As of November 25, today’s news sees leadership changes in key industrial players, updates on energy investments, and relevant developments in the AI sector. Nexans announced today the appointment of Vincent Piquet as CFO, effective 19-Jan-26. He will join the Nexans Executive Committee and will be based in Paris. Turning to energy markets, noteworthy developments emerged from Egypt, where President Abdel Fattah el-Sisi engaged with Eni CEO Claudio Descalzi to discuss the company's significant 8 billion dpllars investment commitments in the country. Eni, as the operator of Egypt's Zohr offshore gas field, is focusing on expanding its upstream operations and aims to solidify Egypt's position as a key regional energy hub. This includes ongoing exploration efforts in the Mediterranean and enhancing infrastructure to maximize the longevity of older assets in the Sinai and offshore Nile Delta areas. In the United States, retail sales growth appears to be slowing down, with September's increase falling short of expectations. This reduction in consumer spending aligns with concerns over a sluggish labor market, which may continue to affect economic predictions for the upcoming quarter. Meanwhile, Stellantis chairman John Elkann has raised alarms about the potential "irreversible decline" facing the European auto industry unless the EU relaxes its stringent carbon emission regulations before a critical review set for December. Additionally, Lynas Rare Earths has signaled a production shortfall from its Kalgoorlie facility in Australia due to unexpected power supply issues, potentially impeding its efforts to increase output as global demand for rare earths rises. This production disruption comes at a crucial time for the company, which plays a significant role in the non-China rare earths market. On the technology front, Google is making headlines as it intensifies its efforts in the AI sector, unveiling its new multi-purpose AI model, Gemini 3, which has been positively received. The company is also reportedly engaged in discussions with Meta Platforms regarding the potential use of Google’s AI chips, indicating a strategic pivot that could position Google as a rival to Nvidia in data-center processors. From the international arena, peace talks concerning the ongoing conflict in Ukraine are underway between U.S. officials and Russian delegates in Abu Dhabi. This diplomatic engagement reflects an intensified effort to negotiate a resolution, although significant issues remain unresolved as Ukraine maintains a cautious stance.

As of November 24, today’s news highlights relevant developments in corporate mergers and acquisitions, particularly in the mining sector, as well as advances in artificial intelligence and geopolitical affairs. BHP today abandoned a last-ditch effort to buy rival Anglo American and bolster its dominance in copper, just two weeks before Anglo and Teck Resources' shareholders were set to vote on a 60 billion dollars merger. BHP said it would no longer pursue a potential combination with Anglo after preliminary discussions with the board. Meanwhile, Alphabet closed in on a 4 trillion dollars valuation today, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. In other market news, China has expressed a desire for closer ties with Germany amid tensions regarding rare earth exports that have impacted German production. The discussions between Chinese Premier Li Qiang and German Chancellor Friedrich Merz indicate a push to stabilize economic relations following earlier discord over export restrictions. Artificial intelligence continues to be a key topic, with a prominent Russian executive likening its burgeoning influence to that of nuclear technology, underscoring the competitive landscape among nations aiming to develop original AI models critical for national interests. In broader economic updates, stock markets reacted positively to Iberdrola’s tender offer to take Brazil's Neoenergia private, with shares climbing over 7.5%. Additionally, U.S. copper inventories have reached an all-time high as favorable price dynamics attract more metal into the country. Current trends reflect a significant premium for Comex copper, which has prompted a substantial increase in inventory over the past year. On the international front, U.S. and Ukrainian officials are reportedly refining a peace plan to address the ongoing conflict in Ukraine, a move welcomed by some allies amidst ongoing discussions. As geopolitical tensions continue, the implications of these developments remain critically important to monitor.

