Asia copper premiums said likely to continue climbing

Apr 29, 2013 | 05:58 PM | Shivani Singh

Tags  Sterlite Industries, Vedanta Resources, copper, smelter shutdown, copper premiums, P. Ramnath, Shivani Singh

SINGAPORE — Asian copper premiums are likely to keep rising as India’s largest copper smelter remains closed.

The 400,000-tonne-per-year smelter, operated by Vedanta Resources Plc subsidiary Sterlite Industries India Ltd., was shut down in late March after area residents complained that plant emissions caused them to have breathing problems.

An expert panel that inspected the plant had been expected to present its report to a fast-track environmental court in Tamil Nadu state April 29. But in a surprise development, the judge said that the sealed report would instead be sent to a court in New Delhi.....

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