M2i Global Provides Update on its Previously Announced Agreement for an Initial 88,000 Tons of Copper Currently Valued at $1.172 Billion
M2i Global updated the valuation of its 88,000-ton copper contract to $1.172 billion, driven by a rise in copper prices to $13,320 per ton. This represents a 24% increase from the $945 million value disclosed when the agreement was first announced in July 2024. The release also confirmed that shareholders of both M2i and Volato Group (SOAR) have approved their proposed merger, positioning the combined entity to target the $320 billion U.S.
Key figures
- Value increase pct
- 24%
- Copper contract tons
- 88000
- Copper price per ton
- 13320
- Copper contract value
- 1172000000
- Copper contract value prior
- 945000000
- Critical minerals market size
- 320000000000
AI analysis
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