Harmony Gold to Buy MAC Copper in $1.03 Billion Deal

Wall Street JournalTuesday, May 27, 2025 at 7:58:00 AM
Harmony Gold to Buy MAC Copper in $1.03 Billion Deal
Harmony Gold, a major player in the mining industry, is shelling out $1.03 billion to acquire MAC Copper. This move significantly boosts Harmony’s stake in copper—a metal that’s become a hot commodity thanks to its crucial role in renewable energy and tech like electric vehicles.
Editor’s Note: Copper’s in high demand as the world shifts toward cleaner energy, and Harmony Gold is betting big on that trend. This deal isn’t just about expanding their portfolio—it’s a strategic play to stay relevant in a future where copper could be as valuable as gold. For investors and industries tied to renewables, this signals confidence in the metal’s long-term importance.
— Curated by the World Pulse Now AI Editorial System

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