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3. Proterial Metals, Ltd. (Japan) and Mitsubishi Materials Corporation (Japan) are Leading players in the Oxygen-Free Copper Market

The global oxygen-free copper market size is projected to grow from USD 30.9 billion in 2024 to USD 40.4 billion by 2029, at a CAGR of 5.5% during the forecast period.

The oxygen-free copper market is experiencing growth due to increasing demand from industries that require high-performance materials. With the rise of advanced electronics, telecommunications, and automotive technologies, there is a growing need for copper with superior electrical conductivity and low impurities. Oxygen-free copper meets these requirements, making it indispensable for manufacturing high-quality products like high-end audio-visual systems, electric vehicles, and renewable energy systems. Additionally, as global economies continue to develop and invest in infrastructure and technology, the demand for oxygen-free copper is expected to further increase, driving the market's growth.

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A few of the major players are, KGHM Polska Miedz SA (Poland), Proterial Metals, Ltd. (Japan), Mitsubishi Materials Corporation (Japan), Metrod Holdings Berhad (Malaysia), Aviva Metals (US), Aurubis AG (Germany), Copper Braid Products (UK), KME Germany GmbH (Germany), and Sam Dong (South Korea). These players have implemented various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to enhance their market shares and boost their product portfolios.

Proterial Metals, Ltd., founded in 1956, is a leading producer and supplier of oxygen-free copper, with its headquarters located in Japan. Specializing in high-purity, high-performance copper materials, the company serves industries such as advanced electronics, telecommunications, and automotive sectors. With its state-of-the-art manufacturing facilities and a commitment to innovation, Proterial Metals Ltd. delivers oxygen-free copper that meets stringent quality standards and customer specifications. Over the years, the company has built a reputation as a trusted and reliable supplier in the oxygen-free copper market, offering tailored solutions to meet the evolving needs of its global clientele.

Mitsubishi Materials Corporation, founded in 1871 and headquartered in Tokyo, Japan, is a diversified conglomerate with a strong presence in the metals industry, including the production of oxygen-free copper. Leveraging its long-standing expertise and advanced technologies, Mitsubishi Materials Corporation produces high-quality oxygen-free copper tailored to meet the demanding requirements of industries such as electronics, automotive, and renewable energy. The company's commitment to innovation and quality has made it a trusted supplier in the oxygen-free copper market. With its global reach and comprehensive product offerings, Mitsubishi Materials Corporation continues to play a pivotal role in meeting the growing demand for high-performance copper materials worldwide.

KGHM Polska Miedz S.A., founded in 1961 and headquartered in Poland, is a leading global copper producer with a significant presence in the oxygen-free copper market. Specializing in copper and silver mining, KGHM Polska Miedz S.A. has established itself as a key supplier of oxygen-free copper, meeting the stringent quality requirements of various industries. With its advanced mining and refining capabilities, the company produces high-quality oxygen-free copper that is essential for applications in electronics, automotive, and renewable energy sectors.

KGHM Polska Miedz S.A. operates with a multi-divisional structure, consisting of a head office and 10 divisions, including 3 mines, 3 metallurgical plants, the concentrator division, the tailings division, the mine-smelter emergency rescue division, and the data center division.

The companies have initiated the following developments:

• In November 2023, KGHM Polska Miedz S.A. has extended its agreement with China Minmetals, spanning from 2024 to 2028. Under this, KGHM will supply copper to China Minmetals over the five-year period.
• In August 2023, KGHM Polska Miedz S.A. entered into a significant long-term agreement with NKT. Under this arrangement, KGHM will supply copper wire rods to entities within NKT over the period spanning from 2023 to 2027.
• In February 2022, KGHM Polska Miedz S.A. officially registered its primary product, copper cathodes, on the Shanghai international energy exchange (INE).
• In October 2023, Mitsubishi Materials Corporation and Anglo-American plc, a multinational mining company based in London, UK signed a memorandum of understanding to establish a sustainable and responsible supply chain for copper-related products.
• In December 2023, The Indonesian subsidiary PT. Smelting ("PTS"), under Mitsubishi Materials Corporation, undertook an expansion project to increase the processing capacity of copper concentrate at its Gresik Smelter & Refinery in Indonesia.

Related Reports:

Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wires, Strips, Busbar & Rods), End-use Industry (Electronics & Electrical, Automotive), and Region( North America, Europe, APAC, MEA, South America) - Global Forecast to 2029

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Mr. Aashish Mehra
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