• UGI USER
  • Feb 19, 2024
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COPPER IS KEY TO ENERGY TRANSITION, STRONG DEMAND IN INDIA MAY EMERGE FROM 2030′

Why in the news?

  • India is poised to witness a significant increase in copper demand, particularly from the year 2030 onwards.
  • This surge is expected to be driven by the country’s transition towards renewable energy sources and the development of associated infrastructure.
Source: Slideserve

Understanding Critical Minerals:

  • Critical minerals are essential for both economic development and national security.
  • These minerals play pivotal roles in various industries, including defense, technology, and infrastructure.
  • In July 2023, the government identified 30 minerals as critical minerals.

 

Distribution of Copper Reserves in India

●      Total Reserves: India possesses approximately 46 million tonnes of copper reserves.

●      Regional Breakdown:

●      Rajasthan: Holds the largest share with 50% of the total copper reserves.

●      Madhya Pradesh: Accounts for 24% of the reserves.

●      Jharkhand: Holds 19% of the copper reserves.

●      Remaining 7% distributed across Andhra Pradesh, Gujarat, Haryana, and Karnataka.