Ancient Indians used copper in Ayurvedic medicine, establishing its medicinal value. Now, India accounts for 3% of the global copper market, having transitioned from a net importer to a net exporter. Key factors in India's copper industry growth include increased demand from automotive, telecom, power, and construction sectors, as well as overall industrial development. The top four companies in India's copper industry are Sterlite Industries Limited, Hindustan Copper Limited, Hindalco Industries Limited, and Jhagadia Copper Limited. However, more resources are needed to tap opportunities in the growing industry.
1 of 20
Downloaded 14 times
More Related Content
Potential of survival after entering the copper industry
2. Copper in India
Some thousands of years ago, ancient people
of India used copper in Ayurveda, which is a
holistic form of medicine for surgical tools.
Hippocrates, who is the father of medicine,
followed Indian practice of using copper for
medicinal purposes. The early usage of this
form of metal added its value and from the
industry began to grow. Now, the situation is
that the copper industry in the nation takes
up 3% of the entire world of copper market.
The country has earned the status of net
exporter of copper from the position of net
importer of Copper.
3. Factors contributing towards the
development of copper industry in
India
Domestic increase in industries like automobile,
telecommunications, power and construction
Industrial development in the nation
Increase in the global usage of copper
5. Top four companies in Copper
industry in India
Sterlite Industries Limited
Hindustan Copper Limited
Hindalco (Birla) Industries Limited
Jhagadia Copper Limited
6. Only four companies are leading the copper industry
but they are also not sufficient to tap the opportunities
available in this industry.
This industry demands more deployment of resources.
Many miners are required to meet the raw material
demand of many other industries as is discussed later
in this presentation.
There are also many other ways to survive and flourish
in this industry as discussed in next section.
8. No Supply Restriction
Reserves Under Exploration
20,000 sq.km out of 60,000 sq.km
Indian refining capacity higher than local demand- net
exporter of refined copper (Opportunity to trade
internationally)
Opportunity to increase ore production through expansion
and green field (without any hindrance of lack of
technology in finding new fields and mining it)
exploration.
15. Architectural Applications
Copper is heavily employed in the construction
industry. It is commonly found in buildings because it
is waterproof. This makes it suitable for cladding,
roofing and plumbing.
Lightning rods and roofs are often built of copper.
16. Industrial Applications
The metals high ductility makes it a practical tool for
industrial use. It is the third most widely used metal in
industries next to aluminum and iron. It is commonly
used in shipbuilding. The metal is alloyed with nickel.
17. Uses of Copper in Electricity
More than half of the copper produced is for
electricity. Its core functions are transmission of
electricity and power generation. The metal is
employed in generators, motors and transformers.
Properly set the metal produces electricity efficiently
and safely. The metal is also used in wiring and
electrical equipment. It is present in mobile phones,
TV and computers.
18. Application in Transportation
The element is used in construction of trains, cars,
lorries and other vehicles. Battery currents use high
purity copper wire harness systems (an assembly
of cables or wires which transmit signals or electrical
power.). The current is transmitted to satellite
navigation systems, on-board computers, central
locking and lights.
19. Practical Daily Application of
Copper
The metallic element is applied in fixtures, doorknobs
and other elements in a house. Copper electroplated
nickel silver is used for some knives, spoons, knives
and frying pans.
20. Biological Applications
Modern medicine applies copper bracelets to reduce
arthritis and joint pains. Its anti-microbial elements
assist in producing hygienic surfaces in healthcare
institutions.