Copper Imports Rose By 26% To Reach 60,766 Tonnes In June Quarter
NDTV
Country's copper imports went up by 26 per cent to reach 60,766 tonnes in the first quarter of the current financial year.
Country's copper imports went up by 26 per cent to reach 60,766 tonnes in the first quarter of the current financial year (2021-22). The imports were 48,105 tonnes during the corresponding period of 2020-21.
According to the International Copper Association (ICA), which has provided the data, the imports are expected to rise further during the current fiscal as economic activities have witnessed a rise due to lifting of Coronavirus related curbs across the country.
In fact the association said that the imports may touch the 3 lakh tonnes mark during this period.
The ironical part though is that copper imports are rising despite India having the capacity to meet the domestic demand for the mineral.
