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Vedanta's CopperTech Metals targets $3.6 billion valuation in US IPO

CopperTech Metals, a subsidiary of Vedanta Resources, is targeting a valuation of $3.57 billion in its upcoming U.S. IPO, aiming to raise up to $423.5 million. The company, which manages Zambia's Konkola Copper Mines, plans to offer 23.5 million shares priced between $16 and $18. This IPO is significant as it highlights the growing interest in mining sectors and international investments, especially in the copper and cobalt markets, critical for global energy transitions.