Hong Kong (Platts)--13Dec2012/838 am EST/1338 GMT
Aurubis produced 944,000 mt of copper cathode from its primary metal operations in fiscal 2011-12 running from October to September, up 1% from a year earlier, Europe's largest copper producer said Thursday. Copper cathode output from the company's recycling operations, however, dropped to 203,000 mt, down 5% from 213,000 mt produced a year earlier. Aurubis processed 2.073 million mt of of copper concentrates in the fiscal year, edging up 1% from 2.057 million mt the year before. Its output of copper wire rod fell to 646,000 mt in the period, down 18% year on year. Production of rolled products and specialty wire edged down 1% to 217,000 mt, while output of copper cast shapes fell 17% to 164,000 mt. Article continues below...Request a free trial of Metals DailyPlatts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
Aurubis produced 944,000 mt of copper cathode from its primary metal operations in fiscal 2011-12 running from October to September, up 1% from a year earlier, Europe's largest copper producer said Thursday. Copper cathode output from the company's recycling operations, however, dropped to 203,000 mt, down 5% from 213,000 mt produced a year earlier. Aurubis processed 2.073 million mt of of copper concentrates in the fiscal year, edging up 1% from 2.057 million mt the year before. Its output of copper wire rod fell to 646,000 mt in the period, down 18% year on year. Production of rolled products and specialty wire edged down 1% to 217,000 mt, while output of copper cast shapes fell 17% to 164,000 mt.
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Platts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
"The economic influences of the European debt crisis were reflected in copper product demand," Aurubis said. "With respect to the trend on the global copper market, we expect that the fundamental conditions will lead to high but volatile copper prices in 2013." Aurubis reported a 3.8% rise in earnings before tax of Eur516 million ($676 million) in fiscal 2011-12 on a revenue of Eur13.789 billion, up 3% from a year earlier. "The good result was supported first and foremost by higher concentrate treatment charges and higher throughputs of recycling materials," Aurubis said. "There was good availability of copper scrap and other recycling materials." Copper treatment and refining charges are the fees mines and traders pay smelters to process ore into metal.--Wendy Shair, newsdesk@platts.com--Edited by E Shailaja Nair, shailaja_nair@platts.com
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