Adani to finance Chile copper project to secure long-term supply for Mundra smelter
The agreement marks a step in Adani’s overseas sourcing plans as India seeks to strengthen copper supplies through investments abroad
Chile’s state-owned copper company, Codelco, has entered into a deal with India’s Adani Group to develop a copper exploration project called Kaburkaala in Northern Antofagasta region. Adani will finance the project, which could provide a steady copper supply for its smelting operation in Mundra, India. This agreement was reached after months of evaluations of potential Codelco copper projects.
India depends on copper imports to meet its growing demand and bridge any supply gaps, making it crucial for the nation to secure long-term access to this essential resource. The partnership was finalized between Codelco and Kutch Copper Limited, a subsidiary of Adani Group.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
