{"id":2295,"date":"2023-09-04T13:45:27","date_gmt":"2023-09-04T11:45:27","guid":{"rendered":"https:\/\/scrapad.com\/?p=2295"},"modified":"2024-09-02T09:58:51","modified_gmt":"2024-09-02T07:58:51","slug":"aurubis-plummets-after-material-theft","status":"publish","type":"post","link":"https:\/\/scrapad.com\/en\/blog\/aurubis-plummets-after-material-theft","title":{"rendered":"Aurubis plummets on the stock market after material theft"},"content":{"rendered":" \n    <div class=\"c-post--header\" style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2023\/09\/aurubis-robo-cobre-1.jpg);\">\n        <a href=\"\" class=\"c-back-action\">\n            Go back        <\/a>\n        <h1>Aurubis plummets on the stock market after material theft<\/h1>\n\t\t<p class=\"c-post--author\">\n\t\t\tAuthor:\t\t\t<a href=\"https:\/\/scrapad.com\/en\/author\/scrapad-admin\/\">ScrapAd<\/a>\n\t\t<\/p>\n        <div class=\"c-post--meta\">\n            <p>04\/09\/2023<\/p>\n            <div class=\"c-post--actions\">\n                <a onclick=\"window.print()\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">print<\/i>\n                <\/a>\n                <a data-clipboard-text=\"\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">content_copy<\/i>\n                <\/a>\n                <span class=\"c-article__action share__trigger\">\n\t\t\t\t\t<i class=\"large material-icons icon\">share<\/i>\n\t\t\t\t\t<ul class=\"share__displays\">\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/facebook.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/share?text=&amp;url=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/twitter.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=&amp;title=&amp;summary=&amp;source=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/linkedin.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a\n\t\t\t\t\t\t\t\thref=\"mailto:info@scrapad.com?&amp;cc=&amp;bcc=&amp;subject=&amp;body=\"\n\t\t\t\t\t\t\t\ttarget=\"_blank\"\n\t\t\t\t\t\t\t>\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/email.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t    <\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n     \n    <section class=\"c-container \" style=\" background-color: #FBFBFB; background-size: cover; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 80px 100px 80px 100px; --lgPadding: 80px 100px 80px 100px; --xlPadding: 80px 100px 80px 100px; --xxlPadding: 80px 200px 80px 200px;  \">\n        <div class=\"wp-block-scrapad-blocks-container c-post\">\n<div class=\"c-article__desc wp-block-scrapad-blocks-article-desc\">\n<p>German company&nbsp;<a href=\"https:\/\/www.aurubis.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Aurubis AG<\/a>, Europe&#8217;s&nbsp;<strong>largest copper supplier<\/strong>, has suffered a&nbsp;<strong>massive metal theft<\/strong>, significantly affecting its profits, as it expects to miss this years&#8217; forecasts of between \u20ac450 and \u20ac550 million.<\/p>\n\n\n\n<p>On Friday 31 August, they issued a statement saying that they had detected&nbsp;<strong>significant deviations in their inventory of materials<\/strong>. Following this statement, the impact on the stock market was immediate, with Aurubis shares&nbsp;<strong>plummeting by up to 17% on the Frankfurt stock exchange<\/strong>.<\/p>\n\n\n\n<p>Aurubis&nbsp;<strong>detected discrepancies in its routine checks<\/strong>&nbsp;between in-stock and transported quantities of metals associated with its recycling division. The company has also announced that it will carry out an&nbsp;<strong>extraordinary inventory of all stocks<\/strong>, which it expects to complete by the end of September.<\/p>\n\n\n\n<p>They have also indicated that&nbsp;<strong>they cannot yet determine the exact extent of the damage<\/strong>, but they assure that the facts, which have already been brought to the attention of the police, will affect the results for the period 2022\/2023.<\/p>\n\n\n\n<p>Steelmaker Salzgitter AG will also be negatively impacted by the theft, as it owns 30% of the company.<\/p>\n\n\n\n<p>However, although the crisis erupted on Friday, the problem has existed for months. As early as June, Aurubis revealed that an investigation was underway that pointed to employees, former employees and subcontractors as possible suspects in a network that was believed to be involved in the theft of this type of metal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fraud in the metals market<\/h2>\n\n\n\n<p>This year could be described as the year of fraud in the metals market. We have already seen the collapse following the&nbsp;<a href=\"https:\/\/scrapad.com\/en\/blog\/trafigura-nickel-fraud\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trafigura fraud<\/a>, which lost $600 million when it bought a shipment of nickel in which there was no trace of the metal. Then the&nbsp;<a href=\"https:\/\/scrapad.com\/en\/blog\/what-is-lme-london-metal-exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">London Metal Exchange<\/a>&nbsp;was also defrauded over an alleged 54 tonnes of nickel that had been replaced by stones.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Security in your metal buying and selling transactions<\/h2>\n\n\n\n<p>At ScrapAd we are aware of the current situation in the market for&nbsp;<a href=\"https:\/\/scrapad.