Europe's largest copper producer, Aurubis, reported a ?,?137 million ($152.5 million) operating earnings loss in the fiscal year of 2018-19 ended September 30, but pledged to maintain plans to become a multi-metal provider, in a company statement on Wednesday December 11.
During October 1, 2018-September 30, 2019, Aurubis generated ?,?192 million in operating earnings before taxes (EBT), compared with ?,?329 million the prior year. Aurubis noted a significant impairment loss of ?,?31 million recognized against copper inventories, in addition to a ?,?20 million impairment loss recognized against...