Mitsubishi Materials Corporation announced that it has reached a deal to acquire a 20% stake in Mantos Copper Holding SpA's copper mine in Mantoverde and to take part in the Mantoverde Development Project. At the conclusion of the acquisition, Mitsubishi Materials Corporation would invest USD 263 million in return for a 30% stake. The company will get the materials generated as copper concentrate and will have the right to offtake thirty percent of the copper produced, which is equal to its equity shares.
KME acquired 49% of the shares of Tréfimétaux SAS through an agreement with ECT-European Copper Tubes Limited on March 11, 2019, subject to the fulfillment of the above conditions, and reacquired 100% of the shares. They announced that they have signed a contract to do so. It is stipulated there. Share control over the company. The acquisition price at closing was USD 2.24 million.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5560
Published Date: Jan 23, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in electronic sector, growing demand for EVs are some of the major factors anticipated to drive the growth of the oxygen-free copper market.
The market is anticipated to attain a CAGR of ~5.29% over the forecast period, i.e., 2023-2035.
The major players in the market are of Sam Dong, Metrod Holdings Berhad, KME GERMANY GMBH, Hussey Copper, Wieland, Citizen Metalloys Ltd., Shanghai Metal Corporation, Mitsubishi Materials Corporation, and others.
The wires segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific excluding Japan is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.