As of November 21, today’s news sees market fluctuations influenced by both tech stocks and concerns over metals supply. Prysmian experienced a decline, with shares dropping 4.6% as the broader European market reacted negatively to increased valuations in the tech sector and uncertain U.S. monetary policy. In the commodities sector, European manufacturers warned of potential copper shortages due to a surge in scrap exports, particularly to China. Companies highlighted that unless the European Union restricts the export of copper scrap, they may face critical shortages in refined copper necessary for production. This concern was echoed in a position paper by leading industry players, who fear a combined scrap and cathode shortage could hinder semiconductor fabrication. Recent increases in copper scrap exports, which rose 31% since 2022, particularly to the U.S., are alarming industry executives. Aluminium scrap has also emerged as a focal point in the global competition for critical minerals. EU officials are considering measures to retain more recyclable material within the bloc to combat escalating export rates, uniquely tying this issue to geopolitical tensions with the U.S. and China. As trade tensions rise, industry associations are advocating for smart export controls to manage supply. On the technology front, a trend of significant public bond issuance among major U.S. tech companies as they rush to finance AI investments is generating caution among investors. Giants like Alphabet and Meta have collectively raised nearly 90 billion dollars, raising concerns about how this could impact the corporate bond market in the long term. From the international front, President Zelenskiy of Ukraine urged unity in response to a controversial peace plan presented by the United States that demands significant concessions from Ukraine. This declaration underscored the growing pressure on Ukraine as it balances the challenges of maintaining sovereignty while managing relations with powerful allies.

As of November 20, today’s news features sharp market reactions in the cable manufacturing sector and renewed momentum in the AI industry. NKT falls as much as 3.9%, the most since September and trimming some of Wednesday’s 17% surge, after Kepler Cheuvreux cut its recommendation to reduce from hold. The analyst notes that the shares are currently trading at a “significant” premium to peers such as Prysmian and Nexans. Meanwhile, Nvidia CEO Jensen Huang said he does not see an AI bubble, but rather a tipping point. In his view, the kind of computing his company specializes in will come to suffuse everything from writing code to running legions of robots in the everyday world, stoking investor optimism and sending Nvidia shares up nearly 5% in premarket trading today. Turning to market updates, Siemens Energy announced a 6 billion dollars share buyback program, propelling its stock to a record high after previously raising its mid-term targets due to robust demand for gas turbines and energy grids. Furthermore, Schneider Electric Canada announced the inauguration of a new 20 million dollars state-of-the-art Albesol facility in Mississauga, Ontario. Launching on November 20, the new location marks a key milestone in their shared mission to strengthen Canada’s energy infrastructure and supply chain resilience. Meanwhile, China's rare earth magnet exports saw a 5.2% decline in October, while shipments to the United States surged to a nine-month high following China's decision to suspend measures for a year as part of a trade de-escalation promise made at a recent summit. In the context of broader macro trends, the ongoing COP30 climate summit in Belem, Brazil, is marked by stalled negotiations and increasing concerns about the pace of the energy transition. Despite high fossil fuel demand and significant geopolitical factors, nations are struggling to agree on a path away from fossil fuels. Many fear that the lack of consensus could undermine investor confidence in sustainable market strategies.

As of November 19, today’s news sees geopolitical developments around a potential U.S.-brokered Ukraine peace plan and the resulting market reactions across European industrial and defense stocks. According with two people familiar with the matter, Washington is urging Kyiv to accept a U.S.-drafted peace framework that would involve territorial concessions and a smaller army, while a Politico report on an imminent ceasefire plan triggered mixed reactions in European markets. Defense stocks fell sharply, whereas several industrial names benefited from the shift. In this context, Prysmian stood out among the top gainers, rising about 5%. Meanwhile, NKT shares jump as much as 12%, the most since April and to a fresh record high, after the Danish cable manufacturer reported its latest earnings and presented new 2030 targets. Analysts say the strong 3Q report confirms the company’s momentum and that the new targets inspire confidence. Investors were expecting much higher 2028 targets, in part because its competitor Prysmian had significantly upgraded guidance for its transmission business this year, JPM analysts said. Turning to broader market updates, Schneider Electric announced substantial deals worth nearly 2.3 billion dollars with U.S. data center operators, supporting the growing demand driven by artificial intelligence. Concurrently, Nokia revealed a new strategy focused on AI, projecting a significant boost in core profits over the next three years as it aims to reorganize its operations. On the geopolitical front, Poland has taken measures in response to a railway sabotage attributed to Russia, including the closure of its last Russian consulate and the deployment of additional troops to secure infrastructure. Concurrently, the Republican-controlled U.S. Congress voted almost unanimously today to force the release of Justice Department files on the late convicted sex offender Jeffrey Epstein, an outcome President Donald Trump had fought for months before ending his opposition.

