NKT Secures Long-Term Copper Rod Supply From KGHM
NKT has signed a long-term NKT KGHM copper rod supply agreement with European copper producer KGHM S.A. to secure key raw materials from 2023 to 2027. The deal supports NKT’s cable manufacturing as renewable energy projects drive stronger copper demand across Europe.
Contract Details and Supply Volumes
Under the agreement, KGHM will deliver at least 52,500 metric tons of copper wire rod per year for the 2023–2027 period. The contract also includes options to increase annual volumes and to extend the term in future, giving both companies flexibility as market needs change.
NKT President and CEO Claes Westerlind said the company welcomes the strengthened partnership with KGHM. He also emphasized the benefit of sourcing copper close to NKT’s main European operations, which can lower transport emissions and support its broader sustainability goals.
Certified Supply and Shared Sustainability Goals
KGHM runs an integrated copper business, including its own mines, smelters, refineries, and rod plants in Europe. Its Głogów and Legnica smelter/refineries and the Cedynia wire rod plant all hold Copper Mark certification, which recognizes responsible copper mining and production.
To match its goal of connecting a greener world, NKT has also joined the Copper Mark initiative. Through the NKT KGHM copper rod supply agreement, both companies link secure supply with independently verified sustainability standards.
