Prysmian Locks in Largest Ever Copper Supply Deal with Aurubis

Prysmian, a leading cable producer, has signed its largest-ever long-term copper wire rod supply agreement with Aurubis. This contract represents over 30 years of cooperation between the two companies and is designed to secure a stable copper supply for Prysmian's European operations.

The agreement will strengthen regional supply-chain resilience as the demand for copper continues to accelerate due to electrification, power-grid expansion, digitalization, and AI infrastructure growth. As a result, Prysmian has locked in long-term access to lower-carbon copper.

Aurubis' copper wire rod currently contains approximately 36% recycled material on average, and the partners aim to progressively increase circular content in future supplies. This is particularly notable for the recycled-copper market as a major European cable producer secures long-term wire rod supply with a substantial and rising recycled-copper component.