As of November 18, today’s news is dominated by significant developments in the aluminium sector and influential moves within the technology landscape, particularly focusing on investment in artificial intelligence. The European Commission plans to restrict EU exports of scrap aluminium, to stop the metal flooding out of the bloc and leaving its industry short of an input required to decarbonise, EU trade chief Maros Sefcovic said today. EU exports of aluminium scrap hit a record 1.26 million metric tons in 2024, industry group European Aluminium says, up about 50% from five years ago, with most heading to Asia. Meanwhile, Microsoft and Nvidia plan to invest in Anthropic under a new tie-up that includes a 30 billion dollars commitment by the Claude maker to use Microsoft's cloud services, the latest high-profile deal binding together major players in the AI industry. Nvidia will commit as much as 10 billion dollars to Anthropic and Microsoft up to 5 billion dollars, the companies said today, without sharing more details including on the timeline. In related news, Nexans has initiated a share buyback program involving a maximum of 128,000 shares, expected to run from November 18, 2025, to February 28, 2026. Meanwhile, shares in ABB fell today after the Swiss engineering group kept its sales targets unchanged, with analysts saying investors may have hoped for more ambitious growth, even as the company raised its profitability goals. Furthermore, Rio Tinto will reduce output at its Yarwun alumina refinery by 40% starting in October 2026 to extend the plant’s life, responding to high costs and market conditions that have impacted alumina prices which are presently near two-year lows. Internationally, comments from former U.S. President Donald Trump during a high-profile visit with Saudi Crown Prince Mohammed bin Salman highlight ongoing discussions about strengthening ties between the two nations, although significant breakthroughs in diplomatic relations appear unlikely.

Prysmian’s internal podcast to share strategic insights and discussions with our leadership team. In this episode, Maria Cristina Bifulco, Chief Strategy Officer at Prysmian explores Prysmian’s Q3 performance results and provides guidance on how to engage with this important part of our journey and overall strategic approach.

As of November 17, today’s news sees developments in artificial intelligence investments and international relations. U.S.-based cloud services provider GMI Cloud said today it will build a 500 million dollars artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. Turning to the macroeconomic landscape, global supplies of yttrium, a rare earth element critical for aerospace and energy production, are dwindling due to Chinese export restrictions. This move, part of China's retaliation against U.S. tariffs, has resulted in concerns over potential shortages and escalated prices affecting various industries. The situation is compounded as optimism around a resolution following high-level talks between U.S. and Chinese leaders has yet to materialize. On the financial front, copper prices fell by 0.5% amid macroeconomic concerns, including a stronger dollar and uncertainties regarding U.S. Federal Reserve policies. Analysts suggest that market activities remain subdued as participants await vital economic data for directional clues. Elsewhere, TotalEnergies has entered into a substantial all-stock deal valued at 5.1 billion euros to acquire 50% of the flexible power generation portfolio from Czech energy company EPH. This acquisition is a strategic move to increase TotalEnergies’ net gas generation capacity, aligning with their ambition to strengthen their position in the electricity market and cater to the growing demand from sectors like data centers. In the automotive sector, Stellantis' Chairman John Elkann has called on the European Commission to allow for the averaging of car emissions targets over a five-year period leading up to 2030. Elkann's proposal seeks to provide car manufacturers with greater flexibility to meet regulatory requirements while addressing environmental concerns. Internationally, Ukrainian President Volodymyr Zelenskiy visited France to secure a deal for 100 Rafale fighter jets, enhancing Ukraine’s military capabilities amid ongoing threats from Russia. Back in Asia, tensions between Japan and China escalated following remarks from Japanese officials about a potential military response to a threat on Taiwan, prompting diplomatic efforts to clarify Japan's security stance.

As of November 14, today’s news sees upgraded financial ambitions from Siemens Energy and rising pricing pressure across the battery materials supply chain. Siemens Energy substantially raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit. The manufacturer sees returns before special items as high as 16% by fiscal 2028, up from a previous target of as much as 12%. The company, which long struggled to overcome issues with malfunctioning onshore wind turbines, also hiked its projections for revenue growth. Meanwhile, suppliers to China's electric-vehicle battery makers are pushing for higher prices for key cobalt-based materials, aided by a sharp rebound in cobalt and a tightening market for raw materials in batteries. On the market front, Rio Tinto has signed a groundbreaking 15-year renewable power agreement with U.S.-based TerraGen for its Kennecott operations in Utah. This partnership will see Rio Tinto source 78.5 megawatts of renewable energy from a newly operational wind farm in Texas, which is part of broader efforts to align with critical minerals and clean energy initiatives. In another notable scenario, the Stellantis-backed ACC joint venture appears poised to abandon its plans for a gigafactory in Termoli, Italy, citing various technical and financial hurdles. This development may have implications for the regional battery manufacturing landscape and reflects ongoing uncertainties in electric vehicle supply chains. On the global stage, the European Parliament has voted to dramatically wind back the bloc’s ESG rules following intense pressure from US business associations and state attorneys general. The development means that more than 90% of companies originally in scope of environmental, social and governance reporting requirements will no longer need to comply. Other planks of the rulebook that emerged as a sticking point for the US have been dropped entirely.

