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Analysis · November 2026

Copper in the German economyvalue, circularity and security of supply

Germany has no copper mine, yet it is Europe's largest user of refined copper. Secondary copper – refined and directly melted – supplies 39% of first-use copper, and the value chain with its suppliers generates EUR 6.3 bn of value added and 65,600 jobs.

Base year
2024; trade to 2025
Data as of
31.10.2026 (statistics), 8.11.2026 (law)
Model
CU‑DE v1.0, Monte Carlo 10,000 draws, dynamic model 1960–2035
Report
47 pages, EN

At a glance

6,328EUR m

gross value added – copper chain with domestic suppliers

65,587jobs

in the copper chain and at its German suppliers

459kt

of secondary copper – 244 kt refined and about 215 kt from directly melted scrap

39%

of first-use copper in Germany comes from secondary materials

13.7Mt

of copper in use – in buildings, infrastructure and products (164 kg per person)

1,281kt CO₂e

of potentially avoided emissions per year from secondary copper – mainly in mining countries

Central values for 2024. The line under each figure shows the 90% uncertainty band (P5–P95) against a scale from zero. Gross contribution, not net effects; taxes are an attribution, not a fiscal balance.

00

Seven findings

  1. EUR 6.3 bn of value added

    In 2024 the extended copper value chain generated about EUR 4,070 m of gross value added and employed about 41,400 people; with the domestic supply chain, EUR 6,330 m and about 65,600 jobs. Semi-finished products and castings account for 44% of direct value added.

  2. Recycling: EUR 860 m directly

    Scrap collection and trading and secondary copper refining generated EUR 860 m of value added and about 5,800 jobs, or EUR 1,550 m with the supply chain. A further EUR 340 m or so is attributable pro rata to semi-finished producers melting scrap directly.

  3. EUR 2.4 bn for public finances

    About EUR 2,410 m of taxes and contributions excluding VAT are associated with the chain, mainly on labour. Copper producers received EUR 55.2 m of electricity price compensation for 2024, of which Aurubis AG EUR 30.1 m.

  4. 13.7 Mt of copper in use

    The dynamic model puts the copper stock in buildings, infrastructure and products at about 164 kg per person. End-of-life products released about 500 kt of copper in 2024, of which about 260 kt was recovered.

  5. 1.28 Mt CO₂e potentially avoided

    Assuming 1:1 substitution of world-average primary copper, German secondary copper potentially avoided about 1,280 kt CO₂e, 43 Mt of tailings and 26 million m³ of water use – mainly in mining countries.

  6. Dependence on imported concentrate and anodes

    Refined copper output equals 62% of consumption. Concentrate imports are concentrated (HHI 1,877; Chile 31%), while scrap circulates mainly within Europe in both directions. Germany is a net exporter of semi-finished products, including wire.

  7. High circularity needs more scrap

    In the high-circularity scenario (2035) secondary refining reaches its assumed capacity of 300 kt; the additional secondary feed exceeds the growth in domestic scrap projected by the dynamic model by about 68 kt of copper.

01

From scrap and concentrate to cables – five links

The CU‑DE model covers scrap collection and trading, secondary and primary copper refining at the Aurubis plants in Hamburg and Lünen, semi-finished products, wire rod and castings, and the copper in wires and cables.

D1

Scrap collection and trading

Purchase, sorting and trading of copper scrap

EUR m GVA
608
jobs
4,530
D2

Secondary refined copper

Aurubis plants – secondary share (Lünen, Hamburg)

EUR m GVA
251
jobs
1,310
D3

Primary refined copper

Hamburg smelter and refinery – concentrate and anodes

EUR m GVA
364
jobs
1,910
D4

Semi-finished products, wire rod and castings

Wieland, KME, Diehl, Aurubis Stolberg and others

EUR m GVA
1,790
jobs
19,290
D5

Wires and cables

Copper share of cable production

EUR m GVA
1,058
jobs
14,320

Semi-finished products and cables

industry · energy · automotive · exports

+EUR 5.9 bn

trade surplus in copper semi-finished products, 2024

Economy

Value added, jobs, taxes and support

Environment

Avoided emissions, tailings and water

Strategy

Coverage of consumption, trade, copper in use

Direct gross value added and employment by segment, 2024. Aurubis plants split by secondary output share (40.8%); value added excludes electricity price compensation.
02

EUR 6.3 bn of value added and 65,600 jobs

Domestic suppliers add EUR 2,257 m of value added and about 24,200 jobs, and employee spending EUR 1,876 m and about 21,500 jobs. The recycling chain has a higher multiplier (1.80) because it buys more domestic services and transport.

