Metso has received an order to supply advanced Metso Plus minerals processing and dewatering equipment for the Reko Diq copper-gold project in Pakistan. The orders are part of a comprehensive framework agreement announced in August 2024. The value of the order is approximately EUR 70 million. Of this, EUR 40 million has been booked in the Minerals segment’s 2025 third-quarter orders received, and EUR 30 million in the final quarter’s orders.
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Leone Rock Metal Group (LRMG) has ordered key process equipment from Metso for the 30 million tonne magnetite concentrator of Phase III of the Tonkolili iron ore project in Sierra Leone. The value of the order is not disclosed, and it will be booked in the Minerals segment’s 2025 fourth-quarter order intake.
The delivery includes the supply of a primary gyratory crusher, six cone crushers, two vertical mills, and a thickener, including commissioning and spare parts. The vertical mills and thickeners are part of the Metso Plus product offering, which helps mining customers improve energy efficiency, reduce carbon dioxide emissions, and enhance production.
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Metso will supply Grupo Mexico with several high-capacity Nordberg® MP800 crushers for the company’s La Caridad copper mine concentrator in Nacozari, Sonora, Mexico.
Grupo Mexico is Mexico’s largest copper producer. Metso is a long-term strategic partner of Grupo Mexico and has supplied a significant amount of equipment to the company’s mines over recent years.
The value of the order, which has been booked in the Minerals segment’s 2025 third-quarter order intake, is over EUR 20 million.
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Metso has booked the third part of the orders related to the copper smelter deliveries for the mining company JSC Almalyk Mining and Metallurgical Complex (Almalyk MMC), based on the equipment and project delivery agreements signed on August 9, 2024. The first part of the orders, EUR 146 million, was booked in October 2024, and the second part, EUR 50 million, in the first quarter of 2025. During the fourth quarter of 2025, project-related orders worth EUR 70 million were booked in the Minerals segment. Any potential further orders will be announced once they become effective.
Almalyk MMC is Uzbekistan’s leading copper producer. The company produces refined copper, gold, silver, zinc, molybdenum, lead concentrate and other products. Metso’s delivery includes flash smelting and converting, gas cleaning, and process equipment and services for the sulfuric acid plant. The copper smelter, to be integrated into the company’s existing operations, is planned to produce 300,000 tons of copper cathodes and 1.8 million tons of sulfuric acid per year.
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Metso has completed the divestment of its Ferrous business to SMS group, a provider of technologies and services for the metals industry.
The sold businesses include, for example, straight grate pelletizing and the CircoredTM direct reduction process, as well as related service businesses.
Approximately 180 employees working in the Ferrous business, primarily in Germany, India, and China, have transferred to SMS group in connection with the transaction.
The sale of the business was announced on May 30, 2025. The transaction does not have a significant impact on Metso’s results.
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Mining company Montage Gold has selected Metso to provide all conveyors for its Koné gold project in Côte d’Ivoire. The order has been booked in the Minerals segment’s 2025 fourth-quarter orders received. The order value is not disclosed.
“The delivery includes a full range of conveyors, such as apron, belt, and vibrating feeders, which integrate seamlessly with the Metso equipment previously ordered for the project,” said Leif Berndt, Vice President, Conveyor Solutions at Metso. “Conveyors are an essential part of the grinding process, and their key features include a precise interface with the grinding circuit and protection. Our large belt feeders feature the Trellex® EP2500 Feeder Plus design, which ensures excellent strength and long belt life compared to other solutions.”
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Metso is investing in a new rubber production factory in Quzhou, Zhejiang province, China, to meet growing demand and improve service for customers in the market area.
The new factory will manufacture rubber and Poly-Met mill linings as well as Trellex® screening media, which are designed to improve performance and reliability. Thanks to this investment, Metso will be able to offer a wider range of high-quality and reliable wear parts to its customers in China.
The factory project supports Metso’s strategic goal of strengthening its regional presence in key customer markets.
