Business
Weekly Recap: Prysmian 40% aluminium and Cook Strait HVDC contract
Weekly Recap: Prysmian 40% aluminium and Cook Strait HVDC contract
About this update from Prysmian S.p.a.
Prysmian S.p.A. (MIL:PRY) is shifting its cable mix to about 40% aluminium and 60% copper, driving material demand as grid resilience and data‑center projects expand, and is set to add the Cook Strait HVDC Link upgrade to its order backlog after Transpower’s Notice to Proceed.Previous Week RecapAluminium Up, Copper 60%: Prysmian (PRY) now uses about 40% aluminium (up 3 pts over five years) and 60% copper by weight; expects volume growth in both metals from grid resilience and data center demand.Cook Strait HVDC Backlog Boost: Transpower issued Notice to Proceed for Cook Strait HVDC Link upgrade; Prysmian S.p.A. (PRY) is expected to record the contract in its order backlog. This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.