Europe’s largest copper producer Aurubis guided for lower earnings next financial year on Monday as it expects metal prices to fall, and after hurdles with a production ramp-up hit its fourth-quarter earnings.
The German company previously shut down its main plant in Hamburg for maintenance for months, in order to increase production and make it more climate-friendly. The delay has weighed on output, resulting in lower-than-expected incomes from treatment and refining charges for concentrates, recycling materials and sulfuric acid, it added.
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