“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.
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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.
Orsted’s Collapse, India’s Energy Shock, and Nvidia’s Bold Move - Nov 5, 2025
Prysmian Daily News Update
3 minutes
3 weeks ago
Orsted’s Collapse, India’s Energy Shock, and Nvidia’s Bold Move - Nov 5, 2025
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.
Prysmian Daily News Update
“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.