Overview
- London contracts reached $14,125 per tonne on Thursday, a 7.9% daily gain and the biggest one‑day jump since 2009.
- Aurubis rose to an intraday record of €167.40 before trading near €166.50, up a little over 4% on the day and more than one third so far in 2026.
- The company raised its 2025/26 operating pre‑tax outlook to €375–475 million from €300–400 million earlier this week on stronger metal markets.
- LBBW analyst Jens Münstermann reiterated a buy rating with a €178 price target, citing advantages from primary production and recycling across secular growth areas.
- Gains in gold and silver further support Aurubis’s earnings, while China’s dominance in processing is steering attention to future supply options such as the Los Azules project in Argentina.