INTERVIEW-Aurubis CEO says trading conditions improving

Fri Jul 10, 2009 5:15am EDT
 
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HAMBURG, July 10 (Reuters) - Aurubis (NAFG.DE), Europe's largest copper producer, sees evidence of a recovery in its business environment, Chief Executive Bernd Drouven told Reuters.

In an interview he says:

* demand for some copper products rising

* TC/RCs and scrap smelting fees seen firming on good concentrate supply

* Confirms operating profit expected in full financial year 2008/09

* Says LME copper price likely to remain about $5,000 a tonne

* Company has secure finance, sees no need for action

* Does not see synergy benefits with Salzgitter, expects no Salzgitter takeover offer

* Looking for acquisitions but no current targets

(Reporting by Michael Hogan and Jan C. Schwartz; Editing by Michael Shields)

((michael.j.hogan@thomsonreuters.com Reuters messaging: michael.hogan.reuters.com@reuters.net +49 40 419 03 4275)) Keywords: COPPER/AURUBIS

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