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Prysmian Daily News Update

Prysmian Daily News Update

Von: Prysmian S.p.A.
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 “Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.Prysmian S.p.A. Politik & Regierungen
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  • EU’s Mercosur deal advances amid tariff uncertainty - Jan 9, 2025

    EU’s Mercosur deal advances amid tariff uncertainty - Jan 9, 2025
    Jan 9 2026
    As of January 9, today’s news features the EU’s push on global trade agreements and renewed M&A activity in the mining industry. European Union countries backed a trade deal with the so-called Mercosur bloc of countries in South America, paving the way for the EU to sign its largest free-trade agreement next week. EU ambassadors supported the deal at a meeting in Brussels today, despite the opposition of France and a number of countries, according to people familiar with the matter, who spoke on the condition of anonymity. Meanwhile, Glencore shares rose by almost 10% today following news it is in talks with Rio Tinto about a potential takeover that would create the world's largest mining group, valued at almost 207 billion dollars. While Glencore gained, Rio Tinto shares fell by as much as 3%, reflecting investor scepticism towards a deal and concerns it will overpay. Turning to market updates, copper and nickel prices are anticipated to finish the week on a high note despite a recent selloff driven by profit-booking after favorable price rallies. The London Metal Exchange reported a rebound in copper prices, reflecting ongoing supply constraints, particularly in the U.S. The recent fluctuations in prices underscore the dual challenges of inflationary pressures and tariff-related uncertainties, influencing market dynamics significantly. Looking at broader macro trends, the U.S. Supreme Court is poised to announce rulings that may impact President Trump's global tariff regime, which has faced legal challenges questioning its legitimacy. This case could redefine presidential powers regarding economic controls, bearing implications for international trade and economic relations. In the energy sector, Barclays raised its price target for National Grid, referencing new growth opportunities in the UK energy landscape stemming from recent regulatory updates. Meanwhile, China is advocating for increased onsite renewable energy usage in industrial parks, indicating a strategic push for greener manufacturing processes. Amid these developments, U.S. President Donald Trump said he had canceled a second wave of attacks on Venezuela following cooperation from the South American nation.
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    3 Min.
  • Trump’s tariffs face the Court and the Markets React - Jan 8, 2025

    Trump’s tariffs face the Court and the Markets React - Jan 8, 2025
    Jan 8 2026
    As of January 8, today’s news is dominated by the potential implications of the U.S. Supreme Court's deliberations on President Trump's emergency tariff powers and the resulting market risks. The Supreme Court is poised to rule on whether Trump can legally impose tariffs through the International Emergency Economic Powers Act, with a decision expected soon, as reported by Reuters. Analysts warn that striking down these tariffs could have significant repercussions for financial markets, potentially leading to substantial government refunds amounting to tens of billions of dollars and heightened volatility across equity markets. Current predictions indicate a 30% likelihood that the court will uphold the tariffs, which if deemed unlawful, would disrupt government revenue and economic stability, leading to increased Treasury yields. In related tariff news, U.S. consumers are facing record high prices for aluminum due to a combination of domestic tariffs and global supply shortages. Since President Trump doubled the tariffs on aluminum imports to 50% last June, prices have surged by 40%, now exceeding 5,200 euros per metric ton. This escalation impacts manufacturing costs across various industries, intensifying inflationary pressures. Meanwhile, growth in the AI and defense sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, the consultancy S&P Global said today. On the corporate landscape, American Electric Power has committed to a 2.65 billion dollars deal to significantly advance its solid oxide fuel cell capabilities. This move includes the acquisition of 1,000 megawatts of fuel cell technology as part of a strategic shift towards more sustainable energy solutions. In the realm of technology, Samsung Electronics is forecasting a record profit for the fourth quarter of this year, projecting a three-fold increase to approximately 13.82 billion dollars, largely driven by the burgeoning demand for AI and memory chip products. This surge underscores the competitive pressure as chipmakers struggle to keep pace with market needs. On the international stage, President Trump’s recent move to assert control over Venezuela's oil revenue and facilitate the import of previously sanctioned Venezuelan crude into the U.S. demonstrates a strategic pivot aimed at countering Chinese influence in the Western Hemisphere. This approach signals stark shifts in both foreign policy and energy regulations, raising questions about the potential impact on U.S. oil companies caught in the crossfire.
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    3 Min.
  • Why AI infrastructure is powering Prysmian’s rise - Jan 7, 2025

    Why AI infrastructure is powering Prysmian’s rise - Jan 7, 2025
    Jan 7 2026
    As of January 7, today’s news sees an analysis by Citywire on Prysmian’s positioning within the AI-driven infrastructure boom and renewed pressure on the UK’s energy transition. Citywire analysed Prysmian as an indirect beneficiary of the AI boom, highlighting its growing role in power grids and data-centre infrastructure. Drawing on insights from top-performing institutional investors, Citywire highlighted Prysmian’s strategic acquisitions, strong revenue growth and increasing exposure to the US market. Meanwhile, Britain increased the share of electricity generated from fossil fuels last year for the first time in four years, a reversal that highlights the challenges facing the government’s plan to run a clean power system by 2030, Bloomberg reported. In market developments, Nexans faced a sell-off, dropping by as much as 5% due to ongoing rescheduling activities concerning the Great Sea Interconnector project, which spawned investor concern about the company's execution timeline. Analysts have indicated that while the delay may not impact 2028 financial guidance, it raises questions about achieving expected earnings growth in their Power Transmission unit. On an international scale, tensions escalated as Orsted's Sunrise Wind project in the US faced a lease suspension, prompting plans for legal action against the government's decision, which has stunted the project at a crucial development phase. Meanwhile, Japan's nuclear watchdog halted reviews of Chubu Electric's nuclear plant due to mishandled seismic data in a significant regulatory setback for the company. In a broader scenario, geopolitical tensions have surfaced, particularly with China reportedly urging technology firms to pause orders for Nvidia's H200 chips, reflecting ongoing conflicts surrounding semiconductor trade with the US and domestic strategies in AI development. Finally, amidst heightened diplomacy, Ukraine's President Zelenskiy is advocating for a new meeting with US President Trump to discuss crucial security guarantees in light of ongoing peace negotiations regarding the conflict with Russia.
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    2 Min.
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