  • Direct
  • Supply chain
  • Employee spending

Gross value added, EUR m

4,071+2,257+1,876

Jobs

41,364+24,223+21,463
SourceDirect, indirect (type I) and induced (type II) effects, extended chain D1–D5, 2024. Leontief input–output model on the Eurostat FIGARO 2024 table for Germany.

Gross contribution at fixed inter-industry coefficients, not net jobs. Value added per person is highest at the smelters (EUR 191 k) and EUR 93 k in semi-finished products and castings.

03

Taxes EUR 2.4 bn, compensation EUR 55 m

About EUR 2,410 m of taxes and contributions excluding VAT are associated with the chain – 77% of them on labour. Copper producers received EUR 55.2 m of electricity price compensation for 2024.

Taxes and contributions by source, EUR m, 2024

Chain segments1,288model estimate
Domestic suppliers620model estimate
Household spending502model estimate

Electricity price compensation, EUR m, 2024

Aurubis AG (Hamburg, Lünen)30.1observed
Other copper companies25.1observed

SourceTaxes excluding VAT; only Aurubis AG income taxes (EUR 9.0 m) are observed, the rest are model estimates – an attribution, not a fiscal balance. Compensation according to DEHSt beneficiary lists.

769 GWhof electricity used by the two Aurubis plants in 2024 – 610 GWh in Hamburg and 159 GWh in Lünen
EUR 50/MWhtarget price of the industrial electricity price scheme for 2026–2028, for half of eligible consumption
+EUR 38.5 ma year would an electricity price rise of EUR 50/MWh cost the two plants – 12.8% of their EBITDA
04

459 kt of secondary copper – by two routes

The smelters refine scrap and other secondary materials into cathodes, while semi-finished producers and foundries melt clean scrap directly. Direct melt is not reported – CU‑DE estimates it as the difference between copper in semi-finished products and refined copper use.

kt Cu, 2024

S₁Secondary refined copper (BGR)244
S₂Copper from directly melted scrap+215
SSecondary copper, total459

Domestic supply of secondary copper – two methods, kt Cu

  • Old scrap (dynamic model) · 260
  • New scrap · 102
  • Residual estimate (feed minus net imports) · 392
Bottom-up362
Residual392

SourceDirect melt: copper in semi-finished products (1,129 kt) minus refined copper in semi-finished products (914 kt); range 150–290 kt. The bottom-up domestic supply differs from the residual by 30 kt.

313 ktof recycling materials – e-scrap, shredder fractions, sludges – processed at the Lünen plant
61 ktof net copper scrap imports in gross weight in 2024; scrap circulates within Europe in both directions
82%share of secondary raw materials at the Wieland group; KME – 38% of input from recycling
05

13.7 Mt of copper in buildings, grids and products

The dynamic model of copper in use (1960–2035) links the industry to the stock from which old scrap flows. The stock has levelled off because outflows from earlier cohorts now match inflows.

Copper stock in use in Germany, Mt Cu

04812161960198020002020203513.714.0Stock
SourceCU‑DE dynamic model (M2b): inflow anchored to JRC data, lifetimes by application, collection and recovery rates after Glöser et al. (2013). 2025–2035 – projection.

Stock in use by application, Mt Cu, 2024

Construction6.94
Electrical and electronic equipment3.82
Industrial machinery1.90
Transport0.76
Consumer and other products0.34
164 kgof copper in use per person – within the range of European estimates (140–200 kg)
501 ktof copper released by end-of-life products in 2024; 352 kt collected
52%end-of-life recycling rate – 260 kt of old scrap recovered
06

Secondary copper: lower footprint, avoided mining burdens

A tonne of world primary cathode carries about 3.64 t CO₂e, the screening footprint of the secondary route in Lünen 1.52 t. Direct melting of clean scrap skips the refining step and adds only about 0.40 t.

Carbon footprint of a tonne of copper, t CO₂e (cradle to gate)

Primary cathode – world average (ICA)3.64
Primary route – Hamburg (screening)2.10
Secondary route – Lünen (screening)1.52
Direct melt (incremental)0.40

Potentially avoided emissions, 2024

1.28 Mt CO₂e

Potentially avoided emissions by variant, kt CO₂e

Central variant – 1:1 substitution1,281
Substitution 0.8947
Substitution 0.5 (market response)447
End-of-life copper only705
Displaced primary copper from Hamburg574
Primary footprint 3.96 t CO₂e/t (ICA 2019)1,430
Secondary footprint 1.8 t CO₂e/t (literature)844
Direct melt 290 kt1,524
SourceICA (2023 data, via Aurubis 2026) for primary cathode; German routes – screening inventories from plant data, location-based electricity (353 g CO₂/kWh). The variants are structural.

