印度Kutch铜业公司赶上全球矿石短缺，原材料供应不足

Core Insights - Gautam Adani's Kutch Copper has invested $1.2 billion in a copper smelting plant in Gujarat, but is facing significant raw material supply challenges, receiving only a small fraction of the required ore for full capacity operation [1] - The plant requires approximately 1.6 million tons of copper concentrate to operate at full capacity, yet has imported only about 147,000 tons in the past ten months, compared to over 1 million tons by competitor Hindalco Industries [1] - Global copper smelting operations have been disrupted due to supply interruptions from major producers, leading to historically low processing fees, indicating smelters are accepting lower margins to secure raw materials [1] Industry Challenges - New entrants like Kutch Copper face higher maintenance costs and longer timelines for capacity expansion due to supply constraints [2] - Kutch Copper plans to double its annual capacity to 1 million tons within four years, but may incur short-term losses as it ramps up production [2] - India's increasing demand in infrastructure, power, and construction sectors is outpacing its limited processing capacity, highlighting challenges in achieving self-sufficiency in metal production [2]