India has announced a strategic plan to attract foreign companies to establish smelters and refineries within the country, according to a report by Reuters. The plan aims to enhance the country’s copper production capabilities, aiming to reduce its dependency on imports by 2047. This move comes with the incentive of state-owned Indian companies potentially investing in the mining operations of foreign companies. According to a government policy document, India, currently the world’s second-largest importer of refined copper, may need to import between 91%-97% of its copper concentrates by 2047. The country’s copper ... (full story)