What German secondary copper avoids

  1. About 43 Mt of tailings and 26 million m³ of (blue) water use a year – in mining regions, not in Germany.
  2. 585 kt CO₂e from secondary refined copper and 697 kt from direct melt, which skips the refining step.
  3. Counting only domestic scrap supply – 960 kt CO₂e; only end-of-life copper – 528 kt.

The avoided burdens arise mainly in mining and smelting countries – they are not a reduction in the German inventory. The result depends more on the reference variant (447–1,524 kt) than on plant inventories.

07

Importer of concentrate and cathodes, exporter of semis

Germany imports copper at early processing stages and exports it at later ones. Scrap is traded both ways – imported mainly from the Netherlands, France and Switzerland, exported to China, Poland and the Netherlands, among others.

Copper trade balance by processing stage, EUR m

-4,000-2,0000+2,000+4,000+6,000201520202025-3,030Refined copper-2,940Concentrate-965Copper scrap+5,859Semi-finishedproducts (incl.wire)
  • Semi-finished products (incl. wire)
  • Refined copper
  • Copper scrap
  • Concentrate
Semi-finished products: CN 7407–7412 (incl. wire 7408); refined copper: CN 7403; scrap: CN 7404; concentrate: CN 2603. Eurostat Comext.
<2≥25 kt

SourceGerman trade by country, 2025: imports and exports of copper waste and scrap (CN 7404). Eurostat Comext.

Largest partners, 2025 · 491 kt

  • NL101.5
  • FR44.7
  • CH44.2
  • AT38.9
  • DK37.5
  • PL26.8
  • IT25.3
  • CZ24.7
62%of refined copper consumption (965 kt) is covered by domestic output – 597 kt
1,877HHI concentration index of concentrate imports (2024) – Chile 31%
127 ktof anodes and blister copper imported in 2024, mainly from the Aurubis smelter in Pirdop
+EUR 5,871 mtrade balance in copper semi-finished products in 2024
08

Where the copper industry operates in Germany

The Aurubis smelters are in Hamburg and Lünen. Semi-finished products are made mainly in North Rhine-Westphalia, Baden-Württemberg and Bavaria, in Osnabrück and Hettstedt, and cables in Nuremberg, Cologne, Mannheim and Stuttgart, among others.

  • Smelters and refineries
  • Semi-finished products, wire rod and castings
  • Wires and cables
  • Recycling
  • Mining project
19 smelters, semi-finished, cable and recycling plants, and the Kupferschiefer Lausitz project. Select a point to see its description.

List of plants

  • AurubisHamburg · Smelters and refineriesprimary smelter and refinery; wire rod
  • AurubisLünen · Smelters and refineriessecondary smelter (KRS)
  • Aurubis StolbergStolberg · Semi-finished products, wire rod and castingsstrip and specialty wire
  • Schwermetall HalbzeugwerkStolberg · Semi-finished products, wire rod and castingspre-rolled strip
  • Deutsche Giessdraht (Aurubis)Emmerich · Semi-finished products, wire rod and castingswire rod
  • Wieland-WerkeUlm, Vöhringen · Semi-finished products, wire rod and castingsstrip; tubes; rods
  • WielandVelbert-Langenberg · Semi-finished products, wire rod and castingsrods and wire
  • WielandVillingen-Schwenningen · Semi-finished products, wire rod and castingsstrip
  • KME GermanyOsnabrück · Semi-finished products, wire rod and castingsstrip; tubes; moulds
  • KME Mansfeld (MKM)Hettstedt · Semi-finished products, wire rod and castingswire; strip; tubes
  • Diehl MetallRöthenbach · Semi-finished products, wire rod and castingsbrass rods and strip
  • Sundwiger Messingwerk (KME)Hemer · Semi-finished products, wire rod and castingsbrass strip
  • Gebr. KemperOlpe · Semi-finished products, wire rod and castingsstrip and castings
  • LEONINürnberg · Wires and cableswires and cables
  • NKTKöln · Wires and cablespower cables
  • Prysmian (Draka)Neustadt b. Coburg · Wires and cablescables
  • SüdkabelMannheim · Wires and cableshigh-voltage cables
  • LappStuttgart · Wires and cablescables
  • TSR RecyclingLünen · Recyclingferrous and non-ferrous scrap
  • Kupferschiefer LausitzSpremberg · Mining projectcopper project (spatial compatibility not established, 2023; new review pending)
09

Milestones 2024–2030

Copper production in Germany is shaped by electricity costs and their compensation, the EU ETS, EU raw-materials and trade policy, and the rules on waste shipments.

