1/n
💎International Energy Agency report says global copper demand could would #DOUBLE by 2040.
💎 The per capita copper consumption in India is expected to increase from current level of 0.5 Kg to 1 kg by 2025. The avg per capita copper consumption in the world is 3.2 kg.
2/n 💎Copper is essential to #EV technology & its supporting infrastructure and the evolving market will have a substantial impact on copper demand. #EV will need 84 kg of copper against 23 kg for an internal combustion engine. A single wind turbine will require 3,629 kg.
3/n 💎 As of now, a consensus is not there as to how much copper will be needed as the world embraces #greentechnology.
4/n 💎 Entry Barriers: In view of new mines development failing to match rising smelter ore demand-it takes nothing less than 5 years to open a new mine the world could be facing a copper supply GAP of 8.2m tonne by 2030.
5/n A copper miner to the globe: HindCopper
💎 There are ONLY 3 major players which dominate the copper industry in Indian markets. #HindCopper Ltd (HCL) in Public sector, #Hindalco Industries & #Vedanta in Private Sector.
6/n 💎 #HindCopper is the only vertically integrated copper producer in India produces refined copper from mined ore.
💎 #HindCopper: Holding mining lease of more than 80% of the country’s copper reserves.
I hope this thread adds value to you in the way I hope it will. There are many exciting ideas which I will write about in the next few threads. So, stay tuned 🔔