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JSW Group plans copper smelter by 2028-2029

ByVictoria

India’s steel-to-power conglomerate JSW Group plans to set up a 500,000 metric ton capacity copper smelter in the eastern state of Odisha by 2028/29 with feedstock of copper concentrate from Peru and Chile, a source directly aware of the matter told Reuters on Thursday.

JSW plans to feed its planned electric vehicle and battery manufacturing facilities with the copper produced at the smelter, the source added. Some of the concentrate supply will come from Hindustan Copper, the source said.

Source – Reuters

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    More Info!

    Harvesting (in finance), also known as an exit or liquidity event, is the act of cashing out of an ownership position in a company.

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