Prysmian and Aurubis expand copper supply agreement for European markets

Prysmian, a leading Italian cable manufacturer, has strengthened its long-standing partnership with Aurubis through a new long-term agreement. This deal secures the European supply of copper wire rod, a critical raw material for Prysmian's wiring activities. The contract extends a commercial relationship that has spanned over 30 years and is the largest ever signed between the two companies. It ensures greater flexibility and proximity to key markets across Europe, leveraging Aurubis' production capacity in four European plants.

The agreement is significant not only for its scale but also for its focus on sustainability. Aurubis' copper wire rod production includes approximately 36% recycled material, resulting in a lower carbon footprint compared to the global industry average. This aspect is increasingly important as demand for copper grows due to the expansion of electrical grids and digital infrastructure. For Prysmian, this deal reinforces the continuity of its supply chain with a reliable and sustainable source of copper.

Alberto Boffelli, Prysmian’s operations director, emphasized the importance of the agreement within the copper value chain. He noted that Prysmian is the world’s largest buyer of copper wire rod, making this partnership crucial for ensuring stable and flexible supply. The deal also aligns with both companies' commitment to responsible practices, as they are part of The Copper Mark, an independent framework that assesses responsible copper production, sourcing, and recycling.

Martin Sjoberg, Aurubis’ senior vice president of sales, highlighted how the company’s European plants and its long-term relationship with Prysmian strengthen regional value chains. He believes this combination can contribute to generating value and supporting European industrial competitiveness. The agreement not only secures a vital material source for Prysmian but also underscores the importance of sustainable and responsible practices in the copper industry.