Adani's Kutch Copper plant begins processing ores amid global shortage
The plant in Gujarat began processing mined ores despite previous delays caused by a global shortage of feedstock.
The move is part of a broader initiative to reduce India's dependence on imported copper.
The facility, with an initial capacity of 500,000 tonnes per annum (tpa), was initially due to begin in 2024 but faced setbacks due to smelter expansions worldwide.
Adani Enterprises launched the first phase in March last year, with ambitions to expand the capacity to one million tonnes (mt) by the end of fiscal year 2029.
According to the report, raw materials are currently being fed into the plant, although it is anticipated that it could take up to 18 months to reach full operational capacity, significantly longer than the typical two-to-three-month ramp-up period.
To function at full scale, the smelter would need approximately 1.6mt of concentrated copper ores.
A spokesperson for Adani Enterprises confirmed that the Kutch Copper smelter is now operational and is working towards achieving peak capacity.
The challenge of securing concentrates has been a global issue for smelters, exacerbated by the influx of new plants and the consequent decline in processing margins.
The increase in smelting capacity is partly due to new integrated plants in mining operations in Indonesia and the Democratic Republic of Congo, which have reduced the availability of concentrates for other smelters, the report said.
Furthermore, the rapid expansion of stand-alone smelters that procure their raw materials from the open market has also contributed to the shortage.
This includes the Adani plant and several significant operations in China, such as the new 500,000tpa copper smelter launched by Tongling Nonferrous Metals earlier this year.
"Adani's Kutch Copper plant begins processing ores amid global shortage" was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
14 minutes ago
- Bloomberg
Rewriting India's investment playbook: Why portfolio management services are taking the lead
From niche to mainstream: the new face of PMS The evolution of Portfolio Management Services has been nothing short of remarkable. The PMS of today bears little resemblance to the opaque, high-touch but low-tech offerings of the past. As Anand Shah, CIO – PMS and AIF Investments at ICICI Prudential Asset Management Co., explains, the modern client expects more. 'Today's PMS clients, typically affluent or HNIs, are no longer satisfied with basic discretionary services,' Shah notes. 'They demand greater transparency, real-time visibility, and personalised strategies that are aligned with their financial goals. This shift has prompted PMS providers to upgrade digital capabilities, enhance client experience, and rethink relationship management.' This evolution is a direct reflection of a broader maturation in India's wealth management industry. Technology has been the great equalizer, dramatically lowering entry barriers by streamlining onboarding, reporting, and compliance. 'Resident investors can now be onboarded in less than 24 hours,' says Aashish P. Somaiyaa, Chief Executive Officer at WhiteOak Capital Asset Management. 'Digital documentation, e-signatures, and better KYC systems have removed much of the friction. While onboarding remains complex for NRIs and institutions, the broader direction is clearly positive.' The bedrock of belief: India's macroeconomic resilience This transformation isn't happening in a vacuum. It is anchored in the bedrock of India's macroeconomic resilience and stability. In just a decade, the nation has ascended from the world's 10th largest economy to fifth, doubling its GDP in the process. Unlike global peers grappling with debt, India has demonstrated consistent fiscal prudence. The country's fiscal deficit is projected to fall to 4.4% of GDP this fiscal year, down from 5.6% the year prior, all while building a formidable buffer of foreign exchange reserves. These sound fundamentals have cemented India's status as a premier long-term investment destination, bolstering the confidence of domestic investors who are now the primary drivers of the market. 'There has been a definitive shift in the maturity of India's investor base,' Somaiyaa observes. 'The surge in SIPs, especially among younger investors, signals a long-term, goal-oriented approach to investing. Domestic participation, both retail and institutional, has become the backbone of market flows, offering a buffer against foreign capital volatility.' A market powered by domestic ambition The result of this newfound domestic confidence is a capital market that is vibrant, deep, and increasingly self-reliant. India now accounts for nearly 10% of global IPO volumes—a remarkable feat in a world where listing activity in many developed markets has been sluggish. 