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 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.
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.
European stocks advanced for a seventh day, the longest winning streak this year, as better- than-estimated earnings boosted confidence in the economy and a report showed U.S. consumer spending rose last month.
Scrap copper usage this year will probably be “good,” partly because automakers are taking up more metal supplies, according to recycler Alter Trading Corp.
"We presently see a very positive order flow for next year."
- Bernd Drouven on Dec 05, 2010