M2i Global Inc (OTC:MTWO) says its Australian copper agreement has surged in value to $1.17 billion after LME prices climbed to $13,320 per ton, within reach of an all-time high.
The deal, first disclosed in July 2024 at $945 million, has gained more than 24% in value as copper prices rally on tightening supply and surging demand tied to electrification and artificial intelligence infrastructure
LME copper prices have risen roughly 10% year-to-date, driven by a rebound in Chinese industrial demand and supply constraints stemming from Middle Eastern conflict, which has squeezed sulfur supplies used in certain copper production processes. According to data cited by M2i in a press release, analysts including Scotiabank, JP Morgan, and Goldman Sachs are projecting significant copper deficits through 2026 and 2027, driven by EV and AI data center demand, with Goldman calling copper a core target of the AI and electrification supercycle. M2i Global, which specializes in global critical minerals supply chains, is also conducting due diligence on a number of domestic deposits as it looks to expand its project portfolio.
The update comes ahead of M2i’s pending merger with aviation technology company Volato Group (NYSE American: SOAR), which shareholders of both companies approved in May 2026. The combined entity is targeting the US critical minerals market, which M2i estimates exceeds $320 billion annually