Billionaire Gautam Adani's copper plant in India, set to launch in March, will spike ore imports, impacting global supply. The 500,000-ton facility amplifies India's copper output by 80%, coinciding with a global ore shortage due to closures elsewhere. India's import could hit 2 million tons in 2024, straining an already tight market, driven by rapid smelting growth in China and India. The plant's potential to double capacity will fuel India's demand amid the shift to renewable energy.