'The strength of India's primary market is a clear reflection of supportive macro trends,' says Rahul Aggarwal, Indian Market and Product Specialist at Bloomberg. 'Indian firms, and increasingly even global players, are choosing to raise capital here, showing how vibrant and mature our public markets have become.' This maturity is also visible in the derivatives market, where participation from retail and proprietary traders has exploded. 'Since the pandemic, premium turnover in derivatives has jumped from $10 billion to over $150 billion per month,' Aggarwal adds. 'Retail participation has completely transformed the segment, though regulators are rightly tightening norms to ensure sustainability and mitigate risks.' However, this sustained bull run warrants a degree of caution. Nitin Chanduka, Equity Strategist at Bloomberg Intelligence, notes that while the fundamentals are strong, valuations are a key concern. 'The uptrend in Indian equities since the pandemic is the longest in the past two decades, fueled by premium consumption, surging manufacturing, and unprecedented domestic liquidity,' he shares. 'But record-high valuations and slowing top-line growth suggest there's little scope for earnings misses. This is a key risk to watch out for in 2025 as valuations remain expensive, notably in small and mid-cap segments.' The digital engine: technology as a core differentiator Underpinning all these trends is a technological revolution that has permeated every corner of financial services. From AI-powered quantitative research to seamless trade execution and integrated client reporting, digital transformation is now the central nervous system of modern investment management. 'Technology is no longer just an enabler; it's the engine of scale and efficiency,' says Shah of ICICI Prudential AMC. 'We're seeing growing adoption of AI in strategy development, particularly in quantitative investing, though the lack of consistent data remains a challenge. For now, the most effective use of AI is as a complementary layer to traditional research.' The next chapter in India's wealth story India's capital markets are in a state of historic transition—from being reliant on foreign capital to being domestically anchored, from product-centric to service-oriented, and from manual systems to digital-first operations. Within this paradigm shift, PMS and AIFs are emerging not merely as alternatives, but as mainstream vehicles for serious, sophisticated wealth creation. The road ahead will demand continuous innovation, robust risk management, and a relentless focus on the investor.
Yahoo
16 minutes ago
- Yahoo
Newmont's Q2 Earnings Outpace Estimates on Higher Gold Prices
Newmont Corporation NEM reported second-quarter 2025 earnings from continuing operations of $1.85 per share compared with 73 cents in the year-ago one-time items, adjusted earnings were $1.43 per share, up from 72 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.04 per revenues for the second quarter were $5,317 million, up 20.8% from $4,402 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4,582.5 million. The increase in the top line was primarily due to higher year-over-year realized gold prices. Newmont Corporation Price, Consensus and EPS Surprise Newmont Corporation price-consensus-eps-surprise-chart | Newmont Corporation Quote Newmont's Operational Highlights Newmont's attributable gold production in the second quarter of 1.48 million ounces was 8.1% lower than the prior-year quarter's figure. The figure beat our estimate of 1.42 million realized prices of gold rose around 41.4% year over year to $3,320 per ounce. The figure topped our estimate of $2,953 per company's costs applicable to sales (CAS) for gold were $1,215 per ounce, up 5.5% year over year. The figure lagged our estimate of $1,228 per costs (AISC) for gold were up around 2% year over year to $1,593 per ounce. The figure missed our estimate of $1,657 per ounce. NEM's Financials The company ended the quarter with cash and cash equivalents of $6,185 million, up 137.7% year over year. At the end of the quarter, the company had a long-term debt of $7,132 million, down 17.9% year over cash from continuing operations amounted to $2,384 million in the reported quarter, up from $1,428 million in the year-ago board authorized an additional $3 billion share repurchase program. Newmont's 2025 Outlook Newmont anticipates maintaining its expected gold production for 2025 