Aurubis, copper and precious metals recycler, is betting on a €740 million ($868 million) investment in Richmond, Georgia to accelerate earnings from fiscal 2026/27 after start-up losses, while guiding current-year operating pre-tax profit to the middle of a €300–€400 million ($352–$469 million) range. The first Richmond module is due to start in September 2024, with...
READ MOREAurubis, Germany’s largest copper producer and Europe’s top recycler of complex metal scrap, is steering €1.7 billion ($1.89 billion) toward expansion. Chief financial officer Steffen Hoffmann—new in the role—says the programme, anchored by a €740 million recycling smelter in Richmond, Georgia, is aimed squarely at surging North-American appetite for critical metals. With a robust 56...
READ MORETroilus Gold, a Canadian mineral exploration and development company, has reached an agreement on indicative commercial offtake terms with Aurubis, a global copper smelter headquartered in Hamburg, Germany. The agreement covers the copper-gold concentrate expected to be produced from Troilus’ project in north-central Quebec, Canada. This development helps to underpin the project’s financial profile as...
READ MOREGerman copper producer Aurubis recorded a net profit of 76 million euros ($83.6 million) in the first quarter of 2025, representing a 28% decline from the same period last year. The company attributed the profit reduction to higher energy costs and decreased remuneration payments from mining partners for smelting and refining services. Despite profitability challenges,...
READ MOREGerman metals producer Aurubis is set to ramp up operations at its newly built copper recycling smelter in Richmond, Georgia, marking a significant milestone in the U.S. recycling landscape. The $800 million facility, which took four years to complete, will process 180,000 metric tons of complex copper scrap annually and produce 70,000 tons of refined...
READ MOREHamburger Energiewerke has partnered with the Aurubis copper smelter to utilize industrial waste heat for heating homes in Hamburg. The initiative, which is set to begin immediately, aims to supply up to 20,000 additional households with heat, marking the largest project of its kind in Germany. The waste heat is generated during a secondary stage...
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