SMM5, May 5: on Monday, Aurubis, Europe's largest copper smelter, acquired Metallo, a metal recycling company, with the approval of the European Union's antitrust regulator.
The EU antitrust regulator said the deal would not have a negative impact on the copper recycling industry.
Aurubis said in May 2019 that it had agreed to buy Metallo Group, a metal recycling company, for 380 million euros ($412 million) as part of its plans to expand into metals other than copper.
Metallo, which focuses on recycling materials that are low in metal content and difficult to handle, has great potential for growth.
Metallo disposes of approximately 220000 tons of waste and recycled materials each year in Belgian factories and an additional 95000 tons in Spanish plants; Metallo employs approximately 530 people in Belgium and Spain.
"Click to participate in the second China (Yingtan) Copper Industry Summit and the 15th China International Copper Industry chain Summit."
"these enterprises have signed up! (with part of the list of participants)
To sign up for the summit or apply to enter the SMM industry exchange group, please scan the code:
![Geopolitical Disruptions Drove BC Copper to Close Sharply Higher, SHFE and LME Inverted Price Spread Widened Further [SMM BC Copper Commentary]](https://imgqn.smm.cn/usercenter/TlzAr20251217171709.jpg)
