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Cumerio Belgium, a subsidiary of Norddeutsche Affinerie AG (NA), announced on 20th Nov its intention to close a copper billets and cakes production line at the Olen site. The decision was made based on the fact that production volumes in the department have halved over the last seven years and the line is currently losing money due to the low capacity utilisation rate. The company said that high copper prices in the last years had caused significant substitution losses to demand for copper billets and cakes, especially those for sanitary piping and roofing applications.

Aurubis AG, a leading integrated supplier of refined copper and copper products, has said that its wirerod sales increased m-o-m in September 2011. Copper cake and billet sales are slightly below anticipated levels and the company said that customers have recently been more cautious and have sought some new financing sources. However, macroeconomic concerns have not affected order numbers.