Morning Bites (part 2)

🇮🇳India’s authorities have approved a ~USD19bn renewable energy programme, Reuters reports, citing the local information minister. Specifically, ~USD14bn will be allocated to improve existing grids and add storage, as India ⁠targets raising its non-fossil fuel power capacity to 500GW by ⁠2030 (vs. 304GW at present)

Overall, growing investment in renewable energy, grids and storage facilities underpin our positive view on copper and aluminium, which are the key beneficiary metals of the proposed global transition to clean energy in 2026-30

#copper #aluminium