Chinese metal producer MMG to raise US$1.6 billion selling stocks and bonds (opens original article in a new tab)

MMG, a Chinese metal producer, plans to raise US$1.6 billion by selling shares and convertible bonds to support business expansion amid increased demand for metals driven by AI infrastructure.

• MMG plans to raise US$1.6 billion through stock and bond sales
• Proceeds will fund business expansion and refinance loans
• Copper prices have risen 15% in New York this year