Aurubis foresees healthy scrap supply in medium term

Germany: Aurubis, the world’s leading copper recycler, envisages 'good supply on the copper scrap market, with correspondingly high refining charges in the coming months'.

These observations were made as the Germany-based group announced operating earnings before taxes of Euro 211 million for the first nine months of the 2016/17 financial year as compared to Euro 148 million in the opening three quarters of 2015/16; at the same time, group revenues increased by some Euro 1.113 billion to Euro 8.189 billion.

Among those factors identified by Aurubis as contributing towards the positive results were ‘high refining charges for copper scrap with a good supply’, a high metal gain with high metal prices, and the US dollar exchange rate.

For 2016/17 as a whole, Aurubis’ ceo Jürgen Schachler confirms the group’s continuing expectations of significantly higher pre-tax operating earnings when compared to those recorded for the 2015/16 fiscal year.

 



Sign up now for our free, weekly newsletter

advertisement