Skip to main content

Aurubis results boosted by good copper scrap supply

Germany – Major copper recycler Aurubis boosted its pre-tax operating earnings to Euro 298 million (US$ 351 million) in the 2016-17 fiscal year from Euro 213 million (US$ 251 million) in 2015/16.

According to the Germany-based group, the result was supported by ‘an advantageous input mix as well as good availability of copper concentrates, significantly higher refining charges for copper scrap with a good supply, a higher metal yield with increased metal prices, increased sales of shapes and flat rolled products and a strong US dollar’.

Aurubis expects stable-to-good demand for copper products in the coming fiscal year but acknowledges markets for copper scrap and sulfuric acid are ‘difficult to forecast’ because of their dependence on ‘many short-term and regional factors’. Among its objectives for the period, the group is looking to develop and expand sales channels for recovered metals; for example, it is working with the South Korean LS Corp on a feasibility study about the possible construction of a production factory for battery-capable nickel sulfate.

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

Aurubis to shed part of FRP segment
Copper production recovering

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe