Latest news with #IndianNationalCommittee
Business Standard
2 days ago
- Business
- Business Standard
India's Copper demand seen expanding six-fold by 2047
Union Minister for Coal and Mines G. Kishan Reddy today released the Copper Vision Document at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices, organized by the Indian National Committee of the World Mining Congress today. Reddy emphasized coppers vital contribution to Indias energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated that the Vision Document provides a long-term strategy to meet growing domestic demand while ensuring raw material security. The Copper Vision Document anticipates a six-fold increase in demand by 2047 and outlines plans to add 5 million tonnes per annum of smelting and refining capacity by 2030. It focuses on scaling up secondary refining, enhancing domestic recycling, and reducing dependence on open-market imports by securing overseas mineral assets through global partnerships.
Time of India
2 days ago
- Business
- Time of India
Coal Minister launches Aluminium Vision Document to boost metal sector
Union Minister for Coal and Mines, G. Kishan Reddy , on Friday unveiled the Aluminium Vision Document at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices, held in Hyderabad. The conference was organised by the Indian National Committee of the World Mining Congress. The newly released vision document lays out a comprehensive roadmap for transforming India into a global hub for aluminium production, aligning with Prime Minister Narendra Modi's goal of achieving a Viksit Bharat by 2047. Speaking at the event, Reddy said, 'The Aluminium Vision Document reflects the Government's unwavering commitment to building a self-reliant and resource-secure India. Aluminium, as a strategic metal, will play a vital role in the transition to clean energy systems, electric mobility, and sustainable infrastructure development.' Prepared through wide-ranging consultations with key stakeholders from across the aluminium value chain, the document includes inputs from National Aluminium Company Ltd. (NALCO), Hindalco Industries Ltd. , Vedanta Ltd., Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) and prominent industry associations such as the Aluminium Association of India (AAI), Aluminium Secondary Manufacturers Association (ASMA), and the Metal Recycling Association of India (MRAI). Satish Pai, Managing Director of Hindalco Industries, on the launch of the Aluminium and Copper Vision Documents said, "The Aluminium and Copper Vision Document comes at the right time for India as the country sharpens its focus on critical minerals that are essential for future economic growth, energy transition, and strategic self-reliance. As the world navigates geopolitical shifts, evolving trade dynamics, and an urgent push toward sustainability, aluminium and copper will play a foundational role in building a low-carbon, future-ready economy.' Key goals outlined in the Vision Document: Scale up aluminium production six-fold by 2047Expand bauxite production capacity to 150 million tonnes per annum (MTPA)Double the national aluminium recycling rateAdopt low-carbon technologies for sustainable productionStrengthen raw material security through targeted policy reforms and institutional frameworks The document not only sets a clear strategy for the sector's growth but also aims to position India as a leader in environmentally responsible aluminium production, promoting circular economy practices and technological innovation.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Centre charts roadmap for six-fold rise in copper, aluminium output
The Centre has unveiled long-term strategies to boost domestic production of copper and aluminium by ramping up refining and smelting capacity, recycling, and reducing import dependence through the acquisition of overseas mineral assets. Coal and Mines Minister G. Kishan Reddy released the Copper and Aluminium Vision Documents on Friday at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices in Hyderabad. It was organised by the Indian National Committee of the World Mining Congress. The Copper Vision Document anticipates a six-fold increase in demand by 2047. It sets a target of adding 5 million tonnes per annum of smelting and refining capacity by 2030, the Ministry of Mines said in a statement. Copper has been notified as a critical mineral in India. It also aims to reduce dependence on open-market imports by acquiring overseas mineral assets through global partnerships, scaling up secondary refining, and enhancing domestic recycling. The target is to double the national aluminium recycling rate, promote the adoption of low-carbon technologies, and strengthen raw material security through targeted policy reforms and institutional mechanisms. India's non-ferrous metal sector witnessed significant growth in FY25, with both refined copper and primary aluminium production recording notable increases. Refined copper production rose by 12.6 per cent, climbing from 5.09 lakh tonnes (LT) in FY24 to 5.73 LT in FY25, according to government data. Meanwhile, primary aluminium production touched a new record, increasing from 41.6 LT in the previous fiscal to 42 LT. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power, the statement said. He highlighted the aluminium sector's strategic role in enabling clean energy systems, electric mobility, and modern infrastructure. The vision documents were developed through consultations with public and private sector players, including Hindustan Copper Ltd (HCL), Hindalco Industries Ltd, Vedanta Ltd, along with industry associations such as the Indian Primary Copper Producers Association (IPCPA), International Copper Association (ICA), and Aluminium Association of India (AAI).
Time of India
2 days ago
- Business
- Time of India
Copper strategy: India eyes sixfold rise in demand by 2047; Centre unveils plan to expand refining capacity
Union minister G Kishan Reddy on Friday unveiled the government's Copper Vision Document, a blueprint aimed at preparing India's copper ecosystem to meet the expected surge in domestic demand over the next two decades. The roadmap projects that India's copper demand will rise sixfold by 2047 and sets a target of adding 5 million tonnes per annum of smelting and refining capacity by 2030. It also outlines a multipronged approach including ramping up secondary refining, improving domestic recycling systems, and securing access to overseas mineral resources through global partnerships, according to PTI. 'Copper plays a critical role in our energy transition, infrastructure expansion and adoption of green technologies like electric vehicles and solar energy,' said Reddy, who holds the coal and mines portfolio. He added that the document offers a strategic pathway to meet India's growing consumption needs while ensuring raw material security. The launch took place at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices hosted by the Indian National Committee of the World Mining Congress in Hyderabad. The mines ministry said the document is aligned with Prime Minister Narendra Modi's goal of achieving a Viksit Bharat by 2047 and marks a significant step toward building a sustainable, resilient and future-ready domestic copper industry. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
