Aurubis AG stock (DE0006766504): Profit forecast raised on strong copper and recycling markets

Aurubis AG has raised its full?year 2025/26 earnings forecast after reporting an improved quarterly result, citing a more favorable market environment for copper and recycling activities. The Hamburg?based multimetal supplier now expects an operating EBT of €425–525 million for the current fiscal year, up from a prior range of €375–475 million, and an operating return on capital employed (ROCE) of 10–12%, compared with 9–11% previously, according to a press release dated May 11, 2026.Aurubis press release as of 05/11/2026

As of: 08.05.2026

By the editorial team – specialized in equity coverage.

Aurubis AG: core business model

Aurubis AG operates as a leading global provider of non?ferrous metals and one of the largest copper recyclers worldwide. The company processes copper concentrates and recycling materials into a broad product portfolio that includes copper cathodes, continuous cast wire rods, continuous cast shapes, and precious metals such as gold and silver.Aurubis press release as of 05/11/2026

The business is organized around two main segments: Multimetal Recycling and Custom Smelting & Products. The Custom Smelting & Products segment is the primary revenue driver, handling large?scale copper smelting and refining as well as the production of semi?finished copper products used in electrical applications, industrial equipment, and infrastructure projects.Morningstar company profile as of 05/08/2026

Aurubis also generates additional revenue from byproducts such as sulfuric acid and iron silicate, which are produced during the copper?refining process. These byproducts are sold into chemical and construction markets, adding diversification to the company’s earnings base.Morningstar company profile as of 05/08/2026

Main revenue and product drivers for Aurubis AG

Revenue for Aurubis AG is predominantly generated through the sale of continuous cast wire rods, copper cathodes, precious metals, and continuous cast shapes. These products feed into the manufacture of cables and wires used in power transmission, building infrastructure, automotive systems, and renewable?energy installations.Morningstar company profile as of 05/08/2026

High copper prices and strong demand for recycled metals have supported the company’s recent performance. Aurubis highlights that its integrated production network across Europe and the United States allows it to leverage synergies between primary smelting and recycling, improving metal yield and energy efficiency.Aurubis press release as of 05/11/2026

The company’s recycling activities are increasingly important as industrial customers seek lower?carbon metal inputs. Aurubis positions itself as a technologically advanced recycler, emphasizing closed?loop metal cycles and reduced energy intensity compared with purely primary?production peers.Aurubis statement on sector decarbonization as of 05/08/2026

Why Aurubis AG matters for US investors

For US investors, Aurubis AG offers exposure to global copper and recycling markets through a European?listed industrial stock. The company operates production sites in the United States, which link its earnings to North American industrial demand, including construction, automotive, and power?grid investments.Morningstar company profile as of 05/08/2026

Copper is a key material for electrification and renewable?energy infrastructure, sectors that are central to US energy?transition policies. Aurubis’ focus on recycling and lower?carbon production methods may appeal to investors seeking industrials with a sustainability angle, even though the stock trades in euros on Xetra.Aurubis statement on sector decarbonization as of 05/08/2026

Conclusion

Aurubis AG has raised its 2025/26 earnings forecast on the back of a stronger quarterly result and a more favorable outlook for copper and recycling markets. The company’s integrated smelting and recycling model, combined with production sites in Europe and the United States, positions it at the intersection of industrial demand and the energy transition.Aurubis press release as of 05/11/2026

For US investors, the stock offers indirect exposure to global copper cycles and recycling trends, but also carries currency and European?market risks. The revised guidance reflects improved near?term visibility, yet long?term performance will depend on metal?price developments, energy costs, and the pace of decarbonization in the copper sector.Aurubis statement on sector decarbonization as of 05/08/2026

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.