As of November 13, today’s news is dominated by advancements in Prysmian’s innovation strategy and significant developments in the global energy and technology sectors. Innovation is at the heart of Prysmian's “Accelerating Growth” strategy. As Prysmian seeks to achieve over 55% of revenues from solutions by 2028, significant ongoing investment and resources are being allocated to unlock solutions for the energy transition and digital transformation or digitalization, to be rolled out on a global scale thanks to Prysmian’s leadership position, the company said in a statement. Between 2021 and 2024, Prysmian invested 216 million euros in R&D and Innovation in Italy and plans to allocate an additional 270 million euros by 2028, underscoring its long-term commitment to technological excellence and sustainable growth - led from Italian expertise, the company add. Thanks to the ongoing strong cooperation between Italian authorities, such as the Ministry of Enterprises and Made in Italy and the Lombardy Region, over 5.5 million euros have been provided in funding for key initiatives under Prysmian’s R&D roadmap. Meanwhile, Italy’s 2024 corporate rankings, published by Mediobanca’s Research Department, confirm the dominance of state-controlled energy groups, led by Eni, Enel and GSE. Among manufacturers, Stellantis Europe ranks fourth, followed by Leonardo and Prysmian. Turning to other developments, Pirelli expects its governance issues with top shareholder Sinochem Holdings Corp. to be worked out, lifting a threat that’s clouded the tire maker’s US prospects, Executive Vice Chairman Marco Tronchetti Provera said. In broader market updates, Chinese copper exports are set to rise significantly, with October shipments projected to exceed 100,000 metric tons for only the third time, thanks to increased domestic production and rising foreign prices. This surge in exports is crucial as China continues to be the largest consumer of copper globally. Meanwhile, Australia is enhancing its military infrastructure with connections to new undersea internet cables, which will support the HMAS Stirling naval base and its strategic significance in the region. In the energy sector, GE Vernova and Siemens Energy are reportedly in discussions to supply gas turbines for a substantial reconstruction project in Syria's power sector, following a significant agreement reached by Syria with a subsidiary of Qatar's Power International Holding. On the international front, U.S. government operations are resuming after a prolonged shutdown that disrupted various public services and affected millions of workers, yet political divisions remain deeply entrenched.

As of November 12, today’s news features relevant corporate developments and broader economic implications driven by data center expansions and energy market dynamics. AI data centre-fuelled power demand growth in the U.S. is likely to drive a "boom cycle" for energy storage in the next five years as more storage is needed to smooth out fluctuations from wind and solar generation, according to UBS Securities. Global energy storage demand could increase 40% globally year-on-year in 2026, Hong Kong-based UBS Securities analyst Yan Yishu told a media briefing today. Meanwhile, RWE, Germany's largest power producer, reported higher-than-expected profit for the first nine months of the year, boosted by a 225 million euro book gain on the sale of a data centre project to a large unnamed cloud service provider. In the shipbuilding sector, Italian company Fincantieri reported a notable 40% rise in its core profit for nine months, bolstered by revenue growth across all business segments. Particularly strong performance in their defense unit, with a year-on-year increase of 39%, highlighted the company's strategic shift towards a more profitable defense focus. As a result, Fincantieri’s order intake surged to 16 billion euros, securing a healthy backlog for upcoming years. TotalEnergies has signed a 15-year power purchase agreement with Google to provide 1.5 terawatt hours of renewable electricity from a solar farm in Ohio, signaling the oil giant's adaptability to major tech demand for sustainable energy solutions. On the market front, copper prices saw a slight increase due to optimism surrounding the impending end of the U.S. government shutdown. Meanwhile, AI startup Anthropic announced a staggering 50 billion dollars investment in U.S. data centers in collaboration with Fluidstack, aiming to expand its artificial intelligence infrastructure amid growing industry competition. In other global news, China’s President Xi Jinping engaged with Spain’s King Felipe VI, promoting enhanced cooperation aimed at securing greater economic ties and investment opportunities, particularly in the EU context, as geopolitical tensions influence trade dynamics.

