Copper is fast becoming the metal of the future. Vedanta Group Chairman Anil Agarwal says the world is entering a “New Copper Age.” He explained that copper has always driven human progress. Around 6,000 years ago, the Indus Valley Civilisation used this red metal to shape early industry.
Agarwal believes India can lead this new era. He says the country has rich resources, skilled talent, and strong technology. “Our future can shine as brightly as our ancient past,” he said.
Market experts share his optimism. Analyst Sujay U believes copper will redefine global wealth in the next decade. The metal powers electric vehicles, solar panels, power grids, and data centers. Every major technology of the future depends on it.
However, supply struggles are growing. Indonesia’s Grasberg mine, one of the largest, has faced floods and accidents. New mines take over ten years to develop, raising fears of shortages.
Copper prices recently jumped more than 3% in one day. Goldman Sachs and Citi expect prices to touch $11,000–$14,000 per ton soon. That could mean a rise of up to 50%.
