Vedanta Group Chairman Anil Agarwal has declared that the world is “now entering the New Copper Age,” emphasizing that copper will play a central role in driving future technologies — from artificial intelligence and renewable energy to electric mobility and data infrastructure.

“Copper has a very close association with the advance of human civilisation, and our ancient India. Around 6,000 years ago, the Indus Valley Civilisation, one of the world’s first great civilisations, came up in the Copper Age when we learnt to use the red metal for the first time. I believe we are now entering a New Copper Age,” Agarwal said.

He added that India is well-positioned to become a global copper leader, given its human resources, natural deposits, and advancing technological capabilities. “Our future will be as prosperous and glorious as our ancient past,” he stated.

Analysts also share a bullish view on copper’s potential. Market expert Sujay U said copper could be the metal that reshapes global wealth over the next 5–10 years, as the world cannot build its future infrastructure without it. Copper remains essential for EVs, solar panels, charging stations, power grids, electronics, and construction.

Globally, supply challenges are mounting. The Grasberg mine in Indonesia, one of the world’s largest copper producers, has faced floods and accidents, sparking concerns of a production shortfall exceeding 600,000 tons by 2026. Since opening new mines takes over a decade, shortages could worsen.

Copper prices recently surged 3–3.5% in a single day, driven by these constraints. Goldman Sachs and Citi have projected that copper could rise to $11,000–$14,000 per ton in the coming years — a potential 20–50% increase — underscoring its importance in the global economic and technological landscape.

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