By expanding its production capacity in China, Metso demonstrates a strong commitment to its mining and aggregates customers and enhances its service level by utilizing local production and supply chains. The new factory will enable shorter delivery times and a broader range of services.
Production of screening media will begin at the new factory in the first quarter of 2026. The manufacturing of mill linings will start toward the end of the first half of the year, utilizing modern technology. This enables production efficiency and high quality, as well as the manufacturing of more demanding rubber and composite components.
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Metso has received a significant order for the engineering of a new copper smelter and the supply of key process equipment to Asia. The contract, valued at over EUR 180 million, has been booked in the Minerals segment’s fourth-quarter 2025 orders received. The agreement includes an option to expand the scope of the delivery.
The planned production capacity of the copper smelter is 300,000 tonnes of copper cathode and 1.1 million tonnes of sulfuric acid per year.
The new copper smelting line is based on Metso’s licensed and established Flash Smelting, PS Converting, and Lurec® technologies. The delivery includes the engineering and supply of key process equipment for the smelter, electrolysis, gas cleaning, sulfuric acid plant, and precious metals refinery. The delivery also includes support services related to the commissioning of the plant as well as spare parts.
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There has been a lot of talk about copper in the commodity thread lately, and here was a timely piece in SalkunRakentaja about Metso and copper. 
AI data centers and swelling national defense budgets are pushing copper demand ever higher, while mine supply lags behind and permitting processes slow down new investments.
Copper is becoming the key metal for the entire electrifying economy.
At the same time, it is rapidly becoming one of the most strategic raw materials of the next decade, as the energy transition, AI, and rearmament hit the economy simultaneously.
Subheadings:
- Copper demand is growing
- Metso benefits from the growth in copper demand
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Here are Aapeli’s comments on the large copper smelter order received by Metso
Metso announced on Friday that it has received a large copper smelter order from Asia, worth over EUR 180 million. The company will record the order in the Minerals segment’s Q4’25 order intake. With this order, the value of orders announced by Metso for Q4 is, in our estimate, at a higher level than last year, which provides a good basis for order growth in the final quarter of 2025.
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Metso has sold a record number of vertical mills in 2025 as mining industry customers shift toward increasingly energy-efficient grinding solutions. In concentrator processes, growth is visible in the demand for optimized technology combinations and multi-stage grinding, as they enable improvements in energy efficiency, reductions in carbon dioxide emissions, enhanced productivity, and lower operating costs. In grinding, these goals can be achieved by utilizing Metso’s Vertimill® and HIGmill™ vertical mills, as well as the HPGR (High Pressure Grinding Roll) technology. Total capacity and recovery can also be increased by combining grinding mills with Concorde Cell™ flotation technology.
Metso’s energy-efficient vertical mills reduce emissions
In 2025, Metso sold more than 20 Vertimill vertical mills with a record combined installed power of 67 MW. These mills save up to 35% more energy compared to traditional ball mills, resulting in savings of 36,550 kilowatts. Consequently, approximately 135,000 tonnes of carbon dioxide emissions are avoided annually, based on an operating time of 8,500 hours per year. To illustrate, this emission reduction corresponds to the annual carbon footprint of approximately 20,200 Finns (6.7 tonnes of CO2 per person).
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Gruvaktiebolaget Viscaria has ordered two grinding mills from Metso for its reopened copper mine in Kiruna, northern Sweden. With an annual production of 26,000 tons of copper concentrate, Viscaria aims to become Sweden’s second-largest copper producer and play a significant role in the European market. The value of the order is approximately EUR 16 million, and it will be recorded in the Minerals business area’s orders for the first quarter of 2026.
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Metso is strengthening its position as a leading partner for mining and aggregates customers by continuing the growth of its Life Cycle Services (LCS) agreements. In 2025, Metso signed more than 100 new Life Cycle Services agreements with global and regional mining companies, as well as large quarries and aggregates contractors. The company’s Life Cycle Services aim to further strengthen collaboration with customers, leveraging digital solutions and sustainability principles to support customers in optimizing uptime, productivity, and operational safety.
