Aurubis posts $279m loss on weaker metal prices, tighter scrap

Aurubis recorded a €210 million ($279 million) loss for the nine months ended June 30, as lower metal prices and reduced scrap availability affected the copper smelter’s profitability.

The company made a profit of €295 million in the same period a year earlier.

“While processing fees for copper concentrate and cathode premiums were at a high level [this...

Published

Alice Whitfield

August 14, 2013

12:18 GMT

London