Sijoituskästi has made a video of just over 2.5 minutes about Metso. 
https://x.com/STNXfi/status/2029995871123767503
Link for those without X:
https://twitter-thread.com/t/2029995871123767503
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The innovative Life Cycle Services (LCS) solution for pump availability launched by Metso in the fall of 2025 has received a positive reception from customers. Since the launch of the new service concept, Metso has signed several small and medium-sized multi-year service agreements in key market areas in Europe, Asia-Pacific, and the Americas. In February, Metso signed two five-year agreements covering maintenance services for over 100 slurry pumps for mining industry customers.
Metso’s performance-based life cycle service improves pump availability, extends the service life of wear parts, increases safety, and reduces the cost of ownership through long-term partnership.
The value of the combined orders is not disclosed. Service agreements can be worth several million euros depending on the scope and duration of the contract.
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An advertisement video on the AI company Palantir’s channel about the company’s cooperation with Metso. Duration 3 min.
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Metso has signed a significant agreement with Southern Peru Copper Corporation to supply copper solvent extraction and electrowinning (SX-EW) technology for their Tia Maria project in Cocachacra, Islay Province, Arequipa Region, Peru. Southern Peru Copper Corporation is one of the world’s largest copper producers. The new plant will produce approximately 120,000 tonnes of LME Grade A copper cathodes annually. The order, valued at 100 million euros, has been booked in the Minerals segment’s Q1 2026 orders received.
Metso’s delivery includes the main process equipment for the VSF® solvent extraction plant and electrowinning, including Dual Media filters, a robotic cathode stripping machine, and an acid mist collection system to minimize environmental impact. Metso has been responsible for the basic engineering of the project. The delivery also includes installation and commissioning supervision and related spare parts.
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Here’s Aapeli’s comments on Metso’s order from Peru
Metso announced on Monday that it had received a significant contract worth EUR 100 million to supply copper processing technology to Peru. This order is a continuation of the large orders realized in recent months and strengthens our confidence in the order development of the company’s Minerals segment. The announcement does not create an immediate need for forecast changes, as our forecasts already include assumptions about the realization of larger project orders.
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Metso to supply advanced filtration technology for three iron ore concentrate filtration plants to Lloyds Metals & Energy Limited in Maharashtra, India. The value of the order, which is not disclosed, has been booked in the Minerals segment’s first quarter 2026 orders received.
Lloyds Metals & Energy is a mining and metals company with integrated operations covering mining, sponge iron (DRI) production and steel manufacturing. The company has a significant sponge iron and steel production facility in Chandrapur. The company is expanding its production facilities in various locations, while simultaneously implementing ten fully automatic Metso Larox® FFP 3512 filters.
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Metso is expanding its global material handling solutions network by opening a new regional Center of Excellence in Cape Town, South Africa, on April 15, 2026. The new center will offer customers Metso’s engineering expertise as well as advanced automation and digitalization solutions for material handling and port solution needs across Africa.
The establishment of the Center of Excellence is another milestone in Metso’s long-term strategy of investing in material handling solutions expertise in key market areas.
The Cape Town center strengthens Metso’s leading position and close customer relationships in Southern Africa, where Metso has a strong and growing installed equipment base. Thanks to a fully operational organization working in the same time zone, customers will benefit from faster technical support and more efficient problem-solving close to their operational needs.
Enabling market growth and developing industry expertise
Metso has partnered with Transnet for several decades. Transnet is a South African logistics infrastructure company that manages the country’s port, rail, and pipeline networks.
A team of approximately 60 people provides customers across Africa with comprehensive support in lifecycle services, modernizations, and technical support. In addition to creating jobs, Metso generates significant added value for the local economy by utilizing the services of consultants, suppliers, and contractors. The center thus promotes the development of industrial expertise in the region, particularly among young people. The investment strengthens the operating environment for port solutions in South Africa and across the wider African region.
Comprehensive lifecycle support for material handling solutions
With over a hundred years of experience and more than 8,000 global deliveries, Metso is one of the leading players in material handling solutions. The opening of the Cape Town center expands Metso’s global presence and dedicated development work in this business area.
Metso has recently made strategic investments by acquiring MRA Automation, thereby strengthening its expertise in advanced automation and digitalization. These capabilities are now also being utilized in Africa, where the adoption of digital tools enables customers to achieve better reliability and optimize material handling performance. Metso has also expanded its presence in North America by establishing a material handling solutions engineering center of excellence in Pittsburgh, USA.
