India Becomes Net Impor ter Of Copper After 18 Years: Care ... · 11/1/2019 India Becomes Net...

11/1/2019 India Becomes Net Importer Of Copper After 18 Years: Care Ratings

https://thelogicalindian.com/news/india-net-importer-copper/ 1/10

(https://thelogicalindian.com)

NEWS ( HT TPS://THELOGICALINDI AN.COM/NEWS/ )

India Becomes Net Importer Of Copper After 18 Years: Care Ratings

October 26th, 2019 / 1:18 PM

Image Credit: The New Indian Express(http://images.newindianexpress.com/uploads/user/imagelibrary/2018/5/23/w600X300/Sterlite_Industries_Copper_Power_Plant_EPS_Photo.jpg)

For the �rst time in 18 years, India became a net importer of copper in 2018-19 as the closure of Vedanta’s copper smelter plant inTuticorin in Tamil Nadu reduced more than 46 per cent of the country’s copper production, as per a research report by Care Ratings(http://www.careratings.com/upload/NewsFiles/Studies/Base%20Metals%20FY%2019%20Review%20and%20FY%2020%20Outlook.pdf).

As a result, imports of re�ned copper touched Rs 14,000 crore last year.

The Logical Indian Crew India

Home (/) News (Https://Thelogicalindian.Com/News/) My Story (Https://Thelogicalindian.Com/My-Story/) Fact Check (Https:/

(https://www.facebook.com/sharer/sharer.php?u=https://thelogicalindian.com/news/india-

net-importer-copper/&t=India

Becomes Net ImporterOf Copper After 18

Years: Care Ratings)

(https://www.facebook.com/dialog/send?app_id=&link=https://thelogicalindian.com/news/india-

net-importer-copper/&redirect_uri=https://facebook.com)

(whatsapp://send?text=India%20Becomes%20Net%20Importer%

(https://www.facebook.com/sharer/sharer.php?u=https://thelogicalindian.com/awareness/fixing-

potholes-nissan/&t=Touching

Lives By FixingPotholes, Nissan

Believes#IntelligenceMakesTheDifference)

(https://www.facebook.com/dialog/send?app_id=&link=https://thelogicalindian.com/awareness/fixing-

potholes-nissan/&redirect_uri=https://facebook.com)

(whatsapp://send?text=Touching%20Lives%20By%20Fixing%20

https://thelogicalindian.com/

https://thelogicalindian.com/news/

http://images.newindianexpress.com/uploads/user/imagelibrary/2018/5/23/w600X300/Sterlite_Industries_Copper_Power_Plant_EPS_Photo.jpg

http://www.careratings.com/upload/NewsFiles/Studies/Base%20Metals%20FY%2019%20Review%20and%20FY%2020%20Outlook.pdf

https://thelogicalindian.com/

https://thelogicalindian.com/news/

https://thelogicalindian.com/my-story/

https://thelogicalindian.com/fact-check/

https://www.facebook.com/sharer/sharer.php?u=https://thelogicalindian.com/news/india-net-importer-copper/&t=India%20Becomes%20Net%20Importer%20Of%20Copper%20After%2018%20Years:%20Care%20Ratings

https://www.facebook.com/dialog/send?app_id=&link=https://thelogicalindian.com/news/india-net-importer-copper/&redirect_uri=https://facebook.com

whatsapp://send?text=India%20Becomes%20Net%20Importer%20Of%20Copper%20After%2018%20Years%3A%20Care%20Ratings%20http%3A%2F%2Fbit.ly%2F2WgVGyY

https://www.facebook.com/sharer/sharer.php?u=https://thelogicalindian.com/awareness/fixing-potholes-nissan/&t=Touching%20Lives%20By%20Fixing%20Potholes,%20Nissan%20Believes%20#IntelligenceMakesTheDifference

https://www.facebook.com/dialog/send?app_id=&link=https://thelogicalindian.com/awareness/fixing-potholes-nissan/&redirect_uri=https://facebook.com

whatsapp://send?text=Touching%20Lives%20By%20Fixing%20Potholes%2C%20Nissan%20Believes%20%23IntelligenceMakesTheDifference%20http%3A%2F%2Fbit.ly%2F2qFIrfz



“India used to be the net exporter of copper cathodes till FY18. Now with the closure of the Tuticorin smelter, the drop in domesticproduction has led to the domino effect of increasing the country’s imports and decreasing its exports. India has become a netimporter of re�ned copper after 18 years,” Care Ratings has said.

During FY2018-19, exports dipped by 87.4 per cent, whereas imports rose by 131.2 per cent, the agency said.

