SMM5 16 / PRNewswire-FirstCall-Asianet / Aurubis AG, Europe's largest copper smelter, said on Tuesday that it expects the copper market to continue to be positive in the coming months and that the company expects earnings to increase.
The company's copper concentrate processing capacity increased to 641000 tons in the first quarter from 626000 tons a year earlier. Copper cathode production increased from 288000 tons to 291000 tons.
The company also said it expects good sales of bars and continued strong growth in demand for flat rolled products, especially high-end products such as high-end alloys and tinned steel strips, over the next few months. But a strong euro could have a negative impact on exports. "
Aurubis released its quarterly earnings report ahead of schedule on April 26 and raised its earnings forecast for the current fiscal year. Aurubis confirmed on Tuesday that operating profit rose 7 per cent to 107 million euros in the first quarter to the end of March. Aurubis also expects a modest 5.1 to 15 per cent increase in operating EBT for fiscal 2018.
Cao Yuuqin, (SMM) of Shanghai Colored net, translated from http://www.mining.com/web/aurubis-expects-continued-strong-copper-market-confirms-outlook/
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