NKT reports that it has signed a long-term contract with major European copper producer KGHM S.A. to ensure that it will get the copper rod it needs for 2023-2027.

 A press release said that the expansion of renewable energy sources has led to considerable increased demand for copper. To secure that essential supply NKT signed a long-term agreement with Polish copper supplier KGHM S.A. for an annual minimum of 52,500 metric tons of copper wire rod for 2023-2027, with an option to expand quantities and extend the contractual period.

“We are pleased to strengthen our long-term collaboration with KGHM by entering into this frame agreement for the supply of copper rod for the coming years,” said NKT President & CEO Claes Westerlind. “And even more so, that we are able to source copper close to where it is needed, which supports our efforts to reduce the environmental impact of our operations.”

KGHM is an integrated copper producer with its own mineral resources, mines, smelters and copper rod production facilities in Europe. KGHM’s Głogów and Legnica copper smelters/refineries and Cedynia wire rod plant are Copper Mark certified. In line with its commitment to connect a greener world, NKT has also joined the Copper Mark to promote responsible copper mining and production.