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Aurubis anticipates ‘stable’ copper scrap market

Global – The world’€™s largest copper recycler Aurubis has returned ‘very good’ operating earnings before taxes of Euro 261 million for the first nine months of fiscal year 2014/15; this compares to Euro 75 million in the corresponding period of 2013/14.

Positive contributions to the results were made by ‘higher treatment and refining charges for the input materials copper concentrate and copper scrap, much higher sulfuric acid prices worldwide, a higher cathode premium and the strong US dollar,’ according to the Germany-based group.

Dr Bernd Drouven, chairman of the Aurubis AG executive board, observes: ‘The third quarter was a continuation of the very good second quarter. Not only the good market environment contributed to this but also the high ongoing productivity of our facilities.’

Looking ahead to the final three months of its financial year, Aurubis expects ‘the copper scrap market to be stable in the fourth quarter with good refining charges’, as well as ‘a good supply of copper concentrates and considerably improved treatment and refining charges compared to the previous year’.

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