Copper Import Quality Curbs
India Defends Copper Import Quality Curbs Amid Legal Challenge
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Background:
The Indian government is defending its Quality Control Order (QCO) on copper cathode imports in the Delhi High Court, following a legal challenge by the Bombay Metal Exchange (BME) and the Bombay Non-Ferrous Metals Association. -
Petitioners' Argument:
Trade bodies argue that the QCO would:-
Cause supply shortages
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Create a domestic monopoly controlled by companies like Hindalco, Vedanta, Adani, and Hindustan Copper.
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Context:
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India is the world’s second-largest importer of refined copper
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Copper is one of 30 critical minerals identified by India (2023)
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Demand is projected to double by 2030
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Imports rose after the 2018 closure of Vedanta’s Sterlite Copper smelter
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Japan accounts for two-thirds of India’s copper imports.