Canada-India Copper Trade Opportunity (2025–2047). Download the eBook
With India's rapid economic growth and ambitious development goals leading up to 2047, its demand for copper is expected to increase dramatically—potentially reaching nearly six times today's levels. Due to limited domestic reserves and smelting capacity, India faces significant supply challenges, creating an immense need for imported copper, especially concentrates and refined copper.
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Canada, historically a major copper exporter primarily to the United States, has recently encountered a major disruption due to a new 50% U.S. tariff on copper imports. This shift compels Canadian copper producers to seek alternative markets. With abundant copper reserves, stable production capabilities, and established logistics to Asian markets, Canada is uniquely positioned to meet India's growing copper requirements.
This report evaluates how Canada can strategically pivot its copper exports toward the Indian market, benefiting both nations. India's escalating demand aligns perfectly with Canada's capacity to export copper concentrates, refined copper cathodes, and value-added copper products. Strengthening this trade relationship represents a significant, long-term opportunity, providing Canada with a viable alternative to the now-restricted U.S. market and supporting India's ambitious development objectives.
