Aurubis is launching its $800 million U.S. copper recycling smelter in 2025, aiming to process 180,000 metric tons of complex scrap and produce 70,000 tons of refined copper annually.

Aurubis will launch its US$800 million copper scrap smelter in the US in 2025, aiming to process 180,000 mt of copper scrap and produce 70,000 mt of copper cathode annually.

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LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt.

LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt. Trading volume was 28,000 lots, and open interest stood at 332,000 lots.

Satellite monitoring data of metal processing plants released on Friday showed that global copper smelting activity fell to the lowest level in two years in April, as Chinese smelters were closed for maintenance and production at North American factories slowed.