Aurubis says 2021 ended profitably

Hamburg, Germany-based Aurubis AG says preliminary figures for its financial quarter ending Dec. 31, 2021, indicate it generated operating earnings before taxes (EBT) of 152 million euros ($172.7 million). That nearly doubles the 82 million euros ($93.2 million) earned the same quarter in 2020.

For its entire fiscal year 2021/2022, which will not end until Sept. 30 of this year, Aurubis is increasing its forecast for operating EBT to between $454 million and $568 million. (The forecast range for operating EBT previously was between $363 million and $432 million.)

Aurubis, which operates a scrap-fed copper production facility in Buffalo, New York, is poised to increase its presence in the United States with its plan to build a scrap-fed smelter in Augusta, Georgia, that will produce 35,000 metric tons of blister copper annually.

“Just in December, Aurubis reported the best annual result in the company’s history,” states the firm.

Aurubis CEO Roland Harings says, “We achieved considerably higher revenues from sulfuric acid sales and an improved metal gain, especially for the industrial metals copper, tin, nickel and zinc – with increased metal prices. In the meantime, we’re [now] the leading European recycler of tin.”

The company describes itself as “consistently developing into an international multimetal provider that caters to the megatrends of the future and, in recycling a variety of input materials, makes a meaningful contribution to a functional international circular economy.”

The firm says its final figures for the quarter that ended Dec. 31. 2021, its first of the current fiscal year, will be released Feb. 7, 2022.