India holds only about 0.31% of the world's copper ore reserves and has low availability of copper resources, making it reliant on imports.
Refined copper production in India has declined since the closure of Sterlite Copper, turning India into a net importer of copper.
India's copper industry relies on imports for 90% of its concentrate needs, but supply shortages have arisen due to mine closures and export restrictions in major copper-producing countries.
With growing demand for copper in India, it is important to secure a long-term supply through strategic measures, such as exploration licenses, joint ventures, and cross-border investments.