Hudbay Minerals Soars 16.24% on $600M Mitsubishi Investment

On August 13, 2025, Hudbay Minerals surged 16.24% in pre-market trading, marking a significant rise in its stock price.

Hudbay Minerals has secured a substantial $600 million investment from Mitsubishi Corporation for the Copper World project in Arizona. This strategic partnership will see Mitsubishi acquire a 30% interest in the project, with an initial cash contribution of $600 million. The investment is structured to include $420 million at closing and an additional $180 million within 18 months of closing. This collaboration aims to produce 85,000 tonnes of copper annually and create over 1,000 jobs, further solidifying Hudbay's position in the copper mining industry.

In addition to the Copper World project, Hudbay Minerals has also announced the acquisition of 100% of the Copper Mountain mine. This move is part of the company's strategic capital reallocation efforts, aimed at enhancing decarbonization-aligned copper production. The acquisition is facilitated by the $600 million partnership with Mitsubishi, which underscores the company's commitment to sustainable mining practices and long-term growth.