As of November 11, today’s news sees developments in the European telecom sector and significant investments in data center infrastructure. European telecom equipment stocks may be in focus as the European Commission explores ways to force European Union member states to phase out Huawei Technologies and ZTE from their networks, according to people familiar with the matter. Wider networking companies and those exposed to data center hardware infrastructure, such as Prysmian, Legrand and OVH, would also potentially benefit from a ban, Bloomberg says. Meanwhile, CoreWeave's shares tumbled 10% today after it scaled back its annual revenue forecast due to data center hiccups despite strong demand for its artificial intelligence services. The Nvidia-backed company's margins are pressured by soaring infrastructure expenses, rising AI chip prices and intensifying competition for computing power, weighing on profitability. Turning to market updates, copper has recently been designated a critical mineral by the U.S. government, highlighting its importance for national security and economic stability. The U.S. currently holds the world’s second-largest copper stockpile, primarily due to favorable market conditions that facilitated significant imports without federal expenditure. This designation is expected to influence future import tariffs, further affecting the copper market. Simultaneously, copper prices have begun to rise slightly, buoyed by optimism regarding Chinese demand as that country implements new policies targeting growth and infrastructure investment. In global scenarios, Google is reportedly planning a substantial investment of around 5 billion euros in Germany to enhance its infrastructure, specifically focusing on data centers in the Frankfurt area. This investment, which aligns with the company's strategy to address future challenges through technological innovation, emphasizes the growing demand for cloud services in Europe. Highlighting further investments in the technology sector, Microsoft plans to allocate10 billion dlloars toward an AI data hub in Portugal. This initiative will involve deploying cutting-edge hardware in collaboration with various partners, reinforcing the continuing trend of significant capital flowing into AI infrastructure in Europe. From the international front, U.S. lawmakers have returned to Congress to address a looming government shutdown, navigating logistical challenges caused by ongoing disruptions in air travel. This situation underscores the political dynamics affecting governance and economic stability in the United States.

As of November 10, today’s news sees Prysmian's groundbreaking innovation in optical fibre technology, alongside developments in various industrial sectors and market updates, particularly concerning copper and aluminium prices. Prysmian has introduced the BendBrightXS 160µm single-mode optical fibre, marking a significant advancement in digital connectivity. This fibre is the first of its kind globally and enables the creation of much smaller and denser cables, allowing network operators to accommodate more fibres in limited spaces such as underground ducts and data centres. These compact, high-density cables facilitate quicker and more cost-effective installations, responding to the demands of modern digital networks. The BendBrightXS 160µm fibre continues Prysmian's legacy of innovation following the release of the 200µm and 180µm bend-insensitive fibres in previous years. The 160µm fibre reduces the cross-sectional area by over half compared to traditional fibres and complies with global standards G.652 and G.657.A2, further ensuring its versatility and reliability. Ian Griffiths, VP of R&D for Prysmian's Digital Solutions, emphasized the milestone achieved through their proprietary technology, which enables unprecedented fibre miniaturisation and density. Turning to market updates, copper prices experienced a rise, buoyed by optimism regarding the potential end of the U.S. government shutdown and softened deflationary trends in China, a major metal consumer. As reported, benchmark three-month copper climbed by 1% to 10,822 dollars a ton, contributing to a 23% increase in prices this year. This positive trend reflects a broader market sentiment influenced by advances in legislative measures aimed at reopening the federal government. In related industrial developments, a consortium of major Swedish companies has committed to investing 400 million Swedish crowns (approximately 42.5 million euros) in small modular nuclear reactors through a partnership with Vattenfall. This investment underscores a growing emphasis on renewable energy sources and the demand for decarbonized electricity production in Sweden. Vattenfall plans to utilize existing infrastructure at the Ringhals plant to support this initiative, aiming for a total output of roughly 1,500 MW. On the global stage, aluminium premiums in the U.S. have reached record highs, attributed to stringent import tariffs and global supply constraints. Following a doubling of tariffs by President Trump earlier this year, buyers are facing increased costs, which have now hit 88.10 cents per pound. Lastly, Shell's strategic decision to exit two offshore wind projects in the UK aligns with its current shift away from renewable investments, reflecting changing dynamics in the energy sector as organizations reassess their portfolios in light of market and regulatory pressures. This move raises questions about the future of these projects amidst a landscape increasingly focused on traditional energy sources.

