Hudbay Minerals Closes $600 Million JV with Mitsubishi for Copper World Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Source: Globenewswire
- Strategic Investment Closed: Hudbay successfully closes its strategic investment transaction with Mitsubishi, with an initial $420 million investment and an additional $180 million within 18 months, marking the start of a long-term partnership for the Copper World project.
- Value Enhancement: The transaction increases the internal rate of return (IRR) for the Copper World project to approximately 90%, providing Hudbay with significant financial flexibility and is expected to boost copper production by over 50%.
- Partnering Advantages: Mitsubishi, as a leading global trading company with a strong copper asset portfolio, validates the long-term value of Copper World and will enhance Hudbay's copper development strategy in the U.S.
- Feasibility Study Progress: Hudbay is actively advancing the feasibility study for Copper World, expected to be completed by mid-2026, ensuring the project moves forward as planned and supports future capital contributions.
Analyst Views on HBM
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
About HBM
Hudbay Minerals Inc. is a Canada-based copper-focused critical minerals company with three operations and a pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. The Company's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). The Company's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Copper Mountain Mine, located south of Princeton, British Columbia, is a conventional open pit, truck and shovel operation. The Constancia mine is located in the province of Chumbivilcas in southern Peru. Its primary production is copper, complemented by gold production and by-products, such as zinc, silver, and molybdenum.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
