- In November 2023, SK Nexilis commenced production of ultra-thin oxygen-free copper (4 microns) at its new facility in Malaysia, with an annual capacity of 57,000 tons. This $690 million investment aims to meet the growing demand for high-conductivity materials in electronics and automotive sectors.
- In April 2023, SPSX, a U.S.-based wire company, acquired L&K, a European producer of oxygen-free copper. This acquisition enhances SPSX's position in the electric vehicle supply chain by providing high-efficiency windings for drive motors and securing a reliable supply of oxygen-free copper for EV components.
