Aurubis, Europe’s biggest copper smelter, has agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals. “Due to megatrends such as smart homes, e-mobility, digitalization and renewable energies, both the quantity and the complexity of secondary raw materials will increase significantly,” Aurubis Chief Executive Juergen Schachler said.
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