Vedanta to Launch CopperTech Metals with $1.5 Billion Investment to Bolster US Copper Supply

Vedanta Resources has unveiled a new US-based subsidiary, CopperTech Metals Inc., which will own and manage its Konkola Copper Mines (KCM) operations in Zambia, as per the news reports. 

The move underscores Vedanta’s commitment to advancing copper production while supporting the United States’ ambitions for mineral self-reliance amid growing demand for clean energy and digital infrastructure.

A $1.5 Billion Bet on Copper Independence

CopperTech Metals will lead a $1.5 billion investment programme aimed at modernising operations and scaling production at KCM through AI-driven exploration and extraction. The initiative builds on Vedanta’s existing $3 billion investment in the asset, with an additional commitment of $1.5 billion. 

Priya Agarwal-Hebbar, who serves as a director at Vedanta and chairperson of Hindustan Zinc, will head CopperTech Metals as chairperson. The company plans to increase KCM’s annual integrated copper output from 140,000 tonnes in FY26 to 300,000 tonnes by FY31, eventually reaching 500,000 tonnes per year. 

Strengthening Global Supply Chains

The creation of CopperTech Metals comes as the US seeks to cut its 45% reliance on imported refined copper, while China continues to account for nearly half of global output. Vedanta’s new subsidiary will leverage the high-grade Konkola resource, where ore quality averages 2.9% nearly four times the global mean. 

As per the news reports, Tom Albanese, director at CopperTech Metals, noted, “The next 25 years will require more copper than has been produced throughout all of human history. CopperTech is positioned to serve as a strategic partner for America’s infrastructure needs.” 

The company’s operations are set to benefit from the US-backed $10 billion Lobito Corridor project, connecting Zambia’s Copperbelt to Angola’s Atlantic coast, thereby improving export logistics for the US industrial and technology sectors.

Innovation and Sustainability at the Core

Vedanta said CopperTech Metals will use cutting-edge automation and AI tools to enhance efficiency, minimise environmental impact, and ensure sustainable mining practices. The firm’s integrated operations, spanning underground mining, processing, smelting, and copper recycling, are expected to deliver long-term competitiveness. 

Read More: Vedanta Inks Pact to Supply 500 MW Power to Tamil Nadu Discoms!

Vedanta Share Price Performance 

As of November 07, 2025, at 3:30 PM, Vedanta share price is trading at ₹515.15 per share, reflecting a gain of 2.02% from the previous closing price.

Conclusion

With the launch of CopperTech Metals, Vedanta Resources strengthens its global presence in the copper industry, bridging the mineral-rich lands of Zambia with the strategic industrial ambitions of the United States.

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