Copper Investing News » Hindalco: Indian Copper consumption to double by 2012

Hindalco: Indian Copper consumption to double by 2012

March 10, 2009 @ 12:11 am In Copper Company News

Hindalco Industries forcasted that domestic copper consumption is likely to double by 2012 to 1.1 million tonnes due to increased demand from the power sector.

S K Sharma, vice-president, marketing, Hindalco Industries, stated:

As such, transformers and wire cables are going to be two major contributors to the domestic copper demand.

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