Three Aurubis copper smelters shut for unscheduled maintenance; shares drop

Europe's largest copper smelter Aurubis has shut three of its four copper smelters for unplanned maintenance, the company acknowledged today.

The plants in Hamburg, Pirdrop and Luenen have a combined annual production capacity of 990,000 tonnes or 3.5% of world output.

Shares in Aurubis are down by 16% since the smelting company announced yesterday that third-quarter profits would be materially affected by the shutdowns. Shares were last at €43.70...


Archie Hunter

November 27, 2018

16:05 GMT