India aluminum consumption is expected to double to 11.37mt, while copper consumption is likely to grow 2.5x to 2.54mt over the next decade. Hindalco Industries (HNDL), at its annual investors' day, outlined its long-term strategy for both India business and Novelis. Out of already announced USD5bn India capex, HNDL is investing ~USD2bn and USD1.6bn in upstream businesses of aluminum and copper, respectively, while the rest would be spent on various downstream projects and coal mining. With captive coal mines...