M2i Global flags copper supply crunch as Australian deal surges past $1 billion
Key takeaways
- 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, which specializes in global critical minerals supply chains, is also conducting due diligence on a number of domestic deposits as it looks to expand its project portfolio.
- The update comes ahead of M2i s pending merger with aviation technology company Volato Group (NYSE American: SOAR), which shareholders of both companies approved in May 2026.
M2i Global flags copper supply crunch as Australian deal surges past $1 billion M2i Global flags copper supply crunch as Australian deal surges past $1 billion Proactive uses images sourced from Shutterstock Proactive Wed, June 3, 2026 at 8:22 PM GMT+7 1 min read HG=F MTWO 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.
LME copper prices have risen roughly 10% year-to-date, driven by a rebound in Chinese industrial demand and supply constraints stemming from Middle Eastern conflict, which has squeezed sulfur supplies used in certain copper production processes.