Sumitomo Metal Mining has outlined its expectations for the global nickel and copper markets in its 2027 three-year business plan, forecasting continued surpluses in both metals through at least 2026. The company anticipates a nickel market surplus of around 200,000 tons annually in both 2025 and 2026, driven primarily by ongoing production growth in China...
READ MORERio Tinto has signed a final joint venture agreement with Japan’s Sumitomo Metal Mining (SMM) for the development of the Winu copper and gold project in the Great Sandy Desert, Western Australia. The deal gives SMM a 30% stake in the project for up to $430.4 million. Under the terms, SMM will pay $195 million...
READ MORESumitomo Metal Mining has acquired full ownership of Coral Bay Nickel (CBNC) after purchasing the remaining shares from Nickel Asia (NAC). In a stock exchange filing on Monday, NAC confirmed it signed a Special Purchase Agreement to sell its 15.625% stake in CBNC to Sumitomo. Prior to the transaction, Sumitomo already held an 84.38% majority...
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