COGNICURRENT

Remigiusz Paszkiewicz, CEO of KGHM, emphasizes the strategic importance of local content investments in Poland's industrial sector.

KGHM emphasizes the strategic advantage of working with local Polish suppliers for its investments and projects.

The Polish stock market is experiencing declines, particularly with the WIG20 index falling significantly amid poor performances by major companies.

Investors in Warsaw found support in rising foreign stock markets; however, domestic indices struggled to show significant growth, highlighted by KGHM's declining stock performance.

KGHM plans to construct new shafts to support the deepening of copper mining operations as they expand their extraction area.

KGHM's new shafts are essential for maintaining the company's high levels of copper extraction, despite the substantial time and financial investment required for their construction.

Despite some doubts during the session, the WIG20 index closed up nearly 1.2% while bears took control during the trading session today, leading to a decline.

KGHM is optimizing its foreign portfolio, which includes active mines in the United States and Chile, as well as development projects in Canada to meet the growing demand for copper.

The Warsaw Stock Exchange experienced significant drops, particularly influenced by a sharp decline in silver prices affecting KGHM shares and other indices.

KGHM is working on optimizing its foreign portfolio to enhance investment efficiency.

The week started with poor market sentiment, but a surge in demand on Monday has continued into Tuesday, particularly driving gains in large companies on the GPW.