China’s MMG Eyes Copper Deals as Profit More Than Triples

Copper prices strengthened in 2025.
Photographer: Cristobal Olivares/Bloomberg

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By Rachel Yeo and Paul-Alain Hunt

March 3, 2026 at 10:37 AM UTC

Updated on

March 4, 2026 at 6:24 AM UTC

MMG Ltd. is seeking M&A opportunities to boost its copper portfolio and is assessing takeover targets in Latin America and Africa.

The Chinese-owned miner has identified projects of interest and thinks there may be an opportunity to purchase them “within the near future,” according to Interim Executive General Manager Sandra Xiangjun Guan.