Lloyds turns to copper to cut iron ore reliance, targets $1.3 billion business over 5 years

Lloyds Metals is shifting focus to copper to lessen its dependence on iron ore and India. They plan to produce 100,000 tonnes of copper over five years, aiming for a $1.3 billion business. Managing director Rajesh Gupta said, "it's also de-risking from one commodity or one location." This strategy involves assets in Congo and Papua New Guinea.