**India's Aluminium & Copper Vision Documents: **
I. Core Objectives & Targets
| Resource | Aluminium Vision | Copper Vision |
|---|---|---|
| Goal | 6× production by 2047 (4.5 → 37 MTPA) | 6× demand by 2047 |
| Short-term Target | Bauxite: 50 MTPA by 2030 | Smelting/refining: +5 MTPA by 2030 |
| Long-term Target | Bauxite: 150 MTPA by 2047 | Reduce import dependence |
| Other Focus | Double recycling rate, Low-carbon tech | Scale secondary refining, Boost recycling |
| Global Aim | 10% global market share by 2047 | Secure raw materials via overseas assets |
II. Strategic Significance
- Economic Growth:
- Critical for India to become 3rd largest economy by 2047.
- Requires ₹20 lakh crore investment (Aluminium sector).
- Green Transition:
- Aluminium: Key for EVs, clean energy, infrastructure.
- Copper: Vital for solar power, EVs, energy transition.
- Resource Security:
- Reduce import dependency via overseas mineral assets (Copper).
- Policy reforms for raw material security (Aluminium).
III. Value Addition for Mains
- Challenges: High investment needs, Environmental costs of mining, Import dependency (e.g., 90% copper concentrate imported).
- Global Context: China dominates global aluminium (55% production) and copper refining (40%).
- Quotable Quote: "Aluminium is the metal of the future for energy independence and net-zero ambitions" – Vedanta CEO.