Vedanta sells copper concentrate from stockpiles at shuttered India smelter [Reuters]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
Vedanta sells copper concentrate from stockpiles at shuttered India smelter | Reuters 2 Min Read NEW DELHI/SHANGHAI, Nov 16 (Reuters) - India’s Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns. The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told Reuters on Thursday. He declined to be identified, saying it was against company policy. The Tamil Nadu state disconnected the smelter’s power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters. The company has denied that the plant, India’s second biggest copper smelter located in the port city of Thoothukudi, pollutes the area. The closure of the plant has disrupted Asia’s copper market. But tra
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