Investment in precious metal processing and environmental protection
Aurubis AG, a leading global supplier of non-ferrous metals and one of the largest copper recyclers, recently announced investment decisions, particularly for the Hamburg site. At the most recent meeting of the Supervisory Board, two new projects were approved for the northern German site, totaling 330 million euros. Of this amount, around EUR 300 million is earmarked for the construction of a new precious metals processing plant, known as the Precious Metals Refinery (PMR). In conjunction with the existing facilities, this will create a new, highly secure area for processing precious metals at the site.
According to the Kiel Institute, global trade increased by 2% in October 2023 compared to September 2023, with EU trade in particular contributing to this increase.
In addition to the PMR, Aurubis is providing around 30 million euros to improve environmental protection. The company also announced the second phase and a significant expansion of the system for reducing fugitive emissions (RDE) in primary copper production.”
Safety of precious metal processing
According to Aurubis, it is strengthening its security measures in precious metal processing. The new precious metals processing plant is scheduled to be commissioned at the end of 2026. The entire precious metals processing chain will be brought together in a closed security area under Precious Metals Hamburg.
According to the press release, the newly developed metallurgical process promises increased efficiency. The processing times for materials with precious metal content should be significantly shortened and operating costs reduced by around 15 percent.
With the new plant, Aurubis is significantly expanding its production capacities in the precious metals sector and setting the course for further projects in its growth strategy.
Source: www.kloepfel-consulting.com