at about 5.9 million ounces. The company also projects total CAS for gold at $1,200 per ounce and an AISC of $1,630 per ounce. General and Administrative expenses are forecasted at $475 million. Reclamation and Remediation Accretion are projected at $475 million, while exploration and advanced projects expenses are predicted at $525 million. NEM's Price Performance Newmont's shares have gained 31.7% in the past year compared with a 43.9% rise in the industry. Image Source: Zacks Investment Research NEM's Zacks Rank & Key Picks NEM currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Kinross Gold Corporation KGC and Agnico Eagle Mines Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks is scheduled to report second-quarter results on July 30. The Zacks Consensus Estimate for KGC's second-quarter earnings is pegged at 27 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 16.1%. KGC currently carries a Zacks Rank # Eagle is slated to report second-quarter results on July 30. The consensus estimate for AEM's earnings is pegged at $1.66. AEM, carrying a Zacks Rank #1, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Royal Gold, Inc. (RGLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
an hour ago
- Yahoo
Asia-Pacific Data Center Dielectric Fluid Market Report 2025, with Competitive Benchmarking of ENEOS Corporation
Key factors driving growth in the APAC data center dielectric fluid market include increasing environmental concerns, the need for sustainable cooling solutions, and advancements in dielectric fluid technology. Countries like India, Japan, and Singapore are leading this transition, supported by smart industrial partnerships and regulatory frameworks. The market's development focuses on innovation and sustainability, essential for efficient digital infrastructure growth across the APAC region. Asia-Pacific Data Center Dielectric Fluid Market Dublin, July 18, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Data Center Dielectric Fluid Market: Focus on Application, Fluid Type, Solution Type, and Country-Level Analysis - Analysis and Forecast, 2024-2034" report has been added to Asia-Pacific data center dielectric fluid market (excluding China) was valued at $34.13 million in 2024 and is projected to grow at a CAGR of 29.12%, reaching $439.42 million by 2034. Growing environmental concerns and the need for sustainable and energy-efficient cooling solutions for data centres are driving market expansion in the APAC region. Adoption is speeding up due to advancements in dielectric fluid technology and enhanced system performance. Furthermore, the transition to high-performance and environmentally friendly cooling systems is being fuelled by smart industrial partnerships and strict regional laws. The market is still developing with a strong emphasis on innovation and sustainability as the region's digital infrastructure grows, helping APAC make the shift to more environmentally friendly data centre operations. Leading the way in this change are nations like China, India, Japan, Singapore, and South Korea, driven by investments in hyperscale data centres, government sustainability regulations, and rising demand for cloud computing. Dielectric fluids are becoming more and more appealing due to technological advancements in fluid formulations, such as synthetic esters and eco-friendly alliances between fluid suppliers, equipment makers, and data centre operators are also influencing the sector. Nevertheless, there are still issues, such as large upfront investment costs, a lack of uniformity, and regional variations in regulations. Notwithstanding these obstacles, the demand for scalable cooling solutions in next-generation data centres and the region's move towards greener, more efficient digital ecosystems are expected to propel the APAC dielectric fluid market's steady growth. APAC Data Center Dielectric fluid Market Trends, Drivers and Challenges Market Trends Rising adoption of liquid and immersion cooling technologies in hyperscale and edge data centers Increased demand for biodegradable and non-toxic dielectric fluids aligned with ESG goals Technological advancements in synthetic ester and fluorinated fluid formulations offering improved thermal stability and longevity Growing deployment of two-phase immersion cooling systems for high-density computing workloads (e.g., AI, HPC) Regional expansion of local dielectric fluid manufacturers and custom fluid solutions Integration of smart fluid monitoring systems to track performance and degradation in real-time Market Drivers Surge in digital infrastructure investments across APAC (e.g., India, China, Singapore) Stricter