Aurubis Secures €200M EIB Loan for Recycling and Copper Expansion
- Aurubis receives a €200 million loan from EIB for copper refining and recycling projects.
- The Bulgarian site will see a €120 million investment, increasing copper production by 50% by 2025/26.
- Hamburg's €190 million recycling program will process 30,000 additional tons of recycled material.
- The projects align with the EU's Critical Raw Materials Act to enhance supply chain resilience.
Investment Overview
Aurubis AG has secured a €200 million loan from the European Investment Bank (EIB) to fund strategic projects aimed at expanding copper refining and recycling capabilities. This financing is part of the EIB's new strategy to enhance Europe's critical raw materials supply.
Bulgarian Expansion
The Bulgarian site will receive a €120 million investment to expand its tankhouse, increasing cathode production by 50% to 340,000 tons annually by the 2025/26 fiscal year. This expansion supports Bulgaria's economic growth and job creation.
Hamburg Recycling Initiative
The Hamburg plant will benefit from a €190 million investment in the Complex Recycling Hamburg program, which aims to process an additional 30,000 tons of recycled material. This initiative will optimize material flows and strengthen the circular economy.
Strategic Alignment
These projects align with the EU's Critical Raw Materials Act, supporting Europe's resilience and industrial competitiveness by securing essential raw materials like copper. The initiatives are expected to bolster the EU's supply chain and contribute to sustainable development.
Source: EIB