{"id":622237,"date":"2023-12-13T10:15:53","date_gmt":"2023-12-13T04:45:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622237"},"modified":"2023-12-13T10:53:43","modified_gmt":"2023-12-13T05:23:43","slug":"indias-refined-copper-demand-to-grow-by-11-in-fy24-on-govts-infra-development-plans-transition-to-renewable-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-refined-copper-demand-to-grow-by-11-in-fy24-on-govts-infra-development-plans-transition-to-renewable-energy\/","title":{"rendered":"India\u2019s refined copper demand to grow by 11% in FY24 on govt\u2019s infra development plans, transition to renewable energy"},"content":{"rendered":"<p>The domestic refined copper demand growth will remain healthy at ~11 per cent in FY2024 and FY2025, outpacing the rate of global growth in copper demand, given the Government\u2019s thrust on infrastructure development and a gradual transition to renewable energy, according to a report by ICRA. Per the report, the price of copper is expected to remain range-bound at current levels of ~8200-8300\/tonne in the near term and it foresees a stable outlook for the domestic copper industry. <\/p>\n<p>In the domestic market, around ~40 per cent of the copper is consumed in the infrastructure and construction sector and ~11-13 per cent each in the automobile and consumer durable sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The domestic refined copper demand growth will remain healthy at ~11 per cent in FY2024 and FY2025, outpacing the rate of global growth in copper demand, given the Government\u2019s thrust on infrastructure development and a gradual transition to renewable energy, according to a report by ICRA. Per the report, the price of copper is expected to remain range-bound at current levels of ~8200-8300\/tonne in the near term and it foresees a stable outlook for the domestic copper industry. In the domestic market, around ~40 per cent of the copper is consumed in the infrastructure and construction sector and ~11-13 per [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-622237","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=622237"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622237\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}