VERIFIEDET Markets·3 Jul 2026neutral

LME approves Adani's major copper smelter in India as listed brand

AI Summary

·The London Metal Exchange has approved Adani Copper for delivery against its contracts, with warrant issuance starting July 10.
·The Kutch Copper unit in Gujarat, operated by Adani Enterprises, has a production capacity of 500,000 tonnes.
·This approval could enhance India's self-reliance in copper and decrease import dependency.