Vedanta to Invest $1.5 Billion in New US CopperTech Venture

Vedanta Ores has announced the inception of CopperTech Metals Inc, a subsidiary based in the United States, will directly own and operate the KCM. The move is consistent with the Trump administration's policy of deepening the domestic mining sector while limiting metal imports.

Led by Anil Agarwal group, the conglomerate is seeking to pump a $1.5 billion fresh round of capital into the copper tech implementation initiative to "make America more copper independent" while meeting its infrastructural and clean energy needs. CopperTech Metals CEO Priya Agarwal-Hebbar, Director at Vedanta and Chairperson of Hindustan Zinc, will continue her corporate leadership journey as Chairperson of CopperTech Metals.

Vedanta has the KCM copper production factory capacity increase in its sights, from integrated annual production of 140,000 tons in FY26 to 300,000 tons in FY31 with a target of 500,000 tons yearly in the long run thereby creating one of the biggest copper producers in the world. The idea accompanies the conglomerate’s already $3 billion investment in KCM, implementing AI-led exploration and extraction technology to make operations more productive and efficient.

Also Read: NTPC Green Energy to raise ₹1,500 cr via debenture issue

The world needs copper. Demand for copper is expected to more than double by 2040, primarily due to the AI data centers, electric vehicles, and power grid modernization. The US-backed Lobito Corridor— a $10 billion superhighway linking the Copperbelt in Zambia with Angola's Atlantic coast—will be the area where Copper tech gradually opens trade from Zambia's copper industry to US markets.

“The launch is the start of a historic partnership that links America’s mineral future with the copper heritage of Zambia,” Anil Agarwal, the Chairman of Vedanta said aligning this move with his company’s strategic plan for global energy transition and industrial progress. ​‍​‌‍​‍‌​‍​‌‍​‍‌