One and One Green Technologies Inc (NASDAQ: YDDL) announced the launch of its Luzon copper-gold ore tailings slag recovery business venture. The Philippines-based recycler plans to work with small-scale mining companies in the mineral-rich Luzon region to obtain copper-gold ore tailings slag for processing at its main plant.

The International Copper Study Group estimates a 150,000 metric ton copper supply deficit in 2026. One and One will use an integrated procurement-smelting-export approach to process the ore tailings slag and send products to other countries.

S&P Global projects a copper supply imbalance of 10 million metric tons by 2040, driven by energy transition, electrification, and AI data center expansion. The company states this venture will complement its core recycling business by capturing value from both recycled copper and primary tailings slag sources.

"The global copper market is facing a structural supply deficit, and our Luzon copper-gold ore tailings slag recovery venture positions us to address this critical need directly," said Tina Yan, chairman and CEO. "By partnering with local small-scale miners, we are unlocking a new source of valuable copper and gold, creating a powerful synergy with our core recycling business."

One and One holds a government-issued license in the Philippines to import and process hazardous waste as raw materials. The company transforms electronic waste, scrap metal, and other raw materials into copper alloy ingots and aluminum scraps.

The information is based on a company press release statement.