JX Nippon Mining & Metals Corporation

LS Group is considering buying an additional 37.4% stake in LS-Nikko Copper from JX Nippon Mining & Metals through two Korean PE firms for about 600 billion won ($490 million), increasing its ownership to 87.5%.

JX Nippon Mining & Metals Corporation will invest 12 billion yen to increase production capacity for semiconductor sputtering targets by approximately 30%. The equipment is expected to go into operation in stages starting in spring 2022.

JX Nippon Mining & Metals completed installation of additional facilities to increase production capacity of rolled copper foil, high-functionality copper alloy strips, and sputtering targets for semiconductors by approximately 30% over 2017 levels.

Japan Steel Works and JX Nippon Mining & Metals established a joint venture, Muroran Copper Alloy Co., Ltd., to melt and cast copper alloys. The JV is located at Japan Steel Works' Muroran plant, with 51% ownership by Japan Steel Works and 49% by JX Nippon Mining & Metals.

The Japan Steel Works and JX Nippon Mining & Metals have concluded a basic agreement to establish a joint venture for copper alloy melting and casting, combining their technologies to produce high-quality copper alloy ingots.