New Delhi: Vedanta Group Chairman Anil Agarwal has post something on Thursday on social media platform X and Anil Agarwal has highlighted that copper’s rising strategic value, calling it the next gold in the era off clean energy and advanced technology and it could be the next gold for the entrepreneurs and investors a good thing for them in sometimes. He also shared a photograph, saying that copper is the next gold and 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 defense equipment, he stated in the post. 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 this also in that post. A great opportunity for young entrepreneurs and investors, let’s make it a mission, 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% purity soared by Rs 1,650 and hit an all-time high of Rs 98,100 per 10 grams. Gold of 99.5% 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. They 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.
