our markets
We mainly produce three metals through our operations around the world:
We also produce pyrite concentrate, a primary sulphur source for sulphuric acid production at our Pyhäsalmi operation in Finland.
Our focus is on base metals at our current operations and in our plans for future growth.
Why base metals
Our business model focuses on base metals, primarily copper we believe is a very attractive business over the long term.
Demand for copper metal in developing countries, especially China and India has been rising rapidly. Metal intensity of use per capita in these countries is still a fraction compared to industrialized countries. This leaves a large gap for demand growth in the future.
The rising demand accompanied by low rate of new discoveries, declining ore grades in existing large mines, increasing capital and operating costs and risky locations for many of the new projects support the view that copper metal in the long run will be one of the premium metals commanding high prices.