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Here is the company report from Aapeli following Metso’s Q1 results
Metso’s Q1 results fell short of both our and consensus expectations, even though they improved year-on-year. In contrast, order growth in the early part of the year was well in line with our expectations. The company reiterated its outlook but highlighted the potential impact of the geopolitical situation on market activity. So far, we believe the impact has been minimal, and we expect the demand situation to remain strong. Reflecting the overall picture, we made no material changes to our forecasts for the coming years. Accordingly, we reiterate our target price of EUR 16.00, but upgrade our recommendation to Accumulate (previously Reduce), as the expected return has risen to a sufficient level following the share price decline.
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Metso is strengthening its presence in Argentina by opening new local operations. These investments reinforce Metso’s long-term commitment to developing the Argentine mining industry and strengthening the skills of the local workforce.
Metso is now entering a new growth phase in San Juan, a mining hub known particularly for copper and gold production. In the second quarter of the year, Metso will open a new office in San Juan, which will lead to closer, more agile, and more strategic collaboration with customers.
In the next phase, Metso will invest in a robust infrastructure built for services and technical support. The goal is to ensure service availability and faster customer support.
San Juan is located in a strategically important position for mining operations. The new location of Metso’s operations will shorten distances to customers, speed up service, and help anticipate customers’ operational needs. In this way, Metso responds directly to the evolving requirements of the mining industry, such as improving efficiency, providing timely support, developing local expertise, and offering increasingly integrated solutions.
Metso is also evaluating other projects in the region to increase capacity as part of its long-term commitment to the development of the Argentine mining industry.
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Hi!
I haven’t received the answers yet, though I have sent a couple of follow-up messages.
But luckily we have @Karo_Hamalainen, who interviewed Metso’s CEO Sami Takaluoma
Topics:
0:00 Intro 04:17 Revenue recognition practices and risk management 09:30 Aftermarket 15:20 Minerals business 18:26 Copper 32:20 Critical minerals 47:37 Aggregates business 1:01:07 Mustard 1:03:31 Verdict
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Sami said in Karo’s interview exactly what I believe as well. Currently, the share of circular economy in copper is around one percent, but for example, the share of recycled aluminum was the same 20 years ago. Now, recycled aluminum already accounts for a third. To me, it is exceptionally clear that the megatrends of electrification and AI will increase the demand for copper so much that the recycling rate will rise significantly. Sami clearly stated that he is convinced this will happen.
Metso has a copper recycling process that enables copper to be recycled, and products have already been sold—meaning it is commercially proven. So yes, there is a very clear circular economy option in Metso. But as in many other industries, the circular economy business is an elephant in the room that doesn’t spark much discussion until, for example, a sharp price increase in virgin raw materials occurs, which boosts the competitive advantage of circular economy-capable companies to an unpredictable value almost overnight. Let’s get back to this when it happens 
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Hi!
I received good answers to my questions from the company today, and I will publish them tomorrow. Of course, Karo’s excellent interview already covered a lot of ground regarding Metso, including these copper-related things etc.
Have a great Thursday, everyone!
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And behind this link, you can find Metso’s answers to these questions 
Metso IR responds: Copper and other questions on investors’ minds
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Thanks for this, it’s great to see an in-depth dialogue where the company also provides its perspective.
It is surprising how little the Finnish investment scene discusses the material enablers of the AI and data economy, of which copper is one of the most central. This is especially noteworthy considering that one of the leading players, Metso, is Finnish. In recent years, geopolitics has also become intertwined with this; we seem to have lost sight of where the materials for the AI economy come from, how dependent and simultaneously vulnerable we are regarding these materials, and who actually controls these value chains. Metso undoubtedly plays a very interesting role in both aspects.
Investors often overlook the true nature of the copper value chain in relation to geopolitics. Only about 3% of the world’s copper reserves are in Chinese soil, yet they have gradually managed to capture about half of the world’s copper smelting capacity (the most demanding stage). This means that even if the mining takes place in, for example, Chile or Congo, the copper concentrate often travels to China for smelting before it becomes material suitable for applications like electrification.
This is where Metso enters the picture. China’s dominance does not revolve around their own technology; it has been built precisely with Finnish flash smelting, which Metso’s IR also referred to in their response to the “Rookie’s” (Alokas) set of questions. Metso sells the “picks and shovels” without which it is impossible for China (or anyone else) to produce pure copper energy-efficiently, let alone while meeting environmental standards.
From an investment perspective, Metso is a near-perfect stock for this geopolitical struggle. Personally, I believe that as Western countries look to reduce their dependence on China and build their own smelters in Europe or the United States, they will essentially have to queue at Metso’s door to order the equipment. Thus, Metso wins either way (although there is always a risk with China that they have quietly learned and copied the best expertise). For now, however, Metso’s technological lead and massive patent portfolio have kept the moat intact. When you add Metso’s service business, which runs for decades after the equipment is installed, Metso is, in my opinion, one of the best long-term papers on our exchange.