energy efficiency and PUE targets imposed by governments and green data center regulations Growing heat densities from AI, blockchain, and 5G computing workloads demanding advanced cooling Sustainability initiatives pushing data center operators to adopt eco-friendly cooling alternatives Strategic partnerships between fluid suppliers, data center OEMs, and cloud providers accelerating technology adoption Rising awareness of total cost of ownership (TCO) benefits over air and water cooling systems Market Challenges High upfront costs of dielectric fluids and retrofitting legacy systems Limited standardization and certification frameworks specific to dielectric fluid use in APAC Supply chain constraints for specialty chemicals and base fluids Lack of skilled workforce familiar with liquid cooling system design and maintenance Environmental disposal and recycling complexities, especially for synthetic and fluorinated fluids Compatibility concerns with various IT and electrical hardware components Report Scope: Market Insight and Trend Analysis: By providing an in-depth understanding of the Asia-Pacific data center dielectric fluid market, including key drivers, challenges, trends, and opportunities, the report helps organizations identify market dynamics that are essential for strategic decision-making. It also highlights emerging technologies, customer needs, and evolving regulations, enabling businesses to align their operations with industry trends. Competitive Landscape Understanding: The report offers a detailed competitive analysis, helping organizations understand the positioning and strategies of key players in the market. This information can be valuable for benchmarking, identifying gaps in the market, and formulating strategies to gain a competitive edge. Strategic Planning: With insights into market segments, regional dynamics, and future growth areas, this report supports businesses in their long-term strategic planning. It helps organizations prioritize investments in technology, research and development, and geographical expansion based on where the greatest market potential lies. Risk Management: Understanding regulatory changes, technological advancements, and other market factors enables businesses to proactively mitigate risks, such as changes in compliance requirements or shifts in consumer preferences. Investment Decisions: The report's market projections and analysis of key growth areas provide valuable insights for potential investors or companies looking to enter the market. It offers data-driven insights that can guide investment strategies and reduce uncertainties in capital allocation. Innovation and Product Development: Insights into technological advancements and customer preferences can help organizations innovate and develop new products that cater to market demands, ultimately enhancing their product portfolios and driving revenue growth. Key Attributes: Report Attribute Details No. of Pages 65 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $34.13 Million Forecasted Market Value (USD) by 2034 $439.42 Million Compound Annual Growth Rate 29.1% Regions Covered Asia Pacific Key Topics Covered:1 Markets1.1 Data Center Dielectric Fluid Market: Current and Future1.1.1 Integration with Renewable Energy Solutions1.1.2 Advancements in Dielectric Fluid Formulations1.2 Supply Chain Overview1.3 Market Dynamics: Overview1.3.1 Market Drivers1.3.1.1 Increasing Focus on Retrofitting and Brownfield Projects1.3.1.2 Rising Enterprise Adoption of Data Center GPUs for High-Performance Computing Applications1.3.2 Market Restraints1.3.2.1 Elevated Increased Costs Arising from System Failures and Fluid Leaks1.3.2.2 Negative Environmental Concerns about Fluorocarbons1.3.3 Market Opportunities1.3.3.1 Government Support for Smart City Development and Digitalization1.3.3.2 Advancements in 5G and 6G Technologies1.3.3.3 Emerging Growth Potential for Edge Computing and Increasing Penetration Rate of the Internet of Things (IoT) and Cloud Services1.4 Ecosystem and Ongoing Programs1.4.1 Associations and Consortiums1.4.2 Government Programs and Initiatives Landscape2 Regions2.1 Data Center Dielectric Fluid Market (by Region)3 Markets- Competitive Benchmarking and Companies Profiled3.1 Next Frontiers3.2 Competitive Benchmarking3.3 Company Profiles3.3.1 ENEOS Corporation3.3.1.1 Overview3.3.1.2 Top Products/Product Portfolio3.3.1.3 Top Competitors3.3.1.4 End-Use Applications3.3.1.5 Key Personnel3.3.1.6 Analyst View3.3.1.7 Market ShareFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Data Center Dielectric Fluid Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
