Copper is one of the most important metals of the next decade.
* Every EV uses 4x more copper than a petrol car.
* Every solar panel.
* Every data center.
* Every charging station.
India currently imports 60% of its refined copper needs.
Last week, India's largest copper producer announced a massive long-term expansion plan with significant capex tied directly to this electrification megatrend.
And copper prices globally are near multi-year highs right now, driven by the same demand story.
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Yesterday, Adani bought Jaypee Group for Rs 14,535 Cr
But Vedanta had bid around Rs 17,000Cr, over Rs 2,000 Cr MORE than Adani
Yet their higher bid lost and Adani won the bid despite a lower bid!
So how did the lowest bid win one of India's largest bankruptcy deals?
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