KGHM Polska Miedź S.A. has renewed its long‑term copper supply agreement with NKT, one of Europe’s leading power cable manufacturers. The extension of the partnership ensures a stable off‑take of copper produced by KGHM in Europe and strengthens the Company’s position as a strategic supplier of raw materials for the energy sector. The renewed agreement guarantees long‑term copper availability through 2036, confirming the partner’s confidence in the quality of KGHM’s products and the reliability of its deliveries. The contract aligns with KGHM’s policy of building lasting relationships with customers and supporting the energy transition.

– Our long‑term cooperation with NKT highlights KGHM’s position as a dependable supplier of high‑quality copper products in a demanding market environment. It reflects the trust we have built together and our shared commitment to supporting the energy transition. We value this partnership, and we are proud that our wire rod will continue to contribute to the advanced and sustainable solutions developed by NKT, said Remigiusz Paszkiewicz, President of the Management Board of KGHM Polska Miedź S.A.

NKT’s copper demand continues to grow in line with the company’s expansion of production facilities to meet the high global demand for power cable solutions. Ensuring access to reliable copper supply sources is therefore essential to maintaining NKT’s competitiveness and strengthening the resilience of its value chain.

Guided by a long‑term perspective on copper market developments, NKT has strengthened its security of supply for the coming decade through the renewed agreement with KGHM. The contract serves as an enabler of NKT’s strategic ambitions of delivering reliably, sustainably and at scale, while reducing the company’s exposure to market fluctuations and geopolitical uncertainty.

– Our extended partnership with KGHM is an important step in securing the long‑term supply of copper that underpins our ability to deliver reliable power cable solutions to our customers. KGHM is a long standing, trusted partner to NKT, consistently demonstrating strong operational performance and high‑quality output. By strengthening this relationship, we reinforce the robustness of our supply chain, reduce our exposure to market volatility and ensure a stable foundation for NKT’s continued growth, says Claes Westerlind, President & CEO of NKT.

KGHM operates across the entire copper value chain, from mining, smelting, refining and, recycling to rod manufacturing. By leveraging KGHM’s vertically integrated production capabilities and strong European footprint, NKT secures stable and reliable access to European  sourced copper for a significant share of its future requirements, which is especially important given the EU’s strategy to boost resilience by supporting domestic production of critical raw materials as well as the increasing attention paid to the local content.in supply chains.

KGHM fabrication facilities and smelters are Copper Mark certified and aligned with NKT’s commitment to responsible sourcing, robust due diligence and ethical standards for people, communities and the environment KGHM aims to further reduce the carbon intensity of its copper products, thereby strengthening the sustainability profile of the products supplied to NKT.  Sustainability is embedded in KGHM’s operational strategy, guiding investment decisions, technology development and long-term value creation across the entire value chain. This enables NKT to offer customers lower-carbon, responsibly sourced solutions, reinforcing NKT’s competitive positioning and credibility in increasingly sustainability-driven markets.

Facts about the contract

• Duration: The agreement extends the existing contract by an additional nine years (2028–2036). The current contract remains valid until the end of 2027.
• Contract value: The total estimated value of the contract extension is within the range of EUR 5.4 up to 7 billion for 2028–2036 based on current assumptions.
• The amount of copper sourced equals production of an installation cable that can span the Earth a 1000 times.

As part of its fifteenth anniversary celebrations, the Spanish Association of metal mining (AMINER) has reached a fundamental milestone: the publication of its first annual Socioeconomic Report. This pioneering document represents an unprecedented effort to measure and demonstrate the value that metal mining brings to society, the economy, and local communities. For AMINER, this report is an essential transparency tool for managing strategic decisions and effectively communicating how member companies act as agents of development across the regions in which they operate.