M2i Global Inc (OTC:MTWO) says its Australian copper agreement has surged in value to $1.17 billion after LME prices climbed to $13,320 per ton, within reach of an all-time high. The deal, first disclosed in July 2024 at $945 million, has gained more than 24% in value as copper prices rally on tightening supply and surging demand tied to electrification and artificial intelligence infrastructure.
M2i Global flags copper supply crunch as Australian deal surges past $1 billion
Source: Proactive Investors