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Nittetsu Mining shares rebound on participation in Arizona copper exploration project

Tue Apr 21, 2026 9:16 am JST Catalyst

NITTETSU MINING CO., LTD. <1515> opened with buy orders and rebounded for the first time in four sessions on 21st. On the weekly chart, the stock had been consolidating around its 26-week moving average support line, prompting bargain-hunting buyers to enter the fray. The company is a leading domestic producer of limestone for the steel industry with a top-tier market share. Internationally, it is actively developing copper assets, including the Atacama mine in Chile, with its Arqueros copper mine expected to commence production in 2026.

Following the market close on 20th, the company announced an agreement with Australia-based Eagle Mountain Mining to participate in the Oracle Ridge copper exploration project in Arizona, US. Nittetsu Mining will invest a total of 20 million dollars in the project over a four-year period and will secure 100% offtake rights for the project's future production. The announcement triggered a wave of buying as investors viewed the expansion of its copper portfolio as a significant positive catalyst for long-term earnings.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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