ArcelorMittal Secures Long-Term Liberia Mining Deal to 2050, Anchoring $1.8 Billion Expansion

ArcelorMittal ( (MT) ) has issued an update.

On 30 January 2026, the Government of Liberia and ArcelorMittal signed and ratified an amended long-term Mineral Development Agreement extending the company’s mining rights to 2050, with an option for a further 25 years, cementing ArcelorMittal’s commitment to its Liberian iron ore operations and confirming multi‑user access principles for the Tokadeh–Buchanan rail corridor. The deal underpins ArcelorMittal’s $1.8 billion expansion project—centered on a new state-of-the-art iron ore concentrator at Tokadeh and major rail, port and power investments—which will lift iron ore shipments from about 5 million tonnes annually to 20 million tonnes in 2026, with feasibility studies under way for output beyond that level; in return for extended mining rights and reserved rail capacity, ArcelorMittal will pay Liberia $200 million, while the upgraded infrastructure and quadrupling of exports are expected to significantly boost Liberian GDP, tax and royalty receipts, employment and local business activity, reinforcing both the country’s status as a regional mining hub and the company’s long-term position in West African iron ore.

The most recent analyst rating on (MT) stock is a Hold with a $60.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

Spark’s Take on MT Stock

According to Spark, TipRanks’ AI Analyst, MT is a Outperform.

ArcelorMittal’s stock is supported by strong technical momentum and a positive earnings outlook, despite challenges in profitability and cash flow management. The valuation is reasonable, but the low dividend yield limits immediate income potential. The company’s strategic initiatives and trade tools provide a positive long-term outlook.

To see Spark’s full report on MT stock, click here.

More about ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining groups, with operations in 60 countries and primary steelmaking facilities in 14. It is the largest steel producer in Europe, a major producer in the Americas, and is expanding in Asia via its AM/NS India joint venture, supplying automotive, engineering, construction and machinery customers. In 2024 the company generated $62.4 billion in revenue, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore.

Average Trading Volume: 1,406,326

Technical Sentiment Signal: Buy

Current Market Cap: $41.45B

Find detailed analytics on MT stock on TipRanks’ Stock Analysis page.