Cunext Copper Industries SL, a Spanish company specializing in copper and aluminum products for electrical energy and data transmission, is reportedly exploring an initial public offering (IPO). This move is being considered to secure financing for the company's significant expansion initiatives, including a new copper processing plant in North Carolina, USA, and a pioneering "green copper" factory in Cordoba, Spain. The company's current capital stands at $15,640,562, following a capital increase of $5,126,994 in January 2026.
The US expansion involves a total investment of over $35 million, potentially reaching $80 million in its second phase, for a plant with an annual production capacity of 45,000 metric tons and 100,000 tons of recovered copper. This project is supported by a $2 million joint venture loan from COFIDES and a local partner, aligning with SDG 9 (Industry, innovation and infrastructure) by fostering a circular economy.
In Spain, Cunext is constructing a "green copper" factory in Cordoba, which will use an innovative electrolysis process to produce 100,000 tons of high-purity copper cathodes annually from recycled materials. This initiative aims to reduce reliance on primary copper extraction and cut the carbon footprint by over one million tons of CO2. The project has received partial funding from the Recovery, Transformation and Resilience Plan (PRTR) - Next Generation EU.
Cunext is also strengthening its strategic alliances, as evidenced by its increased stake in Cox, a Spanish utility company, from 5.149% to 5.34%. This acquisition involved purchasing 146,341 shares for $1.2 million at $8.20 per share, reinforcing Cunext's commitment to industrial synergies with key partners in the energy sector. Dámaso Quintana, Cunext Group CEO, emphasized the strategic rather than financial nature of this participation, aiming to contribute a global vision of the electrical supply chain to Cox.
