Aurubis raises 2027 copper premium: Aurubis stock sits 31.86 percent below its 52-week high

Published on 10/19/2026 at 10:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fastmarkets reported a USD 347 premium for 2027 on October 14, 2026, up 10.16 percent. Aurubis stock costs EUR 153.45 on October 19, 2026, below EUR 153.80.

Copper pricing and earnings

Fastmarkets reported a USD 347 copper premium for 2027 supplies on October 14, 2026.
Aurubis raised operating EBT guidance to EUR 425-525 million for fiscal year 2025/26 on May 11, 2026.
Aurubis stock trades at EUR 153.45 at 9:53 a.m. CEST at Lang & Schwarz on October 19, 2026, minus 0.23 percent below the Xetra close of October 16, 2026.
ODDO BHF cut its Aurubis target from EUR 210 to EUR 208 on October 12, 2026.

Bauhaus-Poster mit geometrischen Formen, KUPFER- und NE-METALLE-Text in Rot-Orange-Grau — Aurubis AG NE-Metalle Sektor als Bauhaus-Geometrie-Poster mit KUPFER-Text in Rot und Orange, ISIN DE0006766504, Illustration mit AI erstellt.

Aurubis stock (ISIN DE0006766504) was trading at EUR 153.45 at Lang & Schwarz on October 19, 2026, at 9:53 a.m. CEST, minus 0.23 percent versus the Xetra close of October 16, 2026 at EUR 153.80. Fastmarkets reported on October 14, 2026 that Aurubis had raised its European copper premium for 2027 contractual supplies to USD 347 per tonne. The premium was 10.16 percent above the USD 315 level for 2026, giving the latest market signal a clear commercial dimension.

Premium reaches USD 347

Fastmarkets said Aurubis declined to comment because customer communications are handled directly between the company and its clients. The report nevertheless places the premium in a measurable market context: Fastmarkets cited a German delivered copper cathode premium of USD 250-280 per tonne on October 6, 2026, below the annual 2027 offer.

The premium does not equal reported revenue, but it can influence the economics of copper cathode sales. Fastmarkets also noted that market participants linked the higher offer to arbitrage expectations between London Metal Exchange and Chicago Mercantile Exchange prices, while some traders questioned the level against subdued spot buying.

What does the premium mean?

The key counterweight is execution across Aurubis's processing network. NadirAlpha reported EUR 6.449 billion of revenue and EUR 114.00 million of net income for the third quarter of fiscal year 2025/26. The same source listed EUR 686.00 million of net debt for that period, showing that growth projects still carry a balance-sheet cost.

Three dated operating signals

On May 11, 2026, Aurubis raised fiscal year 2025/26 operating earnings before taxes guidance to EUR 425-525 million from EUR 375-475 million, according to NadirAlpha. On August 6, 2026, its quarterly figures showed EUR 6.449 billion of revenue and EUR 146.00 million of operating income. On October 14, 2026, Fastmarkets reported the USD 347 copper premium, the latest of the three signals.

Stock and valuation

Goldesel reported on October 12, 2026 that ODDO BHF cut its Aurubis target from EUR 210 to EUR 208 while retaining an Outperform rating. The target stood 26.23 percent above the Lang & Schwarz price, while the stock was 31.86 percent below its EUR 225.20 52-week high as of October 19, 2026.

Stock trades below its high

The combination of a higher contractual copper premium and increased net debt leaves execution central to the earnings picture. Aurubis's fiscal year 2025/26 guidance and the performance of its recycling projects remain the main company-specific reference points.

The further course of trading is shown by the continuously updated real-time quote of Aurubis stock.