How Vedanta’s Zambian Copper Assets Help Meet Global Copper Demand
Copper plays the most important role in the modern world. Also, the global shift towards renewable energies and state-of-the-art technologies has resulted in a steep rise in this critical mineral’s demand, increasing the supply-demand gap. Even with increased recycling, copper supply is estimated to fall short by 1.7% by 2035. With the world moving towards cleaner energy and better infrastructure, Vedanta Ltd.’s copper assets in Zambia play a key role in meeting this global demand while also supporting Zambia’s economy. The strategic return of Vedanta Zambia in the country’s mining scene through Konkola Copper Mines (KCM) will position it at the centre of the global copper race. Rising Demand for Copper Global demand for copper is anticipated to increase 2X in the next decade. The reasons for this are: · Medical: Copper’s ability to carry signals quickly makes it useful in medical devices. From diagnostic machines to tiny implan...