Hudbay to Buy Remaining Stake in Arizona Sonoran for $1.48B

Published: Mar 4, 2026 11:17

Save

Hudbay Minerals announced it will acquire the remaining shares of Arizona Sonoran Copper for $1.48 billion boosting its U.S. copper output capacity to nearly 500,000 tonnes annually as global demand grows.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

49 mins ago

Data: SHFE, DCE market movement (Apr 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Apr , 2026

49 mins ago

1 hour ago

Expectations of U.S.-Iran Peace Talks Heat Up, Copper Prices Recover Significantly During the Week [SMM Macro Weekly Review]

1 hour ago

2 hours ago

Copper Prices Rebound with Firm Scrap Coefficients: The Era of "Regional Circulation"

Despite rebounding copper prices, Asian spot scrap supply remains tight, with pricing coefficients unexpectedly firm (Bare Bright holding around 98.5%). Concurrently, Western spot offers are shrinking. As the Aurubis Richmond smelter absorbs ~180,000 tonnes annually and US domestic cable shredding capacity rapidly expands, both the volume and quality of US scrap exports to Asia are declining. This structural shift is slashing transoceanic trade, accelerating the era of "regional circulation" for recycled copper. Currently, the squeeze primarily hits intermediate traders with sluggish volumes, while downstream end-consumers report limited immediate impact.

2 hours ago