Hudbay Minerals Forms $600 Million Copper World Joint Venture with Mitsubishi
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HudBay Minerals Inc. has formed a $600 million joint venture with Mitsubishi Corporation, granting Mitsubishi a 30% stake in Copper World LLC, which owns the Copper World project in Arizona. Mitsubishi's investment includes $420 million in cash and an additional $180 million over 18 months. This partnership is projected to boost Hudbay's copper production by over 50% and enhance its role in the U.S. critical minerals supply chain.
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