Aurubis (NDA GR) Germany
Materials
The metal recycling market size is expected to reach $370bn by 2030 (from $220bn in 2020) - NDA looks well placed to benefit. €3.8bn M/Cap, sub 5x PER and near 2% yield, Sean Maher believes the closed loop potential isn’t remotely discounted and you’re being paid to wait for ESG funds to discover it. NDA recently upgraded its full year outlook having exceeded expectations last quarter. It has also started the test operation of a new pilot plant for lithium ion battery recycling in Hamburg.
Edition: 136
- 27 May, 2022