Report
Emna Ben Bdira ...
  • Maxime Kogge

Aurubis : Cathode premium stable and TC/RCs probably up slightly: outlook turns positive, rating upgraded to Outperform

>Cathode premium set at a higher-than-expected level - Aurubis announced on Thursday that it was leaving its cathode premium unchanged at $ 228 /t in 2024. It had risen significantly last year (+85%) in a context of demand buoyed by the energy transition and the pass-through of higher energy costs. This is very good news since we, like the market, expected it to come down slightly insofar as energy costs have normalised in the meantime and copper demand is showing sig...
Underlying
Aurubis AG

Norddeutsche Steingut is a Germany-based manufacturer and distributor of tiles, concentrating on wall and floor tiles for the residential and commercial sector. As of December 31, 2011, Co. was operational through its two wholly owned subsidiaries Nord Ceram Fliesenproduktions und -vertriebs GmbH & Co. KG, which mass produces standard- and large-size floor tiles under the Pro brand for its own sale and for partners of the parent company; as well as Bremer Wandplatten GmbH, which produces floor and wall tiles under the BW brand. Co.concentrates on business activities in Germany

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emna Ben Bdira

Maxime Kogge

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