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18th Sep · SEBI Registration INH000016913

Untapped Copper Pool The Metal That Never Really Disappears

India’s Untapped Copper Pool: The Metal That Never Really Disappears Imagine an old building being demolished. The walls disappear. The furniture is gone. But hidden inside the rubble is something valuable — copper. An electrician removes the old wires. A scrap dealer collects them. The insulation is stripped, the copper is sorted, melted and eventually becomes a new wire, rod or electrical component. The interesting part? Copper doesn’t disappear after its first use. India already has millions of tonnes of copper sitting inside power cables, transformers, vehicles, air-conditioners, electronics and infrastructure. As electrification, renewable energy, EVs, power grids and data centres expand, demand for copper is expected to rise sharply. But there is a catch. Copper sitting inside a working power cable cannot be recycled today. It becomes available only when the product reaches the end of its useful life. That creates a fascinating long-term cycle: Mining → Manufacturing → Infrastructure → Use → Scrap → Recycling → New Copper Products India also remains heavily dependent on imported copper concentrates, making recycling and secondary copper increasingly relevant to the domestic supply chain. One company operating across India’s copper value chain is Hindalco Industries.

HINDALCO
This is not about predicting its stock price. The bigger learning is understanding how an old wire can eventually become part of the next generation of India's infrastructure. Copper remains embedded in products for decades, making recycling an important future source as India’s copper demand continues expanding.

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