  1. Electricity tax at the EU minimum

    Manufacturing in 2024–2025 – EUR 0.50/MWh (§ 9b StromStG).

  2. EU Steel and Metals Action Plan

    Metal supply and scrap availability.

  3. Customs surveillance of scrap

    Monitoring of imports and exports of ferrous, aluminium and copper scrap.

  4. Compensation for 2024 costs

    EUR 2.78 bn, of which EUR 370 m for non-ferrous metals.

  5. RESourceEU

    Copper scrap measures to be considered if needed.

  6. Electricity tax relief made permanent

    EU ETS free allocation for 2026–2030.

  7. Industrial electricity price

    Scheme approved by the Commission: EUR 50/MWh for 2026–2028.

  8. Regulation (EU) 2024/1157 applies

    New waste shipment rules; exports outside the OECD from May 2027.

  9. CRMA strategic project

    Second Aurubis TBRC converter in Lünen.

  10. CRMA benchmarks and end of EU ETS phase 4

    Copper a strategic raw material; Commission CBAM scope report in 2027.

Legal status as of 8 November 2026. Copper is not covered by CBAM; Germany has no separate copper mining tax.
10

More circularity needs more scrap

Three what-if calculations in 2024 prices, with labour productivity rising 1% a year. Old scrap recovery follows from the dynamic model.

Base 2024Observed state
S1 Moderate growth 2030Secondary refining +10% (incl. the second TBRC in Lünen), cables +10%
S2 High circularity 2035Secondary refining at 300 kt capacity, cables +20%, lower footprints
S3 Stress scenario 2030Lower primary (−20%), secondary (−15%) and semi-finished output

Value added with supply chain · EUR m

6,328 
6,589+261
6,983+655
5,778−550

Jobs with supply chain · persons

65,587 
64,507−1,080
65,262−326
57,019−8,569

Secondary copper · kt

459 
494+35
536+78
401−58
SourceConditional projections, not forecasts. In S2 the additional secondary feed exceeds the growth in domestic scrap by about 68 kt of copper – to be covered by imports or higher collection.
11

Method in brief

CU‑DE applies to Germany the integrated IGMNiR model developed for copper, zinc and lead in Poland, and extends it with a dynamic model of copper in use, emission inventories for the Hamburg and Lünen plants and a replication package.

M1

Scope and allocation

Five segments D1–D5; Aurubis plants from reports, D4 as the residual of NACE 24.44 structural statistics.

M2

Copper mass balance

Secondary refined copper (BGR) and direct melt; domestic supply residually and bottom-up.

M2b

Copper in use

Inflow-driven stock model 1960–2035, five applications, normally distributed lifetimes.

M3

Economy and taxes

Leontief input–output model, type I and II, on the FIGARO 2024 table; compensation outside value added.

M4

Environment

Screening inventories of the Hamburg and Lünen routes against ICA primary cathode; tailings, water.

M5–M6

Strategy and uncertainty

Coverage ratios, HHI, stress tests; Monte Carlo 10,000 draws, variants and scenarios.

Limitations

  • Results are gross contributions at fixed coefficients, not net policy effects; taxes are an attribution, not a fiscal balance.
  • Direct scrap melt is not reported – estimate of 215 kt (range 150–290 kt).
  • Emission inventories are screening-level, not ISO 14044 life-cycle assessments; avoided burdens arise mainly outside Germany.
  • The dynamic model relies on inflow anchored to European data; the projection depends on lifetimes and the inflow level.

The report was prepared using artificial intelligence tools for data processing, modelling and editing.

12

Download and cite

The full report contains the regulatory context, methodology, dynamic model, all parameters with ranges and sources, control tests, the plant register and the bibliography.

IGMNiR (2026), Copper in the German economy: value, circularity and security of supply. An integrated assessment of the copper industry in Germany (CU-DE model), Economic Chamber of Non-Ferrous Metals and Recycling, November 2026.

Model run identifier: CUDE-1.0-d63adeda8b

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