union Minister of Coal and Mines G Kishan Reddy stated on the sidelines of the CII Global Summit in New Delhi.
Copper hits new peak of $14,533/metric ton. Can its reddish glow brighten even further?
Copper prices hit a record high of $14,533 per metric ton as tight mine supply, a weaker dollar and structural demand from electrification, AI and data centres fuelled the rally. Analysts see further upside if supply constraints persist.
Lower house passes amendments curbing states power to tax minerals
Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess on mineral rights, with mining minister G Kishan Reddy citing the need for a uniform fiscal framework. RSP MP Premachandran N K opposed the move as unconstitutional, arguing land taxation is exclusively a state subject.
Chile offers India critical minerals play as CEPA talks near finish line
Chile is offering India significant opportunities in critical mineral mining, including copper, lithium, and cobalt. These minerals will power India's growth and green transition. Chile also seeks Indian talent for its burgeoning semiconductor sector. Both nations are working towards a Comprehensive Economic Partnership Agreement. This partnership aims to secure India's supply chains and foster economic growth.
Europe's lithium quest hampered by China and lack of cash
To succeed, Europe needs to strengthen ties with lithium-rich nations and foster local electric vehicle markets.
After Brazil, Chile to expand defence industry partnership with India
Chile is seeking to expand its defence industry partnership with India, including exports tailored for the Chilean military. During a recent visit, Chile's foreign minister discussed various topics with Indian officials, including defence, agriculture, and economic partnerships. Chile also invited India to participate in a major South American air show.
Codelco Q1 Results: World's largest copper producer's pre-tax profit sinks 29%
Codelco has been battling to boost its production, which has fallen for two straight years to reach a quarter-century low, despite delays, cost overruns and accidents.
How Apoorva Sinha successfully launched his startup TOHL with support from 'Start-up Chile' programme
Apoorva Sinha is among a handful of Indian entrepreneurs who are making use of global entrepreneurship programmes to build companies in overseas markets.
TA Associates acquires 15% stake in Tega Industries for $40 mn
The company that has annual revenues of around Rs 600 crore is led by Madan Mohanka, one of the early passouts from IIM-Ahmedabad.
China and Chile sign trade pact to expand trade in services
China and Chile have signed an agreement to allow investment between their countries in services in such areas as the computing, mining and environmental industries.
Load More
