Aurubis AG Secures €200 Million Loan from European Investment Bank

Aurubis AG has acquired a €200 million loan from the European Investment Bank (EIB) to advance copper production and recycling efforts. The five-year loan aims to boost sustainable metal production across Europe, supporting Aurubis' Bulgarian and Hamburg sites. This financing aligns with the new EIB strategy to bolster Europe's critical raw materials supply.

The investment will enable Aurubis to expand its Bulgarian site's copper refining, leading to a 50% increase in production. Additionally, at its Hamburg plant, the company will enhance recycling capabilities to process 30,000 more tons of recycled material, playing a vital role in Europe's circular economy.

This agreement, under the EU's Critical Raw Materials Act, emphasizes Europe's need for critical materials like copper, crucial for various technological advancements. Aurubis' initiatives align with economic growth, regional development, and sustainable business practices, contributing to the EU’s objectives of resilience and competitiveness.