NKT and KGHM Sign EUR 6 Billion Copper Supply Agreement

NKT has renewed its long-term copper supply agreement with KGHM, securing a stable supply of European-produced copper for NKT's power cable manufacturing over the next decade, through to 2036. The contract, valued at EUR 6 billion, ensures NKT's access to reliable copper supply sources, maintaining its competitiveness and strengthening the resilience of its value chain. This agreement supports NKT's strategic ambitions of delivering reliably, sustainably, and at scale, while reducing exposure to market fluctuations and geopolitical uncertainty. The partnership highlights KGHM's position as a dependable supplier of high-quality copper products and supports the energy transition.