With more than 600 active Life Cycle Services agreements, Metso’s comprehensive service portfolio and expert network help customers achieve their business goals and promote environmental responsibility.
The average duration of a Life Cycle Services agreement is three years, but it can range from 12 months to several years of collaboration. Orders are booked in phases depending on the length and type of the agreement. The total value of the agreements received during the past year will not be disclosed. More than two-thirds of the new orders were booked in the Minerals segment and the rest in the Aggregates segment.
New Life Cycle Services model strengthens customer collaboration
In October 2025, Metso launched a new, innovative Life Cycle Services model aimed at driving the transition toward outcome-based contracts and performance-based business models. The model is based on three clearly defined partnership levels, covering service packages ranging from basic component deliveries to comprehensive process-level solutions.
The latest solutions launched for mining customers include Crushing as a Service and Pumps Availability, which help customers reduce capital expenditure, improve reliability, and achieve predictable performance. These new service packages reinforce Metso’s commitment to proactive, sustainable solutions that support the maximization of customer uptime and operations. The offering is continuously expanding with new solutions.
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Mining company Maaden has ordered a gold processing and leaching process from Metso for its Ar Rjum mine, located approximately 200 km northeast of Ta’if in Saudi Arabia. The order value is 128 million euros, of which 24 million has been booked in the Minerals segment’s third-quarter 2025 orders received and 104 million in the final quarter of 2025. The delivery also includes advisory services for equipment installation, commissioning, and start-up, which will be provided under a separate service contract to be booked later.
Metso’s delivery includes a comprehensive gold production plant from ore to doré bars: a crushing station with conveyor systems, a grinding circuit including SAG and ball mills with auxiliary equipment, pre-leaching and CIL (carbon-in-leach) leaching, as well as tailings thickeners, a gravity separation circuit, an elution plant, and gold room technologies. In addition, Metso will provide the process electrification, instrumentation, and automation, as well as the process design for the processing plant.
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Here are Aapeli’s comments on the recent major orders received by Metso.
Metso announced on Thursday that it has received a significant order, worth 128 MEUR, for the delivery of a gold production plant to Saudi Arabia. The majority of the order will be recorded in the order intake for the fourth quarter of 2025. This is already the second major order announcement for Metso within a week, which further strengthens the company’s Q4 order intake.
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Metso will deliver advanced flotation technology for the expansion project of Barrick’s Lumwana concentrator in Zambia. Concorde CellTM flotation cells form an efficient combination with the TankCell® technology previously selected for the project.
The Concorde Cell is Metso’s advanced solution for processing challenging ore deposits. The combination of it and TankCell technologies offers a reliable and efficient solution for optimizing the flotation process. The high-intensity pneumatic Concorde Cell flotation cell has been developed to enhance the flotation process and improve the recovery of fine and ultra-fine particles.
In 2024, Metso announced a major equipment order related to the Lumwana copper project. The additional order for Concorde Cell equipment has been booked in the Minerals segment’s third-quarter 2025 order intake.
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Metso received a massive order of over 180 million from Asia, as reported a couple of weeks ago, and other positive “copper news” has been heard from the company in recent months. That’s great, but is the copper boom just getting started—meaning things will get even better in the future?
There have been reports of supply issues—apparently, there aren’t enough copper discoveries, and any existing copper projects are still in the early stages and far from certain. Plus, in any case, it takes time to develop mines.
S&P Global estimates that copper demand will grow by as much as 50% by 2040. @Jukka7 mentioned in the commodities thread that Trump’s tariffs could also impact copper prices, as Americans are hoarding copper for that reason as well.
The much-discussed data centers require massive amounts of copper, and of course, the defense sector and various energy initiatives do too… Prices are also driven up by various regulations, ESG factors, and general opposition to mining projects, which are slow-moving anyway.
