NKT signs long-term contract with European copper producer

To secure the supply of copper in the coming years for its production of power cables, NKT has signed a long-term agreement with Polish copper supplier KGHM.

KGHM will supply NKT with a minimum of 52,500 tons of copper wire rod annually in the years 2023-2027 with an option to expand quantities and extend the contractual period. The copper will cover a substantial part of NKT’s required supply. KGHM is an integrated copper producer with its own mineral resources, mines, smelters and copper rod production facilities in Europe.