COPPER SUPPLY AGREEMENT
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.
Iran uses global climate talks to highlight impact of US strike on Minab school
Iran is utilizing the COP31 climate summit to highlight the consequences of a US missile strike on a school. The national pavilion features images of the incident’s aftermath along with a virtual reality experience. Additionally, visiting officials will see exhibits from Ukraine addressing efforts in renewable energy amid conflict. The conference has become a platform for discussing global energy price increases related to regional conflicts.
Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.
Marco Rubio to to commence three-day visit to India, calls India key ally, says its Russian energy purchases need to be understood
Marco Rubio's visit to Mumbai includes discussions on the pending US-India trade deal and bilateral relations. He will meet External Affairs Minister S Jaishankar to address economic cooperation and regional stability. After paying tribute to terror victims, he will attend the Freedom 250 Reception celebrating diplomatic ties between the nations. Following Mumbai, Rubio will travel to Jamnagar to engage further in energy discussions.
India-New Zealand FTA comes into effect today
The FTA will provide Indian exporters with 100% duty-free access to the New Zealand market, opening opportunities for MSMEs, women entrepreneurs, farmers and artisans. This is expected to facilitate $20 billion in investments into India in 15 years that would create opportunities across manufacturing, infrastructure, agriculture, and innovation.
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.
US state Montana governor pitches India partnerships in quantum, aerospace, biosciences & critical minerals
Montana has a cluster of around 80 quantum and photonics companies, and is keen to work with Indian institutions and firms on research, technology sourcing and supply chain development, Gianforte told ET during a visit to Karnataka.
US to fund $7 billion of Argentina mineral, energy projects, document shows
The US Export-Import Bank plans to provide up to $7 billion in financing for critical minerals and energy projects in Argentina, as Washington seeks greater access to the region’s resources.
Canada’s tariff counterpunch: Where Ottawa is hitting Donald Trump’s America
Canada has imposed retaliatory tariffs on a wide range of American goods. These measures target sectors like steel, dairy, and appliances, impacting US exports. The move escalates a trade dispute as the US approaches midterm elections. Canada's actions aim to pressure American businesses and states with strong trade ties. This escalation follows collapsed trade negotiations between the two neighboring countries.
Soitec locks customers into multi-year deals as AI wafer demand surges
Soitec told investors last month that photonics-SOI revenue would more than double this financial year from slightly above $100 million, without saying whether that was a base case or a ceiling. That implies more than $200 million, which Remont now calls "absolutely a floor."
French chip materials maker Soitec locks customers into multi-year deals as AI wafer demand surges
Demand for silicon photonics has surged as hyperscalers increasingly use optical connections to move data inside AI infrastructure, where copper links are becoming less attractive because of power and performance constraints.
Adani’s $1.2 billion Kutch smelter signs MoU to source up to 71,000 tonnes of copper a year from Caravel’s Australian project
Adani Enterprises' copper subsidiary, Kutch Copper, has signed a major pact with Caravel Minerals in Australia. This collaboration aims to secure vital copper resources for India's growing copper business. The partnership will accelerate the Caravel Copper Project towards a 2026 investment decision. This strategic alliance strengthens India and Australia's role in the global energy transition.
US copper tariff may impact Indian electronics, chip plans
Donald Trump announced a 50% tariff on copper imports into the US. This decision worries India's electronics and semiconductor industries. India relies on imported high-purity copper. The tariff could disrupt India's chip manufacturing efforts. Industry leaders urge the Indian government to invest in domestic copper production. They also want streamlined import procedures.
India sends geologists to Zambia to explore copper and cobalt deposits, sources say
India is intensifying its efforts to secure critical mineral supplies for its energy transition by dispatching geologists to Zambia to explore copper and cobalt deposits. The Zambian government has allocated 9,000 square km for exploration, with India planning to assess mining potential and potentially invite private-sector participation.
Hindustan Copper Ltd to bid for critical mineral, REE blocks with IOCL, GAIL, RITES: Top official
Hindustan Copper Ltd (HCL) is diversifying its portfolio by planning to bid for critical minerals and rare earth element blocks in collaboration with other PSUs like IOCL and GAIL. HCL will also partner with Coal India Ltd for exploration activities in Chile.
India to seek lithium and copper under new trade tie from Chile to power clean energy and industrial growth, says experts
India aims to secure a stable supply of lithium and copper from Chile through an expanded trade agreement to support its clean energy transition and industrial growth.
Adani and BHP in talks to ink copper sourcing deal worth ₹30,000 crore per annum
Kutch Copper is negotiating with BHP to acquire up to 1.6 mtpa of copper concentrate, valued at around ₹30,000 crore annually. The venture aims to support Kutch Copper's greenfield refinery project at Mundra, making it the world's largest single-location custom smelter at full 1 mtpa capacity.
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