VERIFIEDMint Companies·31 May 2026neutral

Lloyds turns to copper to cut iron ore reliance, targets $1.3 billion business over 5 years

AI Summary

·Lloyds aims to reduce reliance on iron ore by developing copper assets in Congo and Papua New Guinea.
·The company expects its copper business to generate ₹500-700 crore in Ebitda in FY27.
·This strategy targets a $1.3 billion business over the next five years.