- The agreement was signed on 18 December 2025 in Berlin.
- It covers 50% of Viscaria's copper output from 2028 to 2035.
- The deal can be extended beyond the initial eight-year period.
Agreement Signing
On 18 December 2025, Gruvaktiebolaget Viscaria and Aurubis AG signed a long-term copper concentrate offtake agreement at the Swedish Embassy in Berlin. This formalizes their earlier Memorandum of Understanding.
Strategic Importance
The agreement highlights copper's role as a critical raw material for electrification, renewable energy, and advanced manufacturing. It aims to secure a sustainable copper supply for Europe.
Production and Supply
The offtake agreement will cover approximately 50% of Viscaria’s projected copper output from 2028 to 2035, with an option to extend. Both companies will integrate these volumes into Aurubis’ supply chain.
Industry Impact
Jörgen Olsson, CEO of Viscaria, emphasized the agreement's role in reducing dependency on imports and securing access to critical raw materials. The partnership aims to enhance Europe's supply chain security through sustainably produced copper.
Official Remarks
Stefan Rouenhoff, Parliamentary State Secretary at Germany's Federal Ministry for Economic Affairs and Energy, noted the agreement's contribution to economic resilience in Europe, crucial for energy and digital transitions. Veronika Wand-Danielsson, Swedish Ambassador to Germany, highlighted the geopolitical relevance of metals and Sweden's commitment to innovation-driven and environmentally sustainable mining practices.
