Sterlite OK’d to restart plant; copper crimp seen lingering
Jun 03, 2013 | 01:47 PM
| Shivani Singh
SINGAPORE Indias National Green Tribunal (NGT) has allowed Sterlite Industries India Ltd. to restart operations at its Tuticorin copper smelter in the countrys south, although market participants expect supply tightness to continue.
"The initial euphoria of Tuticorin restarting (will) abate in India. ... I dont think they will ramp up (to full production) immediately," a trader in Singapore told AMM sister publication Metal Bulletin. "I think it will be a controlled start and the tightness in the copper market will continue." ....
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