Anil Agarwal, chairman of Vedanta Resources, has likened key minerals like copper, zinc, aluminum, and silver to gold on account of their rising significance in trendy expertise and sustainable practices. In a current social media put up, he said that these minerals are not solely important for new-age applied sciences but additionally have environmental advantages.
Agarwal said on X (previously referred to as Twitter), “They support a climate-friendly world.They are recyclable. And using the latest technology, they can be mined without damaging the environment.”
These minerals are utilized in applied sciences that help the shift to clear vitality, like batteries, electrical vehicles, and photo voltaic panels, in addition to in superior laptop chips.
Agarwal’s feedback about critical minerals come as gold costs are hitting file highs, pushed by traders searching for security amid geopolitical and financial uncertainties.
He additional added that the actually exceptional and sometimes missed development is going on in metals like copper, aluminum, zinc, and silver, which are critical minerals.
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In current weeks, each copper and aluminum costs have surged to multi-year highs, and consultants consider this upward momentum is more likely to proceed.
Copper and aluminum costs have risen sharply in the previous few weeks, reaching ranges not seen in years. Experts predict that this upward development is more likely to proceed.
Vedanta owns a majority stake in Hindustan Zinc, India’s largest producer of zinc and silver. Vedanta can be India’s main aluminum producer and has companies in oil and fuel, metal and iron, and energy.
The demand for these critical minerals is rising at a a lot quicker charge than the provide. With India’s rising manufacturing sector, Anil Agarwal believes the nation ought to goal for self-sufficiency in these key sources. He emphasised the want for extra exploration and simpler regulatory approvals to spice up home manufacturing.
Agarwal additionally introduced that Vedanta plans to speculate $20 billion in its varied companies over the subsequent 4 years.
Agarwal said on X (previously referred to as Twitter), “They support a climate-friendly world.They are recyclable. And using the latest technology, they can be mined without damaging the environment.”
These minerals are utilized in applied sciences that help the shift to clear vitality, like batteries, electrical vehicles, and photo voltaic panels, in addition to in superior laptop chips.
Agarwal’s feedback about critical minerals come as gold costs are hitting file highs, pushed by traders searching for security amid geopolitical and financial uncertainties.
He additional added that the actually exceptional and sometimes missed development is going on in metals like copper, aluminum, zinc, and silver, which are critical minerals.
ALSO READ | What is 24 karat gold? Know distinction between 999 vs 995 fineness gold
In current weeks, each copper and aluminum costs have surged to multi-year highs, and consultants consider this upward momentum is more likely to proceed.
Copper and aluminum costs have risen sharply in the previous few weeks, reaching ranges not seen in years. Experts predict that this upward development is more likely to proceed.
Vedanta owns a majority stake in Hindustan Zinc, India’s largest producer of zinc and silver. Vedanta can be India’s main aluminum producer and has companies in oil and fuel, metal and iron, and energy.
The demand for these critical minerals is rising at a a lot quicker charge than the provide. With India’s rising manufacturing sector, Anil Agarwal believes the nation ought to goal for self-sufficiency in these key sources. He emphasised the want for extra exploration and simpler regulatory approvals to spice up home manufacturing.
Agarwal additionally introduced that Vedanta plans to speculate $20 billion in its varied companies over the subsequent 4 years.
