Aurubis - Copper Producer Benefits from Energy Transition and Record High Gold Prices!

Business Drivers: As one of the largest copper producers, Aurubis can benefit from rising copper sales since copper plays a crucial role in the energy transition and the expansion of power grids. According to a recently published report by Bloomberg News, Aurubis intends to raise the so-called copper premium, which is the markup on the copper price of the London Metal Exchange (LME) that Aurubis charges for high-quality cathodes, for its European customers by 40% to a new record level of $315/ton. In the medium term, the company's earnings should...