Sterlite Industries (SLT -5.4%) says state regulators in India ordered it to shut a copper...

|By:, SA News Editor

Sterlite Industries (SLT -5.4%) says state regulators in India ordered it to shut a copper smelter over allegations of a gas leak, in a move that could spur imports and drive up regional premiums for the metal. The smelter is India's biggest, producing more than 300K metric tons/year to supply half the country's domestic copper needs.