According to SMM, Andrzej Szydlo, CEO of KGHM, Poland's largest copper producer, stated on Wednesday that although the company's copper production in Q4 2024 remained largely flat, raw material and fuel costs decreased. The company plans to produce 392,300 mt of copper (in copper concentrate content) and sell 572,900 mt of copper this year.

According to SMM, Poland's KGHM announced on Thursday that its copper sales volume in April was 54,100 mt, and its copper production receivable reached 57,900 mt.

Poland's largest copper producer KGHM plans to produce 392,300 mt of copper this year. On Wednesday, March 26, Andrzej Szydlo, CEO of KGHM, stated that although the company's copper production in Q4 2024 remained largely flat, the costs of raw materials and fuel decreased. (Webstock Inc.)

According to foreign news on October 23, European metal producer KGHM announced on Monday that its copper sales in September this year fell 1% year-on-year to 60,900 tons.

According to SMM, KGHM Polska Miedz SA announced that its copper sales in August reached 59,400 tonnes, an increase of 4,300 tonnes, or 8%, year-on-year. The payable copper production in August was 63,400 tonnes, up 4,500 tonnes, or 8%, from the same period last year.

On May 23 (Friday), Polish Finance Minister Andrzej Domanski stated that under the new system, Poland's copper ore mining tax would be reduced starting next year.

On May 23 (Friday), Polish Finance Minister Andrzej Domanski stated that under the new system, Poland's copper ore mining tax would be reduced starting next year. The mineral extraction tax, which includes copper, was introduced in 2012. According to the annual report of KGHM, Poland's largest copper ore producer, the company paid 3.87 billion zlotys in taxes in 2024. Domanski said that the tax reduction and the introduction of investment expenditure deductions would reduce tax revenue by approximately 10 billion zlotys ($2.66 billion) over a decade and lower costs for copper ore producers by the same amount. Jakub Jaworowski, Minister of State Assets, stated that, in fact, KGHM is the supplier of approximately 85% of Europe's copper, which is absolutely crucial.

On May 14 (Wednesday), KGHM Polska Miedz, Poland's largest copper producer, reported that its adjusted core profit for Q1 increased by 60% to 2.49 billion zlotys ($659.55 million), driven by rising metal prices and increased international sales. The company's payable copper production in Q1 reached 169,000 mt, meeting budget targets. Domestically, the company's core profit increased by nearly 40% to 1.25 billion zlotys, as price increases offset a decline in production. The core profit of its international subsidiaries in North and South America increased by 87% to 462 million zlotys, primarily due to increased sales. KGHM's joint venture in Chile, Sierra Gorda, more than doubled its quarterly core profit YoY to 672 million zlotys, driven by increased copper production and sales of copper and gold. The group's total revenue increased by 7.5% to 8.94 billion zlotys, while capital expenditure increased by 6% YoY to 692 million zlotys.

Chinese carmaker Chery and South Korean automaker KGM have taken a significant step forward in their strategic partnership by signing an agreement to jointly develop a new range of mid-to-large SUVs.

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