Aurubis, one of the world’s largest copper producers, has issued a warning about potential losses amounting to hundreds of millions of euros due to “criminal activity” in the metals industry. The company has raised concerns about a scandal that has been plaguing the industry, which could have significant financial implications.
Aurubis has reported that they have become aware of illegal activities related to metal trading, including fraud and corruption. These activities have the potential to cause severe financial damage to the company and the industry as a whole. The company has not provided specific details about the nature of the criminal activities or the parties involved, but they have stressed the importance of addressing this issue promptly to mitigate any potential losses.
This latest scandal in the metals industry adds to the growing list of concerns for the sector. With the increasing prevalence of fraud and corruption, companies like Aurubis are facing significant challenges in maintaining the integrity of their operations. It is crucial for the authorities to investigate and take appropriate actions to ensure that such criminal activities do not continue to harm the industry and its stakeholders.
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