Copper is the third largest metal consumed in the world after steel and aluminum. According to the International Copper Association, in the first quarter of FY22 India’s copper imports shot up by 26% to 60,766 tonne from 48,105 tonne in the same period last year even as the nation was in the grip pf second Covid wave with multiple lockdowns.
Aman Maksad Khan, the owner of Karshni Industries, a company devoted to making copper available for technological and industrial needs, has shown the unexplored potentials in copper trading.
Aman’s interest in copper was borne out of its enormous benefits to man and its contribution to industrialisation. “When you look at your mobile phones, your television, the wiring of your house, your roofing works, and other machines, you’ll see copper in play. Its uses are enormous and this creates a very large market. Besides, it is one of the metals for the future which can help to drive the move from fossil fuel to renewable energy. Copper is a highly tradeable commodity. So, the market is huge and will continue to grow,”
A copper is a chemical element that has the appearance of a reddish-brown metal. It is used in several applications, such as wiring, motors, roofing, plumbing, and heat exchange. Its many uses make it a very critical mineral around the world traded on international metals exchanges. Aman, through Karshni Industries, continues to serve this need in emerging markets like India and beyond, due to its importance in industrial expansion today and even in the future.
“Copper is an international commodity and it’s traded across the world just like other global commodities and metals like gold, silver, oil and gas, and so on. It is a very serious business with monitoring mechanisms for pricing and supply. The fact that we’re able to participate and trade in copper shows just how organised and strategic we are as a company,” He added.