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Copper firm Aurubis to shun Africa in hunt for acquisitions

Aurubis, Europe’s biggest copper smelter, is looking for potential acquisitions in emerging markets, but prefers those with less political risk, its chief financial officer said on Monday.

“So that means Africa may not be at the top of our list, we are also a little shy of Chinese opportunities,” Aurubis CFO Erwin Faust told Reuters on the sidelines of a copper industry conference in Santiago.