Aurubis to hit targets despite copper scrap shortage

Jun 19, 2013 | 05:04 PM | Mark Burton

Tags  Aurubis, copper scrap, copper recycling, LME copper prices, Volker Pawlitzki, London Metal Exchange, Mark Burton

DÜSSELDORF, Germany — Aurubis AG’s recycled copper business unit is on track to hit its 2013 production targets despite a tightening in copper scrap markets, Volker Pawlitzki, senior vice president for commercial recycling, told AMM sister publication Metal Bulletin.

The availability and pricing of scrap is the tightest it has been since 2009, when London Metal Exchange prices dropped precipitously in response to the global financial crisis and the supply of scrap froze almost completely, market sources said. ....

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