Aurubis Posts Strong Nine-Month Results Amid Major Shutdown

Aurubis AG, a prominent global non-ferrous metals provider and major copper recycler, reported robust operating earnings before taxes (EBT) of €333 million for the nine months ending June 30, 2024. This represents a 30% increase from the prior year’s €257 million. The growth was driven by higher treatment and refining charges, increased metal results, higher premium revenues for copper, and reduced energy costs.

The Multimetal Recycling segment posted an operating EBT of €109 million, down from €143 million year-over-year. However, the Custom Smelting & Products segment saw a significant rise, achieving €317 million in operating EBT, up from €173 million last year.

Aurubis emphasized ongoing investments exceeding €500 million in core business and growth projects while maintaining low debt levels. CEO Roland Harings praised the team for successfully managing the largest and most complex shutdown in company history.