Metso Outotec has begun the next phase in the development of its Metals business by transferring its Hydrometallurgy interests to Minerals as it aims to pursue opportunities in the mineral processing sector.

The company said having Hydrometallurgy as part of its Minerals business will enhance customer service with a "competitive and fully integrated" product offering.

The company explained that it would also offer closer integration with customers' processes through digitalisation. Furthermore, it said gold and battery chemicals businesses are its "interesting new synergistic growth areas."

"A strategic review will be conducted in the remaining Metals business area, consisting of the Smelting, Metals & Chemical Processing and the Ferrous & Heat Transfer business lines, as well as related aftermarket services," Metso Outotec said in a statement.

The company's review will focus on evaluating the best environment for developing the Metals business and how it fits into its broader business portfolio.

"All potential options will be considered, including development by Metso Outotec, co-development with a partner, or divestment," it noted.

"The review has no impact on Metals' daily business conduct, sales, or project execution, which will continue with full commitment."