I strongly believe that in the very near future, we will see a significant phase shift where the importance of materials will be emphasized. Materials and their value chains are dangerously concentrated.
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Metso has received orders to supply two grinding mills to Emerald Resources NL for the company’s Dingo Range gold project in Western Australia and the Memot gold project in Cambodia. The value of the orders exceeds EUR 10 million, and they will be booked in the Minerals segment’s Q2 2026 orders received.
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Metso has received a repeat order from the same customer for the replacement and modernization of a railcar dumper for a mining client in the Asia-Pacific region. Metso’s scope of delivery includes a new, fully pre-assembled dumper cage, featuring significant improvements designed to increase throughput, facilitate maintenance, and reduce material loss. The customer’s first order is currently in the delivery phase.
The value of the order is over EUR 10 million, and it has been booked in the Minerals segment’s first-quarter 2026 orders received.
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Metso has opened its expanded service center and a new training center in Mesa, Arizona. The investment improves support for mining customers in the southwestern United States. The Mesa center uniquely combines advanced Original Equipment Manufacturer (OEM) service capabilities and a purpose-built training environment under one roof, strengthening the availability of Metso’s services in a key mining region.
As the only regional player to combine service operations and a training center into a single complex, Metso helps its customers improve performance through faster response times and hands-on training. With these capabilities, Metso supports customers both in equipment repair needs and proactively by strengthening expertise, safety, and workforce readiness.
The total value of the investment is approximately 15 million euros. The center covers approximately 1,900 m2 of service and training facilities.
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Metso has made an investment decision to proceed with the second phase of the Lokomotion technology center construction in Lahdesjärvi, Tampere. The second phase includes the construction of a new crusher factory as part of the technology center complex. The investment for the second phase is approximately EUR 60 million, spread over three years. The share of the investment for 2026 is estimated at approximately EUR 15 million.
The Lokomotion technology center forms a modern and resource-efficient production and technology complex where technologies, equipment, and components for aggregates and sand production are designed, tested, and manufactured. The technology center is expected to be fully completed in the early 2030s.
Second phase construction to begin in June
The second phase of the Lokomotion project expands the assembly and logistics buildings of the first phase currently under construction in Lahdesjärvi. Construction will begin with earthworks in June 2026, and crusher production in the new factory is estimated to start in the fall of 2028. Construction will proceed in parallel with the first phase, enabling a phased commissioning.
The total floor area of the center is approximately 66,000 m2, of which the second phase accounts for approximately 12,000 m2.
First phase of construction proceeding on schedule
The construction of the first phase of the technology center began in June 2024 and is proceeding according to the overall schedule. The first phase is estimated to be completed in August 2027. The first phase includes the construction of assembly and testing facilities for mobile crushers, as well as warehouse space. Building services and structural work are currently underway at the site. Production of track-mounted Lokotrack® crushing and screening plants is scheduled to begin at the new factory in Lahdesjärvi during the third quarter of 2027.
The investment for the first phase is approximately EUR 150 million, of which EUR 70 million has been spent by the end of April 2026.
Metso’s current Lokomo site for the aggregates business in Hatanpää, Tampere, will gradually move to the new technology center. Following this, the company plans to divest the Hatanpää plot and buildings it owns.
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Metso is strengthening its mineralogical service capabilities at the Pori Research Center with a new investment that accelerates mining industry projects and helps in making better-informed decisions from the early stages of a project through to production optimization. The investment enhances Metso’s ability to produce high-quality mineralogical data more rapidly, supporting more efficient execution and the development of process solutions based on accurate information.
The investment includes the implementation of an automated TESCAN TIMA™ mineralogy analyzer. This advanced equipment combines high-resolution Field Emission Scanning Electron Microscopy (FE-SEM) imaging and multi-detector elemental analysis into a single fully automated system. The new hardware complements Metso’s long-established mineralogical expertise, significantly increases analysis speed, and enables an increase in sample capacity. It allows Metso’s experts to produce quantitative data on ore properties, mineral occurrences, and metallurgical behavior from a larger volume of samples than before.
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So we finally got a minor scandal out of this too (or at least they’re trying to create one). Hesari (Helsingin Sanomat) doesn’t really provide much background for this news; they’re going with the style that it’s enough that the company in question is a so-called “infamous” US firm. These kinds of news stories could really use more background—personally, I’d be interested to know what this collaboration with Palantir has actually entailed. The matter was already discussed in Karo’s Grill, but it remained open whether the cooperation is, for example, continuing or expanding.
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