Aurubis AG Capital Markets Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Christian Obst, Baader Bank. First, why haven't you directly started with the planning over tankhouse and the wire rod plant in Richmond in the U.S., it makes perfectly sense. And we will make it now or in the future, why not planning it at the fully integrated plant?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Next one is on, so you are expecting more metal and more precious metals going forward. So how are the discussions with your suppliers are going on because I think they will also share of that kind of profit. You are showing some interesting profit increase going forward, what you expect. So how will the other players' discussions are working?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : But if you have -- if you are the only one able to extract as you do. So yes, then you can say, okay, you cannot give it to any other kind of smelter network and therefore, I take 100%. Is it -- do you have this kind of situation currently in certain metals?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Of course. But then what is the main competitor -- what are the main competitors for your enlarged smelter network?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : I have the last one. As you are the only one in the U.S. able to make what you are doing there, can you dictate in some kind of way the refining charges then because there is no other smelter there?