NEW YORK — Vedanta Resources Limited (“Vedanta”) has announced the launch of CopperTech Metals Inc., a U.S.-based company dedicated to strengthening America’s copper security and supporting the nation’s growing technology and infrastructure needs. The initiative aims to “Power the Copper Century” by combining Zambia’s world-class Konkola Copper Mines with cutting-edge mining technologies and artificial intelligence.
CopperTech Metals will own and operate the Konkola Copper Mines in Zambia—one of the world’s richest copper and cobalt assets—and plans to invest an additional $1.5 billion to boost production and implement advanced AI-driven exploration and extraction technologies. This will increase production capacity from 140,000 tonnes in FY26 to 300,000 tonnes by 2031, with long-term plans to reach 500,000 tonnes annually, positioning CopperTech among the largest copper producers globally.
Anil Agarwal, Founder and Chairman of Vedanta Group, stated:
“Today marks a historic and pivotal moment. CopperTech will play a significant role in connecting America’s critical mineral needs with Zambia’s copper legacy, unlocking innovation in clean energy and industrial growth on both sides of the Atlantic.”
According to the U.S. Geological Survey (2024), the United States currently imports about 45% of its refined copper, while China produces over 45% of global supply. With global copper demand expected to rise more than 40% by 2040, CopperTech’s Zambian operations provide a vital source of geographic diversification for U.S. supply chains.
Tom Albanese, Director at CopperTech Metals, added:
“The next 25 years will require more copper than has been produced throughout human history. CopperTech is well positioned to serve as a strategic partner for America’s infrastructure needs.”
Strategic Partnerships and Infrastructure Expansion
In July 2024, the Zambian government returned management control of Konkola Copper Mines Plc to Vedanta, aligning with Zambia’s 2030 Copper Vision. The project benefits from Zambia’s collaboration with the U.S.-backed $10 billion Lobito Corridor, linking the Copperbelt to Angola’s Atlantic coast and providing efficient logistics for exports to the U.S.
World-Class Asset
Konkola’s ore grades average 2.9%, with deep mine grades reaching 3.3%—four times higher than global averages. Its integrated facilities include underground mines, processing plants, smelters, and recycling units, giving CopperTech a competitive edge in cost, quality, and sustainability.
About CopperTech Metals Inc.
Founded by Vedanta Resources, CopperTech Metals Inc. is a U.S.-domiciled integrated copper and cobalt producer operating Zambia’s renowned Konkola Copper Mines. Its mission is to support U.S. technology, energy, and infrastructure modernization by combining superior ore quality with advanced technology and AI-driven efficiency.
About Vedanta Resources Limited
Headquartered in London, Vedanta Resources Limited operates across India, Africa, the Middle East, and Asia, producing zinc, silver, aluminum, oil & gas, copper, iron ore, nickel, cobalt, and energy.
More information: www.vedantaresources.com