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">scrap metal trading<\/a>. Therefore, the first thing we offer our customers is security in their transactions. When&nbsp;<a href=\"https:\/\/scrapad.com\/en\/buy\/\" target=\"_blank\" rel=\"noreferrer noopener\">buying scrap metal<\/a>&nbsp;or selling it through ScrapAd, we assure you of the following:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>That you will negotiate with&nbsp;<strong>companies and professionals who are fully verified<\/strong>, both by our team and by our financial partner,&nbsp;<a href=\"https:\/\/www.lemonway.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lemonway<\/a>, which in turn works with BNP Paribas.&nbsp;<\/li>\n\n\n\n<li>That you will be able to&nbsp;<strong>request a sample of the material<\/strong>&nbsp;you want before negotiating for it.&nbsp;<\/li>\n\n\n\n<li>That&nbsp;<strong>deposits and payments are completely secure<\/strong>, as they are made through the platform, guaranteeing your money thanks to our financial partner.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>We make your negotiations&nbsp;<strong>safe, easy and profitable<\/strong>.&nbsp;<a href=\"https:\/\/marketplace.scrapad.com\/register\" target=\"_blank\" rel=\"noreferrer noopener\">Register for free<\/a>&nbsp;on our platform to start buying and selling the materials you are interested in.<\/p>\n<\/div>\n<\/div>\t<\/section>\n        <div class=\"c-container c-post--related\" style=\"background-color: #F7F5F2; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 40px 25px 40px 25px; --lgPadding: 72px 100px 72px 100px; --xlPadding: 72px 100px 72px 100px; --xxlPadding: 72px 100px 72px 100px;\">\n        <div class=\"container\">\n            <h3 class=\"c-article__side__heading\">Other posts that may interest you\u2026<\/h3>\n        <\/div>\n        <div class=\"scrapad-blocks-related glide\" data-autoplay=\"4000\" data-views-desktop=\"3\" data-views-tablet=\"2\" data-views-mobile=\"1\" data-mode=\"slider\">  \n            <div class=\"container glide__track\" data-glide-el=\"track\">\n                <div class=\"row slider-mobile glide__slides\">\n                                                                         \n                            <div class=\"col-12 col-lg-6 glide__slide\">\n                                    <div class=\"c-blog__item\">\n        <a href=\"https:\/\/scrapad.com\/en\/blog\/differences-between-brass-and-bronze\/\" class=\"c-blog__item--inner\">\n            <div class=\"c-blog__item__header\">\n                <div\n                    class=\"c-blog__item__image\"\n                    style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2025\/01\/laton-bronce.jpg;\"\n                ><\/div>\n                <\/div>\n                <div class=\"c-blog__item_body\">\n                    <h4 class=\"c-blog__item__title\">Differences between brass and bronze<\/h4>\n                    <div class=\"c-blog__item__meta\">\n                        <span class=\"c-blog__item__date\">29\/01\/2025<\/span>\n                    <\/div>\n                <div class=\"c-blog__item__desc\">\n                    <p>In the manufacturing industry it is common to use metal alloys such as bronze and brass. 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This decline coincides with warnings from one of the world&#8217;s largest steel producers, China, warning of a crisis in the sector.<\/p>\n                <\/div>\n                <div class=\"c-blog__item__footer\">\n                    <span class=\"c-blog__item__link\">Show details<\/span>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n                                <\/div>\n                                                            <\/div>\n            <\/div>\n        <\/div> \n    <\/div>\n    ","protected":false},"excerpt":{"rendered":"<p>German company\u00a0Aurubis AG, Europe&#8217;s\u00a0largest copper supplier, has suffered a\u00a0massive metal theft, significantly affecting its profits, as it expects to miss this years&#8217; forecasts of between \u20ac450 and \u20ac550 million.<\/p>\n","protected":false},"author":2,"featured_media":2300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[],"class_list":["post-2295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metals"],"acf":{"post_country":{"simple_value_formated":"<ul><li><a class=\"post-link\" href=\"https:\/\/scrapad.com\/en\/paises\/germany\/\" rel=\"bookmark\">Germany<\/a><\/li><\/ul>","value_formated":{"postIds":[2616],"postType":"paises"},"value":["2616"],"field":{"ID":0,"key":"field_64ef02d93e348","label":"Pa\u00eds","name":"post_country","aria-label":"","prefix":"acf","type":"relationship","value":null,"menu_order":0,"instructions":"","required":0,"id":"","class":"","conditional_logic":0,"parent":"group_64ef02d9ad6ee","wrapper":{"width":"","class":"","id":""},"post_type":["paises"],"post_status":["publish"],"taxonomy":"","filters":["search","post_type","taxonomy"],"return_format":"id","min":"","max":"","elements":"","_name":"post_country","_valid":1}}},"_links":{"self":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/2295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/comments?post=2295"}],"version-history":[{"count":6,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/2295\/revisions"}],"predecessor-version":[{"id":8889,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/2295\/revisions\/8889"}],"acf:post":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/paises\/2616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media\/2300"}],"wp:attachment":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media?parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/categories?post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/tags?post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}