Aurubis and Viscaria Sign Long-Term Copper Offtake Agreement
- The agreement covers 50% of Viscaria's copper output over eight years starting 2028.
- Viscaria's mine in Sweden will produce over 25,000 tons of copper annually.
- Viscaria secured 45 megawatts of carbon-neutral electricity for mining operations.
- Copper demand is expected to rise by 22% in the coming years and double by 2050.
Agreement Details
Aurubis and Viscaria have signed a memorandum of understanding for a long-term copper concentrate supply contract. The agreement will cover approximately 50% of Viscaria’s projected copper output over an initial eight-year period starting in 2028, with an option for extension.
Production and Logistics
The Viscaria mine in northern Sweden is expected to produce over 25,000 tons of copper annually. Its proximity to Aurubis plants ensures efficient logistics with a low carbon footprint. The mine's strong ESG profile supports sustainable production practices.
Environmental and Sustainability Initiatives
Viscaria has secured 45 megawatts of carbon-neutral electricity to enable fully electrified mining operations, minimizing climate impact. The company has also inaugurated an advanced water treatment plant, setting new environmental standards and promoting biodiversity.
Strategic Importance
The collaboration strengthens European raw material production and strategic mineral independence. Sector experts anticipate a 22% rise in demand for strategic metals like copper in the coming years, potentially doubling by 2050. The European Commission supports local mining projects to enhance supply chain resilience.
Source: Aurubis