Aurubis AG. Long-term trends in copper recycling. Christian Coesfeld. Metal Bulletin Copper Scrap Conference Munich, June,

Transcription

1 Aurubis AG Christian Coesfeld Long-term trends in copper recycling Metal Bulletin Copper Scrap Conference Munich, June,

2 Agenda 1. History and status quo 2. Global mega trends 3. Outlook and impact 2

3 Global copper stock in use increased over the last 50 years significantly million tons >400 million tons Transport Industrial Consumer Infrastructure Building 2016e Source: Fraunhofer ISI, Global Copper Flow Model; Aurubis internal assumptions 3

4 Global copper scrap market will increase over the next decades million tons Overall theoretical recycling potential in of ~50 million t of copper content Overall theoretical recycling potential in of ~70 million t of copper content Average lifetime of all copper products are estimated to be ~30 years with a range of: Consumer Electronics 2-4 years Automotive years Building 60 up to 80 years Source: Fraunhofer ISI, Global Copper Flow Model; Aurubis internal assumptions 4

5 Overall copper scrap will increase, however quality of copper scrap will change CU content Scrap Category No2 Shredder WEEE Life Cycle 1950 low years 2010 High* -> Trend for substitution CU content 1990 ~9 kg/car 2010 ~ 25 kg/car Scrap Category No2 Shredder WEEE Life Cycle years CU content Scrap Category Life Cycle No2 Circuit Boards WEEE years Source: Aurubis internal assumptions * Increase of copper in buildings due to replacement of lead tubes, installation of central heating systems and substantial electricity supply (beginning 1970s) 5

6 Agenda 1. History and status quo 2. Global mega trends 3. Outlook and impact 6

7 Global mega trends will influence the copper scrap recycling business» China and other fast growing countries are the main driver, supported by trends like urbanization, growing global middle-class (increase of CU/kg per capita)» Already high levels of income per capita and weak demographics will limit growth in developed countries (US, Japan and Western Europe)» Relocating production and export restrictions in China and potential protectionism in other growing markets could have negative influence on scrap availability» Substitution and miniaturization/new technologies leads to lower metal content e.g. IT and consumer electronics, substitution of copper via plastics, aluminum or other materials» Environmental legislation getting stricter (e.g. WEEE) in developing countries as well, increasing awareness from all stakeholders regarding sustainability and environmental protection 7

8 Agenda 1. History and status quo 2. Global mega trends 3. Outlook and impact 8

9 Complexity of recycling will increase over the next decades» Complex material, especially EOL electronics (end of life), combine values from different metals and/or other materials» Decreasing copper content (miniaturization and new technologies / production process efficiency) and increase of other elements requires a successful management of impurities» Upcoming new applications (complex materials) require new recycling technologies Multi-metal recycling is required to enable input of complex raw materials and high metal recovery E-scrap a complex mix of Ag Au Pt Pd Cu Ni Sn Al Fe Pb Sb Bi In Be Hg Cd As Br Cl F Rare Earth Elements Plastics / Organics Glass / Ceramic precious metals base metals special metals metals of concern halogens 9

10 Aurubis already processes a variety of different and also complex recycling materials Raw Material Processing Products Copper scrap Copper cathode Grade A Residues Shreddermaterials Printed circuit boards Copper Iron Slimes Nickel-sulfate SnPb Alloy Precious Metals KRS-Oxide E-Scrap Ferro-silicate sand Source: Aurubis

11 Aurubis treats more than 730 kt of all kind of recycling materials p.a. Fehrbellin Cable Scrap Hamburg Copper Scrap Intermediates E-Scrap others Olen Copper Scrap Luenen Copper Scrap Alloy Scrap Shredder Materials Industrial Residues E-Scrap Copper-Iron-Material others Pirdop Copper Scrap Source: Aurubis

12 Back-up 12

13 Aurubis Recycling Center Lünen» Has a more than 100-year industrial history going back to 1916» Is now the world s largest copper recycling plant with an annual capacity of more than 210,000 t of copper cathodes» In addition, the by-metals tin, lead, zinc, nickel and precious metals are recovered» Main operations Material sampling and preparation plant Kayser Recycling System (KRS) with addition of KRS-Plus (TBRC) Anode furnace plant Copper tankhouse» Since 2000, over 200m EUR has been invested in new technologies, half of it in environmental protection 13

14 Productivity, efficiency, environmental compliance and the capability to treat complex material are the core of Aurubis success Raw materials Concentrate Blister Scrap no. 1 Scrap no. 2 E-scrap BU Primary Copper Aurubis: an integrated copper producer BU Copper Products Processors and end users» Cathodes» Sulfuric acid» Precious metals» Minor metals» Iron silicate» Cathodes» Wire rod» Shapes» Flat rolled products» Bars & Profiles Primary smelting Hamburg (D), Pirdop (BG) Secondary smelting Lünen (D), Olen (BE) Main product sites Hamburg, Emmerich, Stolberg (D), Zutphen (NL), Buffalo (US), Avellino (I), Olen (BE), Pori (F) 14

15 Aurubis is a world leader in the copper value chain Output FY 2014/15 Position Concentrate processing 2,294,000 t No. 2 worldwide Copper recycling 294,000 t No. 1 worldwide Cathode production 1,138,000 t No. 3 worldwide Rod production 764,000 t No. 1 worldwide Shape production 170,000 t No. 1 in Europe Strip production 216,000 t No. 1 worldwide Gold production Silver production 45 t 958 t 15

16 Disclaimer Forward-looking statements This document contains forward-looking statements that involve risks and uncertainties, including statements about Aurubis plans, objectives, expectations and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Aurubis. Should one or more of these risks, uncertainties or contingencies materialize, or should any underlying assumptions prove incorrect, actual results could vary materially from those anticipated, expected, estimated or projected. 16