Boliden benefits from resilient base metals demand in Europe
Boliden’s investment case continues to rest on its strong exposure to European base metals demand, solid copper and zinc pricing, and the strategic nature of its smelting assets, even as profit booking in precious metals and FX headwinds temper near-term EPS expectations.
Published on 11/11/2025
at 12:38 pm EST - Modified on 11/11/2025
at 11:58 am EST
Boliden AB is Europe's No. 3 zinc and copper producer. The group is also active in metal casting, refining, and recycling. Boliden AB also produces gold, silver and lead. Net sales break down by activity as follows:
- metal production and processing (96%);
- metal extraction (4%): primarily zinc and copper.
At the end of 2024, the group had 5 mines located in Sweden (3), Finland, and Ireland.
Net sales are distributed geographically as follows: Sweden (4%), Finland (10.2%), Nordic countries (0.6%), Germany (19%), the United Kingdom (16.5%), Europe (44.7%), North America (0.1%) and other (4.9%).
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