The Curious Case of Vedanta Sterlite Copper : How the closure of a national asset made India a net copper importer
Vedanta Group, a global natural resources conglomerate, operating in critical minerals, energy and technology,, has long been recognized for its commitment to sustainable practices and operational transparency. Among its most significant operations in India was the Sterlite Copper plant in Thoothukudi, Tamil Nadu, one of India's most important contributors of copper, which met up to 40% of the country's copper demand. However, the plant, which had been operational for over 22 years and played an important role in the nation’s copper production and industrial growth, was closed in 2018. The Vedanta Sterlite Copper plant news regarding its closure sparked significant debate and concern across various sectors, including economic and manufacturing sectors. Also, the closure has left its mark on India’s copper supply chain and broader industrial landscape by making the nation a net exporter of copper. Through this blog, we aim to shed light on the ongoing developments surrou...