India imported re�ned copper from Japan, Congo, Singapore, Chile, Tanzania, the UAE and South Africa and exported re�ned copper toChina, Taiwan, Malaysia, South Korea and Bangladesh during 2018-19.

Share of exports towards China has increased from 63 per cent in 2017-18 to 75 per cent in 2018-19. The share of imports from Japanhas increased from 68 per cent in FY2017-18 to 71 per cent in FY2018-19. India has emerged as an importer of copper ore andconcentrates, and imports nearly 90 per cent of the requirements due to the lack of copper mines in the country.

India’s domestic production of re�ned copper grew at 9.6 per cent between 2013-14 and 2017-18. But with the closure of Sterlite’s fourlakh-tonne copper plant in Tuticorin, output fell by 46 per cent during the year 2018-19 as Sterlite accounted for 40 per cent of thecountry’s copper smelting capacity.

Import of copper ore and concentrates fell by 44.6 per cent in the last �scal year due to lack of requirement from the Tuticorin smelter.

The Tamil Nadu government in May last year ordered permanent shutdown of the copper smelter after protests at the plant in Tuticorincompelled the police to open �re on demonstrators.

Until last year, with a total capacity of around eight lakh tonnes shared primarily between Hindalco and Vedanta, the country was thenet exporter of the metal that has a large scale utilisation in the electrical industry, followed by building and construction and transportindustries.

Also Read: Remembering Tuticorin Firings: City Mourns Victims Of Anti-Sterlite Protests(https://thelogicalindian.com/awareness/tuticorin-mourns-victims/)

Contributors

Written by : Navya SinghEdited by : Shubhendu Deshmukh

Related Stories

Your Ratings In The Social WorldMight Have A Purpose Behind It

(https://thelogicalindian.com/awareness/uber-rider-rating/)

(https://thelogicalindian.com/news/sterlite-groundwater/)

(https://thelogicalindian.com/awareness/net-neutrality-india/)

(https://thelocopper-plant















Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.

x

your email address

https://thelogicalindian.com/awareness/tuticorin-mourns-victims/

https://thelogicalindian.com/awareness/uber-rider-rating/

https://thelogicalindian.com/news/sterlite-groundwater/

https://thelogicalindian.com/awareness/net-neutrality-india/

https://thelogicalindian.com/news/sterlite-copper-plant/









PARTNER STORY

Touching Lives By Fixing Potholes, Nissan Believes #IntelligenceMakesTheDifference

Propelled by

They say roads have increasingly become one of the most uncertain places to be present. The challenges of being on the road can bemultifaceted and can seldom be quanti�ed. From congested alleys to con�ned parking spaces, from potholes to steep round turns, it’snot always easy to drive on Indian roads. In such a scenario it becomes imperative to be constantly attentive that makes drivingexperience much less enjoyable.

Nissan (https://www.nissan.in/)

In Areas Around Sterlite’s CopperPlant, Groundwater HeavilyContaminated With Metals:Central Govt

Thanks To Online Outrage, IndiaApproves Strong Net NeutralityRules – No To Data Discrimination

TNPCB OrSterlite CoThoothukuSupply

















x

your email address

https://www.nissan.in/

https://thelogicalindian.com/awareness/uber-rider-rating/

https://thelogicalindian.com/news/sterlite-groundwater/

https://thelogicalindian.com/awareness/net-neutrality-india/

https://thelogicalindian.com/news/sterlite-copper-plant/









For the longest time, most situations faced by people on Indian roads have been either ignored or swept under the carpet. However,lately, the internet has been abuzz with conversations tied around many challenges that people face on roads. To spread awarenessabout the aggravated road issues, as many as over 40 in�uencers took to their social media handles to express their personalaccounts of daily on-road experiences.

















x

your email address

https://www.instagram.com/p/B3q6SWjh6fb/









(https://www.instagram.com/p/B3q6SWjh6fb/)

Prominently, in�uencers like Rannvijay Singh and Kusha Kapila also posted Instagram videos to share their ‘on the road diaries’. Kushain her witty self, expressed her struggles with limited space parking. On the other hand, Rannvijay, in his video especially talked abouthow potholes are an added woe to daily commuters and his major challenge while driving.

(https://www.instagram.com/p/B3Oj03BAWhH/?igshid=1csfzd6uqi69m)

















x

your email address

https://www.instagram.com/p/B3q6SWjh6fb/

https://www.instagram.com/p/B3Oj03BAWhH/?igshid=1csfzd6uqi69m









Upon watching the pothole woes of Rannvijay, an NGO called ‘PotHole Raja’ commented on his video saying, “Hello there, we cande�nitely do something together to make our roads pothole-free. Please let us know how to connect. #MissionPotholeFreeIndia”. Itwas then when Nissan India picked up and collaborated with ‘PotHole Raja’ to �x the roads the very next day. It is true that sometimesit is a smart move to cut off dependencies, pull up the socks and �x what has long been awaited because#IntelligenceMakesTheDifference.