As of November 7, today's news highlights developments in trade relations, particularly concerning rare earth exports from China and updates on semiconductor supply chains. China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. Meanwhile, semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said today, with Germany welcoming signs of de-escalation in a fight for control of the company that has rattled the car industry. Turning to market dynamics, copper prices saw a slight rise amidst signs of relaxing trade tensions between Washington and Beijing, despite a notable decline in China's copper imports in October. Market analysts noted that while demand for copper remains strong, it is growing at a slower rate than anticipated, attributing part of this dynamic to the elevated prices of the metal. In terms of specific figures, benchmarks indicated a rise of 0.6% to approximately 10,739 dollars per metric ton. On a broader scale, India's rapid renewable energy initiatives have led to rising electricity supply costs due to a mismatch between demand growth and infrastructure expansion. A senior official from the Central Electricity Authority indicated that while India is enhancing its renewable capacity, the current transmission system is not aligned effectively with actual demand, leading to increased charges for power utilities. In international news, speculation regarding possible rifts within the Russian government was dismissed by the Kremlin. Reports suggested that the absence of Foreign Minister Sergei Lavrov from key meetings raised questions about his standing with President Vladimir Putin, particularly after recent diplomatic activities slowed down.

As of November 6, today’s news sees developments in energy, market shifts in aluminium, and important political announcements in the U.S. The Trump administration on Thursday unveiled a new list of critical minerals it deems essential to the U.S. economy and national security, adding copper, which is vital to electric vehicles, power grids, and data centers, as well as metallurgical coal, which is used to make coke. Meanwhile, Britain's National Grid reported first-half adjusted profit slightly ahead of market expectations today, helped by higher UK electricity transmission revenue and increased investment across its regulated businesses. Turning to market updates, aluminium prices experienced a rise as improved demand prospects and limited output growth from China have shifted market sentiment. The London Metal Exchange three-month aluminium contract has recently traded above 2,900 euros per metric ton, a level not seen since May last year. This rally is attributed to a change in the narrative surrounding aluminium, especially as China's production nears governmental capacity limits, raising concerns about potential supply deficits. Furthermore, Google plans to build a large artificial intelligence data centre on Australia's remote Indian Ocean outpost of Christmas Island after signing a cloud deal with the Department of Defence earlier this year, according to documents reviewed by Reuters and interviews with officials. In a significant geopolitical context, Japan and the United States are exploring joint rare earth mining in the waters around Minamitori Island, aiming to bolster their supply chains against China's dominance in this critical sector. This move is part of a broader strategy to secure essential minerals for various industries ranging from automotive to defense technologies. Lastly, in a notable political development, Nancy Pelosi announced she will not seek re-election in 2026, closing a significant chapter in her lengthy political career. Pelosi, who made history as the first woman Speaker of the U.S. House of Representatives, made the announcement shortly after a successful state redistricting effort aimed at benefiting Democratic candidates in upcoming elections.

As of today, news is dominated by significant developments in the renewable energy sector, particularly concerning Orsted, alongside trends in global commodities and technology investments. Orsted, the world’s largest offshore wind farm group, reported a dramatic quarterly net loss of 1.7 billion Danish crowns (approximately 265.5 million euros) due to adverse impacts from former U.S. President Donald Trump's trade policies, which contributed to soaring costs and supply chain disruptions. The company cited increased tariffs and a stop-work order on its Revolution Wind project as key factors leading to impairment losses of 1.8 billion crowns. This financial upheaval has seen Orsted's shares plummet by 85% since their 2021 peak, reflecting broader challenges in the renewable energy landscape. Turning to market dynamics, the copper market in Shanghai continues to experience downward pressure, falling for the fourth consecutive day, recently closing at a one-week low of 85,670 yuan (12,027.24 euros) per metric ton. This decline has been attributed to sluggish Chinese demand and a firm dollar contrasting with a downward revision of output targets by Codelco that still suggested yearly growth. On the regulatory front, India is moving towards stricter green power rules that could stifle investments in renewable energy. The Central Electricity Regulatory Commission's draft proposal requires wind and solar producers to adhere more closely to their energy supply commitments. This shift is expected to tighten profit margins and slow down investments in the sector, with a gradual reduction of tolerance for deviations from promised energy supply targets beginning in 2026. In significant technology news, Nvidia has joined the India Deep Tech Alliance, aimed at enhancing support for deep-tech startups in India. With over $850 million in new capital commitments, this initiative emphasizes industries such as space and artificial intelligence. Nvidia's role will include providing technical guidance and policy input, effectively facilitating the adoption of advanced computing tools in the region. On a related note, China has implemented new guidance mandating the use of domestically-made AI chips in state-funded data centers. This decision, which reflects China's ongoing effort toward technology self-sufficiency, compels projects under 30% completion to remove foreign-installed chips and may influence future developments in the global tech landscape. In other news, Trafigura has reportedly increased aluminium stocks in Malaysian LME warehouses substantially, an action driven by a financial strategy. Meanwhile, Woodside Energy forecasts a 50% increase in oil and gas sales by 2032 as it aims to capitalize on rising energy demand in Asian markets. From the international stage, the Supreme Court of the United States engaged in critical discussions regarding the legality of tariffs imposed during Trump’s administration, a case that could have far-reaching implications for global economic relations and trade policies.

