JSW Group to invest $301 mln in India copper mines
JSW Group to invest $301 mln in India copper mines in non-ferrous foray as steel prices dull
India's steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.
Base metal prices are mixed, with LME three-month copper down 1.1% at $9,167.50 a metric ton and LME three-month aluminum down 0.3% at $2,623 a ton. LME three-month nickel rises 1.2% to $15,775 a ton.
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