So… the green transition and renewable alternatives in general require a lot of copper; if said transition is viewed as a long-term trend, copper is in a good spot.
We shouldn’t forget electric vehicles—EV adoption fluctuates, but their market share only continues to grow.
Copper is already facing supply issues; it’s in high demand now and will be even more so in the future. For Metso, copper business is a big deal, and it’s tied to these long-term trends…
Is Metso set for a nice stock price rally thanks to copper? After all, the company also has other growth drivers (perhaps), plus it has more stable and profitable aftermarket business as its foundation, so isn’t Metso starting to look like a pretty sweet investment?
Am I oversimplifying things too much, or is Metso well-positioned for the copper rally? On the other hand, if copper isn’t being produced in massive quantities relative to demand, then Metso can’t make much money either, because the products Metso offers aren’t needed if there isn’t enough copper—so does that end my copper bull case for Metso 
, or what do you think?
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This is indeed an interesting point. I completely agree that the supply side of copper is becoming increasingly challenging in various ways, which I believe will support demand for Metso’s products and services in the long run.
I have understood that copper mining is becoming more difficult as the quality of copper deposits declines, which a player like Metso naturally benefits from structurally. In practice, this means that to produce the same amount of copper, more rock must be processed and more complex processes must be managed than before, requiring even more efficient crushing, grinding, and concentration solutions, and of course, optimization of the entire process. This is exactly what Metso offers with all its services.
Another thing that is personally more interesting to me is the circular economy perspective of copper. The more valuable copper becomes, the more profitable its recycling becomes as well, and this is further accelerated by the continuous development of circular economy infrastructure and supporting regulation, which has not taken any steps back. What is interesting from Metso’s perspective is that its technologies are also suitable for copper recycling, not just traditional mining. For instance, they have solutions under the name e-scrap for processing electrical and electronic waste, and hydrometallurgical processes for copper recovery.
Another interesting angle is that Metso’s technologies allow for the integration of recycled copper into the primary copper process. In other words, this source of recycled copper (e.g., some scrap fraction or similar) can, as I understand it, be run through the same process as mined copper, which supports the transition toward metal production that truly relies on a circular economy.
I am personally on board with Metso because the company is well-positioned for a world where copper is increasingly needed, but producing it requires smarter technology than before—regardless of whether the copper comes from the ground or if raw materials already in use are being utilized.
I am not a deep expert in this field, but if I may make a wish, perhaps someone could ask Metso about this in more detail and map out what kind of competitive advantages or exploitable patents they might have in this area? In other words, to understand a bit better what Metso’s role and competitive lead are in a world turning toward a circular economy. I am under the impression that there would be plenty of these, especially within the former Outotec’s technology portfolio.
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Hi everyone in the thread!
An update on the copper matters:
I sent questions to Metso specifically regarding the points and reflections raised by Timo.
But I also asked Timo for help with the questions via private message, but I also included some of my “own questions,” meaning Metso received both high-quality questions and “rookie” questions. Metso promised to get back to the questions after February 20, 2026.
Thanks once again to Timo 
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Metso has acquired Australian MRA Automation (Multiskilled Resources Australia Pty Ltd), which provides engineering and software services as well as automation solutions for bulk material handling needs. The privately owned company is a global leader in providing automation technology and digital solutions for ports and terminals, and its office is located in Newcastle, on the east coast of Australia.
The parties have agreed not to disclose the purchase price. The acquisition has no material impact on Metso’s financial results.
The acquisition enables integrated and comprehensive solutions for bulk material handling for customers. These advanced technologies improve efficiency, safety, and operational flow at all stages of the process.
About MRA Automation
MRA Automation is an Australian company with approximately 60 employees, focusing on providing advanced industrial automation solutions for bulk material handling and port operations through its team of experts. The company combines its own smart automation services with Axo33 Smart Software products.
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