Prysmian and Aurubis AG Secure Long-Term Copper Deal Amid Rising Demand

Aurubis AG (XETR:NDA) has secured a long-term copper supply deal with Prysmian, a move aimed at bolstering European copper availability amid rising demand from electrification, energy projects, and AI infrastructure. This partnership comes as the continent seeks to reduce its reliance on imports and ensure a stable supply of this critical material.

The exact terms of the agreement between Aurubis AG and Prysmian have not been disclosed, but it is clear that both parties are committed to supporting European copper production. Aurubis AG's ability to secure such a significant deal is a testament to its position as one of the leading copper producers in the region.

Separately, Goldman Sachs has filed a WpHG voting-rights notice stating that it crossed a reporting threshold in Aurubis AG (NDA) on 17 Sept. However, the exact ownership and stake details have not been disclosed by the investment giant.