LME WEEK 2020 – INTERVIEW: Aurubis' multi-metal strategy is boon to output amid market instability; begins Metallo integration

Aurubis, Europe’s largest copper producer, sees its multi-metal strategy as a competitive advantage against a backdrop of precarious market conditions, with executive chairman to the board Roland Harings highlighting the company’s acquisition and integration of Belgian-Spanish recycler Metallo as a step change in optimizing production.

Despite pandemic-related setbacks, the German-based producer opted against revising its forecast for full-year group operating earnings before tax, keeping the level unchanged at €185-250 million ($219-296 million) for the 2019-20 financial year, Harings told Fastmarkets in an interview during LME Week.
Against an economic fallout across the continent however, the company’s multi-metal strategy, adopted in 2017, is anticipated to soften the blow of the global Covid-19 pandemic.
“Regarding Covid-19, Aurubis came quite solid through this crisis. Our resilient business model, and multi-metal strategy worked here. We implemented clear, strict measures when we saw the pandemic was coming, ensuring the safety of our people and moving our company more towards digital ways of doing business,” Harings said.

"Despite pandemic-related mining closures, we were also well supplied with concentrates. We had to be flexible, but together with our long term mining partners we were able to keep our smelters going,” he...

Published

Hassan Butt

October 26, 2020

13:26 GMT

London