Anil Agarwal, chairman of
Vedanta Resources
, has likened key minerals like
copper
,
zinc
,
aluminum
, and silver to gold due to their growing importance in modern technology and
sustainable practices
. In a recent social media post, he stated that these minerals are not only essential for new-age technologies but also have environmental benefits.
Agarwal stated on X (formerly known as Twitter), “They support a climate-friendly world.
They are recyclable. And using the latest technology, they can be mined without damaging the environment.”
These minerals are used in technologies that support the shift to
clean energy
, like batteries, electric cars, and solar panels, as well as in advanced computer chips.
Agarwal’s comments about
critical minerals
come as gold prices are hitting record highs, driven by investors seeking safety amid geopolitical and economic uncertainties.
He further added that the truly remarkable and often overlooked trend is happening in metals like copper, aluminum, zinc, and silver, which are critical minerals.
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In recent weeks, both copper and aluminum prices have surged to multi-year highs, and experts believe this upward momentum is likely to continue.
Copper and aluminum prices have risen sharply in the last few weeks, reaching levels not seen in years. Experts predict that this upward trend is likely to continue.
Vedanta owns a majority stake in
Hindustan Zinc
, India’s largest producer of zinc and silver. Vedanta is also India’s leading aluminum producer and has businesses in oil and gas, steel and iron, and power.
The demand for these critical minerals is increasing at a much faster rate than the supply. With India’s growing manufacturing sector, Anil Agarwal believes the country should aim for self-sufficiency in these key resources. He emphasized the need for more exploration and easier regulatory approvals to boost domestic production.
Agarwal also announced that Vedanta plans to invest $20 billion in its various businesses over the next four years.
