Marubeni<8002.T>announced on the 11th that it, along with JX Metals<5016.T>, Mitsui Mining<5706.T>, and Mitsubishi Materials<5711.T>, has reached an agreement to begin specific discussions and deliberations regarding the integration of Mitsubishi Materials' business involving the purchase of copper concentrates and the sale of electrolytic copper, sulfuric acid, and other by-products derived from copper smelting into Pan-Pacific Copper (PPC), a company jointly invested in by Marubeni, JX Metals, and Mitsui Mining.
Through this integration, the companies aim to strengthen their international competitiveness by consolidating the procurement of copper concentrates, while also building a new framework capable of maintaining and improving...