Trade Brains .
India's copper demand is soaring, driven by EVs, renewable energy, and Battery Energy Storage Systems (BESS), with BESS demand projected to rise from 0.24 thousand tonnes in FY25 to over 56 thousand tonnes by FY30.
Hindalco, a key player, produced 368,000 tonnes of cathodes in FY23-24. Despite reserves, India heavily relies on imports due to domestic production gaps.