Potholes are those mischievous cavities on the roads that have increasingly become one of the most common reasons for roadaccidents. Nissan realising the adversity of the situation took an initiative and �xed as many as 38 potholes in the city of Bangalore inless than 3 hours and 25 and 30 potholes in Mumbai and Delhi respectively in less than 2.5 hours. In the process of this citizen-drivenendeavour, Nissan made sure that it took no more than �ve to ten minutes to �x each pothole simply by spreading out cold asphaltevenly. This zero-pollution method not just attracted many volunteers including the tra�c police but also ensured that the potholes are�xed permanently.

















x

your email address









(https://www.instagram.com/p/B3lsIXkHpBw/)

Parallelly, Nissan India (https://www.nissan.in/) who saw Rannvijay’s video sent him an all-new Nissan Kicks to test drive on thestreets of the city. Rannvijay, on his test drive, said that he often gets worked up by narrow lanes that become even narrower whenpeople park their cars on both sides, never forgetting the potholes that make the whole ride jumpy. According to Rannvijay, the aroundview monitor of Nissan Kicks makes it very easy to park the vehicle even in a cramped space because#IntelligenceMakesTheDifference

















x

your email address

https://www.instagram.com/p/B3lsIXkHpBw/










(https://www.instagram.com/p/B3geQT5n1m1/)

The initiative by Nissan India (https://www.nissan.in/) has garnered massive appreciation by people and celebrities together. Afterproper assessment, the team of Nissan identi�ed a stretch littered with potholes, aligned resources and got down to �x it good! TheLogical Indian community appreciates the efforts of Nissan India who took it upon themselves to collaborate with citizens and NGOsto make India pothole-free so that people can have a smooth driving experience every day.

5 Cities. 1 Intelligent SUV. | New #NissanKICKS5 Cities. 1 Intelligent SUV. | New #NissanKICKS

Latest On The Logical Indian

(https://thelogicalindian.com/news/kochi-water-metro/)(https://www.facebook.com/sharer/sharer.php?u=https://thelogicalindian.com/news/india-
















x

your email address

https://www.instagram.com/p/B3geQT5n1m1/


https://www.youtube.com/watch?v=SBbcDAm4Wj4

https://www.youtube.com/channel/UC66f5nqsfx45YfKTR7czHZQ

https://thelogicalindian.com/news/kochi-water-metro/









News

India’s First Water Metro In Kochi Gets Centre’s Environmental Clearance

News

Delhi Hospitals Witness 30% Increase In Patients After Air Quality Worsens; Children, Elderly Worst Affected

News

Cognizant Likely To Lay Off 7,000 Mid-To-Senior Employees To Cut Costs

News

Kerala Police Kill Four Maoists In Encounters, Opposition Says ‘Fake Encounter’

My Social Responsibility

Bengaluru: This Conservationist Is Rescuing Animals And Educating Kids In A Sanctuary Of His Own

(https://thelogicalindian.com/news/delhi-hospitals-patients-increase/)

(https://thelogicalindian.com/news/cognizant-senior-employees-cut-costs/)

(https://thelogicalindian.com/news/kerala-maoist-encounter-killings/)

(https://thelogicalindian.com/exclusive/sanjeev-pednekar-rescuing-animals/)

















x

your email address

https://thelogicalindian.com/news/kochi-water-metro/

https://thelogicalindian.com/news/delhi-hospitals-patients-increase/

https://thelogicalindian.com/news/cognizant-senior-employees-cut-costs/

https://thelogicalindian.com/news/kerala-maoist-encounter-killings/

https://thelogicalindian.com/exclusive/sanjeev-pednekar-rescuing-animals/

https://thelogicalindian.com/news/cognizant-lay-off/









News

Cognizant Likely To Lay Off 7,000 Mid-To-Senior Employees To Cut Costs

(https://thelogicalindian.com/news/cognizant-lay-off/)

















x

your email address

https://thelogicalindian.com/news/cognizant-lay-off/







India Becomes Net Impor ter Of Copper After 18 Years: Care ... · 11/1/2019 India Becomes Net...

Documents

Transcript of India Becomes Net Impor ter Of Copper After 18 Years: Care ... · 11/1/2019 India Becomes Net...