Vedanta Group Chairman Anil Agarwal on Thursday took to social media platform X to highlight copper’s rising strategic value, calling it the “next gold” in the era of clean energy and advanced technology.
He shared a photograph saying, “Copper is the next gold.” He cited the example of Canada-based Barrick Gold—one of the world’s largest gold producers—rebranding itself simply as “Barrick,” signaling a pivot toward copper mining.
“Copper is the new super metal which is being heavily used in every advanced technology, whether EVs, renewable energy infrastructure, AI or defence equipment,” Agarwal said.
He pointed out that globally, copper mines are being revitalized and new smelters are being built to meet the surging demand. Against this backdrop, India too holds significant potential in the field of critical and transition metals, he noted.
“A great opportunity for young entrepreneurs and investors. Let’s make it a mission,” he added, encouraging a national push toward copper and other essential minerals.
Meanwhile, Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in Delhi on Thursday amid firm global demand, according to the All India Sarafa Association.
On Wednesday, the precious metal of 99.9 per cent purity soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams.
Gold of 99.5 per cent purity increased by Rs 70 to touch a fresh peak of Rs 97,720 per 10 grams against Wednesday's closing level of Rs 97,650 per 10 grams.
Barrick Gold plans name change as it doubles down on Copper
Barrick Gold Corp., the world’s second-largest gold producer, is proposing to drop “gold” from its name as it ramps up investments in copper mining.
“We are proposing to change our name from Barrick Gold Corporation to Barrick Mining Corporation, to reflect the company’s changing production profile,” the Canadian firm said in a press release on Friday.
CEO Mark Bristow has long expressed his ambition to expand Barrick’s copper portfolio. The Toronto-headquartered company is currently developing Reko Diq, a massive copper-gold project in Pakistan, and is also scaling up operations at its Lumwana copper mine in Zambia, which it says is on track to become one of the world’s largest.
He shared a photograph saying, “Copper is the next gold.” He cited the example of Canada-based Barrick Gold—one of the world’s largest gold producers—rebranding itself simply as “Barrick,” signaling a pivot toward copper mining.
“Copper is the new super metal which is being heavily used in every advanced technology, whether EVs, renewable energy infrastructure, AI or defence equipment,” Agarwal said.
He pointed out that globally, copper mines are being revitalized and new smelters are being built to meet the surging demand. Against this backdrop, India too holds significant potential in the field of critical and transition metals, he noted.
“A great opportunity for young entrepreneurs and investors. Let’s make it a mission,” he added, encouraging a national push toward copper and other essential minerals.
The world's second largest gold producer, Barrick Gold is rebranding to just Barrick. That is because it sees its future in copper.
— Anil Agarwal (@AnilAgarwal_Ved) April 17, 2025
Copper is the new super metal which is being heavily used in every advanced technology, whether EVs, renewable energy infrastructure, AI or defence… pic.twitter.com/YUDC5Rid4r
Meanwhile, Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in Delhi on Thursday amid firm global demand, according to the All India Sarafa Association.
On Wednesday, the precious metal of 99.9 per cent purity soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams.
Gold of 99.5 per cent purity increased by Rs 70 to touch a fresh peak of Rs 97,720 per 10 grams against Wednesday's closing level of Rs 97,650 per 10 grams.
Barrick Gold plans name change as it doubles down on Copper
Barrick Gold Corp., the world’s second-largest gold producer, is proposing to drop “gold” from its name as it ramps up investments in copper mining.
“We are proposing to change our name from Barrick Gold Corporation to Barrick Mining Corporation, to reflect the company’s changing production profile,” the Canadian firm said in a press release on Friday.
CEO Mark Bristow has long expressed his ambition to expand Barrick’s copper portfolio. The Toronto-headquartered company is currently developing Reko Diq, a massive copper-gold project in Pakistan, and is also scaling up operations at its Lumwana copper mine in Zambia, which it says is on track to become one of the world’s largest.
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