Prysmian Secures Long-Term Copper Supply Agreement with Aurubis
Prysmian announced a new long-term contract with Aurubis for copper wire rod. The agreement strengthens Prysmianโs cable supply chain and supports its growth in Europe.
Aurubis to Increase Copper Wire Rod Supply
Under the deal, Aurubis will supply a significant and growing yearly volume of copper wire rod to Prysmian. Aurubis is a global leader in nonferrous metals and the worldโs largest copper recycler. It also ranks as Europeโs largest vertically integrated copper wire rod manufacturer.
The contract secures copper wire rod for Prysmianโs European plants. It covers current production needs and supports future expansion plans. The partnership ensures a stable and high-quality material supply for Prysmianโs cable and systems portfolio.
Learn more about Prysmian on the officialย Prysmian Group website.
Shared Focus on Sustainability and Energy Transition
Prysmian Chief Purchasing Officer Laura Colli says both companies share a strong focus on sustainability. They also view themselves as enablers of the energy transition and digitalization.
Prysmian aims to act as a global player in decarbonization. The company targets net-zero emissions across its value chain by 2050. It plans to cut Scope 3 emissions by 28% by 2030 compared to 2019. Prysmian also set a goal to reach 15โ16% recycled copper content by 2025.
Aurubis Drives Low-Carbon Copper and Circular Economy
Aurubis follows a dedicated sustainability strategy. It aims to become carbon neutral well before 2050. The multimetal company produces copper with less than half the global average carbon emissions.
Aurubis plans to cut Scope 1 and Scope 2 emissions per ton of copper cathodes by 50% by 2030. It also plans to reduce Scope 3 emissions by 24% per ton in the same period. The company supports the circular economy through full value chain solutions. Its copper rod already carries almost 40% less CO2 than the global average.
You can explore these initiatives on theย Aurubis website.
Building on a 25-Year Strategic Partnership
Martin Sjoberg, SVP Commercial at Aurubis, explains that this contract builds on more than 25 years of partnership between the two companies. He notes that Prysmian and Aurubis deliver best-in-class performance in sustainability, product quality, delivery timing, and service.
The new agreement secures a key raw materialโcopper wire rodโthat supports Prysmianโs future business growth. It also supports global electrification and connectivity projects.
