NKT Secures EUR 6 Bln Extension Of Copper Supply Deal With KGHM Polska Miedz Till 2036
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NKT A/S has renewed its copper supply agreement with KGHM Polska Miedz S.A. for an additional nine years, valued at approximately EUR 6 billion for 2028-2036. This extension ensures a stable supply of European-produced copper for NKT's power cable manufacturing, reinforcing its supply chain and reducing market volatility exposure. NKT's CEO emphasized the importance of this partnership for the company's growth. NKT shares fell 1.06% to 794.50 DKK, while KGHM shares dropped 2.8% to PLN 296.50.
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