Reduced copper inventories among consumers and lopsided global stockpiles lie behind higher European premiums for the metal, according to Aurubis AG.
Aurubis AG expects copper prices to rise further, Frankfurter Allgemeine Sonntagszeitung reported, citing an interview with Chief Executive Officer Bernd Drouven.
Aurubis AG expects a higher-than- expected profit this year and a stable business next year with “fluctuations,” Handelsblatt reported, citing an interview with Chief Executive Officer Bernd Drouven.
Aurubis AG Chief Executive Officer Bernd Drouven said Germany’s new energy policy increases the danger of a prolonged blackout, Frankfurter Allgemeine Zeitung reported.
Aurubis AG Chief Executive Officer Bernd Drouven said the company will look more closely for acquisitions in Asia and South America, Euro am Sonntag reported today.
Fees paid by copper miners to smelters for processing crushed ore will rise next year as supply catches up with demand, said Aurubis AG , Europe’s largest smelter of the metal.
Aurubis AG’s supervisory board unanimously appointed Peter Willbrandt as Bernd Drouven’s successor as chief executive officer effective January 1, 2012.
The world’s biggest copper producers are warning of looming supply limits at the same time that growing concerns about the global economy leave investors with the largest losses in nine years.
The biggest slump in copper inventories in six years is compounding shortages as prices head toward record highs, making the metal a top pick for Goldman Sachs Group Inc. and Morgan Stanley.
German stocks gained for a seventh day as the benchmark DAX Index posted its biggest monthly increase in more than a year.
"We presently see a very positive order flow for next year."
- Bernd Drouven on Dec 05, 2010