As of November 4, today’s news features a renewed focus on Prysmian following fresh analyst upgrades, alongside growing investor caution over stretched global equity valuations. Intesa Sanpaolo raised its price target on Prysmian to 99.5 euros from 99 euros, reiterating a Buy rating. Analysts described the cable maker’s quarterly results as “solid” and said they have updated their estimates accordingly. They added that Prysmian’s equity story remains intact and that any weakness in the share price should be seen as “a good opportunity to accumulate positions.” In broader market news, Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development. Corporate earnings are strong but “what’s challenging are valuations,” said Mike Gitlin, who helps oversee about 3 trillion dollars as president and chief executive officer of investment manager Capital Group, during a financial summit organized by the Hong Kong Monetary Authority today. On the commodity front, copper prices have continued their decline, reaching their lowest level in nearly two weeks amidst a strengthening dollar and waning demand. Benchmark three-month copper on the London Metal Exchange fell by 2.4%, underscoring the pressure on prices due to fundamental market conditions. In developments concerning artificial intelligence, a selloff in tech stocks was provoked by disappointing results from Palantir Technologies, along with warnings from Wall Street executives about rich valuations. The strong rally in tech stocks tied to AI advancements has raised concerns, particularly as inflationary pressures persist. Elsewhere, Nvidia Corporation and Deutsche Telekom AG are collaborating on a significant data center project in Germany to enhance the country’s AI capabilities, signaling a strategic move to strengthen Europe’s position in the global AI landscape. This facility, with a budget of 1 billion euros, aims to increase AI computing power by 50% and is expected to commence operations in early 2026. On the energy front, the Italian industry continues to grapple with high electricity costs, outpacing those of neighboring European countries. Confindustria representatives have called for urgent government action to enhance renewable energy production, highlighting the persistent tension between energy prices and industrial output.

As of November 3, today’s news sees moves in the energy and infrastructure sectors, led by Goldman’s upgrade on Prysmian and Eaton’s latest multibillion-dollar acquisition in the data center space. Goldman Sachs raised its price target on Prysmian to 102 euros from 99, reaffirming a Buy rating. The bank also added Prysmian to its European Conviction List. Meanwhile, Eaton will acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for 9.5 billion dollars, the fourth deal this year for the power management firm seeking to bolster its data center segment to cater to AI demand surge. The global appetite for energy-intensive data centers has sparked a wave of dealmaking across the industry, Reuters said, as companies race to build capacity to meet the surge in power and cooling needs. Furthermore, the financial markets are reacting to broader manufacturing struggles, particularly in response to weak demand and the impacts of U.S. tariffs on factory orders across major economies. Euro zone manufacturing activity has stagnated, with German output showing little signs of recovery and France’s sector remaining weak. Conversely, Spain's factories are expanding at a faster pace, demonstrating some regional variability within the euro zone. Analysts, including Paolo Grignani from Oxford Economics, note that ongoing concerns over foreign orders indicate persistent issues, particularly related to weak demand from the U.S. and France. Meanwhile, OpenAI has signed a seven-year, 38 billion dollars deal to buy cloud services from Amazon, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom. The agreement, announced today, will give OpenAI access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models. Furthermore, discussions around the future of oil supply are centering on predictions of demand growth rather than an anticipated glut. Energy executives, including Eni's CEO Claudio Descalzi, expressed skepticism about excess supply in 2026, asserting that current investment levels in production are insufficient to meet rising demand, especially as new demand drivers emerge in countries like India. Meanwhile, Glencore's potential closure of its Horne smelter in Canada due to environmental and cost pressures could amplify existing concerns about global copper shortages, an issue that continues to exert upward pressure on copper prices despite current softness tied to demand worries from China. From the international front, President Trump has raised the possibility of deploying U.S. military forces in Nigeria over humanitarian concerns, which adds another layer of complexity to geopolitical dynamics in the region.

