Press Release

Aurubis and Codelco drive innovation for sustainability in the copper industry: Working together for more metals from responsible production 

A strong partnership for sustainably produced raw materials and an increased global copper supply: Multimetal producer and copper recycler Aurubis and Chilean mining company Codelco, the world’s largest copper producer, signed a comprehensive cooperation agreement in Santiago de Chile yesterday. Together, they aim to further improve the production of copper, the metal of the energy transition, and other elements while simultaneously balancing the needs of the environment and people along the supply chain. At the start of 2023, Codelco and Aurubis marked the renewal of the German-Chilean raw material partnership by announcing their intent to work together towards a more sustainable copper value chain by signing a memorandum of understanding (MoU).  

Cooperation comprises six core working areas: Firstly, technical projects for more environmentally friendly production in Chile. Secondly, an employee exchange program, in part to promote awareness of a sustainable supply chain. Thirdly, the partners plan to expand commercial activities to secure more metals for the European energy transition. The additional workflows address the exchange of information on ESG development with a particular focus on The Copper Mark sustainability quality seal, innovation and new decarbonizing processes, expanding the circular economy and recycling in Chile.  

Aurubis views long-term relationships with business partners like Codelco from the mining industry who share its values as an important strategy in meeting the steeply rising global demand for responsibly produced metals. And although expanding multimetal recycling is playing an increasingly central role: Primary raw materials will also be needed in the future to satisfy the growing need for metals for the green transformation. This strategy is how both parties are strengthening the European and global economy, making it more independent and robust in the face of supply chain disruptions.  

“We are working with our raw material partners worldwide to set new standards in sustainable copper production,” Aurubis CEO Roland Harings said. “Our cooperation with Codelco is an indication of our successful approach: We help strengthen our partners’ sustainability performance along the supply chain by collaborating and exchanging information. The signatures of both parties signal their willingness to intensify this process and leverage potential for creating more ecological and socially responsible supply chains. This partnership is unique in the copper industry and an open invitation to all supply chain stakeholders to take part. The global copper industry is facing huge challenges, and we all have to work together to transform it.”