As of October 31, today’s news is dominated by a series of positive analyst revisions on Prysmian, reflecting growing confidence in the group’s U.S. momentum and exposure to the data center boom. HSBC raised its price target on Prysmian to 105 euros from 100 euros, reaffirming a Buy rating. The bank said the cable maker is set to benefit from U.S. tariff measures through market share gains, while also citing strong demand from the data center sector as a key growth driver. Mediobanca Research lifted its target price to 96 euros from 82 euros, keeping an Outperform rating on the stock. Deutsche Bank reiterated its Buy rating with a price target of 97 euros, while Intermonte maintained a Neutral stance with a target price of 85 euros. Turning to market trends, the broader financial landscape reflects some pressure on raw materials. Copper prices are taking a hit, influenced by disappointing industrial data from China and a stronger dollar, which has seen prices retreat after recently achieving record highs. Moreover, the continued electrification of vehicles in China has led to a notable decline in gasoline consumption during what is typically a peak travel season. From the international front, developments in nuclear energy are capturing attention as the Trump administration announced a substantial agreement aimed at facilitating the deployment of new reactors in the U.S. Critics, however, are raising concerns about the environmental impact and safety of this ambitious plan. Finally, Russia has in recent months attacked Ukraine with a cruise missile whose secret development prompted Donald Trump to abandon a nuclear arms control pact with Moscow in his first term as U.S. president, Ukraine's foreign minister said.

As of October 30, today’s news is dominated by Prysmian’s record-breaking third-quarter results, which highlight the group’s strong performance and sustained growth momentum in 2025. Prysmian posted the strongest quarter in its history, with organic growth up 9.2%, margins at 14.8%, and adjusted EBITDA rising 19.3% year-on-year to 644 million euros, confirming the group’s positive momentum. Prysmian CEO Massimo Battaini said in a statement that Prysmian continued to achieve excellent profitability and revenue growth. He noted that the performance in the quarter, the best in Prysmian’s history, underlined that the company’s “Accelerating Growth” strategy placed it in the best position to capture all the opportunities in the market while enabling the development and security of both energy and digital infrastructures. Battaini added that this was seen in the performance of Transmission and Power Grid, and in the enhanced revenues and profitability in Digital Solutions, also thanks to the contribution from Channell. He said that the continued strength of the I&C business, with solid margins and growing revenues, also reflected the benefits that the business had from its exposure to important drivers such as data centers. He concluded that thanks to these results, in particular the excellent performance of Transmission and the North America region, the company had decided to upgrade its guidance for the second time that year as it continued to increase value for all stakeholders. Furthermore, Prysmian continues to explore merger and acquisition opportunities particularly in the United States, Latin America and Europe, Battaini told analysts during a call, but said larger deals would be likely only from 2027 onwards. He also said a potential U.S. dual listing remains a project Prysmian considers valuable, but did not provide further details, instead saying Prysmian would give an update when the time was right. Meanwhile, Schneider Electric's organic revenue growth beat quarterly estimates, propelled by surging demand for data centres that power artificial intelligence, as the French industrial group cements its role as a key supplier for the sector. Third-quarter revenue grew 9% organically to 9.72 billion euros, exceeding the average growth forecast of 8.4% from analysts polled by the company. Schneider Electric has cushioned the blow of U.S. President Donald Trump's import tariffs by bolstering its supply chain and making plans to invest more than 700 million dollars in U.S. expansion through 2027, though it raised prices in the process. Furthermore, copper production in Chile fell by 4.5% year-on-year in September while manufacturing output saw a 5% increase, highlighting mixed economic signals from the region. Yet, following anticipatory pricing strategies, copper prices retreated due to caution from the Federal Reserve regarding interest rate cuts and concerns over Chinese demand. In global economic developments, U.S. President Donald Trump announced a preliminary agreement with China’s President Xi Jinping to reduce tariffs amid discussions of trade issues. The agreement is seen as a tactical truce rather than a comprehensive resolution to ongoing trade tensions. China’s rare earth export restrictions will be delayed, but previous limitations remain.