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.

As of October 29, today’s news highlights relevant developments in the copper market, US-China trade relations, and the future of energy generation in the United States. U.S. nuclear power generation is set to rise, analysts at Wood Mackenzie said, as surging demand driven by data centers strains grids across the country and a wave of tech companies sign deals to source power from the zero-carbon resource. A flurry of announcements in nuclear energy investments - most recently an 80 billion dollars U.S. government partnership with the owners of Westinghouse Electric - underscore the rising interest in the sector. Meanwhile, copper rose to a record high, with the US and China on the cusp of a sweeping deal to dial down trade tensions, while a series of supply setbacks at leading mines have tightened the global market. Three-month futures climbed to 11,146 dollars a ton on the London Metal Exchange, topping the peak set in 2024. Year-to-date, the metal that’s an industrial staple and proxy for global growth is up more than a quarter. Looking at broader market conditions, Glencore reported a 17% decline in copper production for the first nine months of the year, consequently tightening its 2025 production guidance, which now stands between 850,000 and 875,000 tons. This reduction highlights the ongoing supply issues affecting the copper market and contributes to the record-high prices being observed. Furthermore, General Motors announced a substantial reduction in electric vehicle and battery production, resulting in the layoff of 1,200 employees at its Detroit plant due to declining demand for battery cars. This reflects the broader trends in the automotive sector as manufacturers adjust to changing market dynamics. In technology, Nvidia is nearing a historic 5 trillion dollars valuation, showcasing the robust growth of the AI sector. A recent surge in orders for AI chips signified the company's central role in this transformative market, further underscoring the intersection of technology and broader economic trends. Finally, as U.S. President Donald Trump and China's leader Xi Jinping prepare to kick off talks on Thursday, U.S. negotiators have signaled they seek a return to a fragile trade war truce, but tensions remain high and longer-term economic irritants will likely persist between the geopolitical rivals.

As of October 28, today's news sees Iberdrola's positive financial outlook along with significant developments in international energy partnerships and market fluctuations. Spanish utility Iberdrola today raised its full-year adjusted net profit guidance to more than 6.6 billion euros and forecast double-digit growth. Europe's biggest utility by market value had previously forecast mid to high single-digit growth excluding gains from asset rotation and past cost recognition in the United States. Meanwhile, Equator Renewables Asia and CRE International (CREI), a unit of China's National Nuclear Corp, will jointly develop a solar and battery project in Indonesia's Riau Islands to export clean power to Singapore, Singapore-based Equator said today. On the market front, a landmark agreement was reached between Japan and the United States concerning new-generation nuclear reactors and the supply of rare earths, aiming to reduce reliance on China for critical materials essential for various technologies. This agreement, part of broader discussions between U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi, highlights a strategic pivot amidst ongoing trade tensions with Beijing. The energy sector is also seeing shifts, with Rio Tinto indicating potential challenges for Australia's largest aluminum smelter, Tomago, which confronts increasing power costs as its current energy deal expires in 2028. As high energy prices continue to impact operations, the future of the smelter remains uncertain, underlining the ongoing energy transition in Australia. Meanwhile, in the copper market, prices remained steady above 11,000 euros per metric ton, anticipating outcomes from the forthcoming U.S. Federal Reserve meeting and the imminent U.S.-China trade negotiations led by Presidents Trump and Xi Jinping. Investor sentiment remains cautiously optimistic, with expectations mounting for positive developments in trade relations. Across the Atlantic, NextEra Energy reported strong profits driven by its renewable power sector and is preparing to expand its nuclear capabilities to meet surging demand from the technology industry, particularly related to energy-intensive data centers. CEO John Ketchum emphasized the unprecedented power demand in the U.S., positioning the company to capitalize on this growth. From the international front, tensions escalate in Gaza following orders from Israeli Prime Minister Benjamin Netanyahu for immediate military action against Hamas, citing violations of a ceasefire. These developments add to the complexity of geopolitical dynamics as the region continues to grapple with ongoing conflicts.

As of October 27, today’s news features volatility in the energy sector, particularly surrounding rare earth materials and a major administrative filing by Petrofac following a key contract loss. Shares of U.S.-listed rare earth miners slumped before the bell today after Washington and Beijing reached a framework for a trade deal that could pause planned U.S. tariffs and Chinese export controls on critical minerals, easing fears of supply disruptions that had boosted the sector this year. Meanwhile, Oilfield services provider Petrofac said today it has applied to the High Court of England and Wales to appoint administrators after grid operator TenneT's termination of its involvement in a major offshore wind project in the Netherlands. Turning to the market landscape, there's been an uptick in the urgency for renewable energy initiatives. Singapore announced plans to allocate approximately 300 hectares on Jurong Island for renewable energy facilities and a data center park. This initiative is a key step in making Jurong a global test-bed for new energy solutions as part of Singapore's strategy to foster low-carbon technologies. In parallel global developments, high-ranking Chinese officials are set to visit Brussels to discuss China's recent export curbs on rare earths, a move that has amplified trade tensions particularly with the United States. European Council President Antonio Costa emphasized the EU's growing concerns over these moves, given China's dominance in the market for materials crucial for high-tech manufacturing. In a more specific scenario concerning solar energy, China's solar installations saw a notable decline in September, with only 9.66 gigawatts added compared to a year earlier. This dip is attributed to uncertainties stemming from a new pricing policy affecting renewables, although there are expectations for a potential increase in full-year installations. Additionally, positive sentiments rocketed copper prices to a 17-month high, fueled by optimism surrounding easing U.S.-China trade tensions and robust growth signals from China’s industrial sector. Meanwhile, it was announced that the U.S. Department of Energy has formed a substantial partnership with Advanced Micro Devices, focusing on constructing supercomputers to solve pressing scientific challenges. This collaboration aims to enhance the capacity for critical data processing and scientific experimentation. On the geopolitical front, the U.S. has formed a 1 billion dollars partnership with Advanced Micro Devices to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security, Energy Secretary Chris Wright and AMD CEO Lisa Su told Reuters.

As of October 24, today’s news sees the impact of France’s political crisis on the offshore wind industry and weaker earnings in the metals sector. Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders, Reuters said. The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October. Meanwhile, Norwegian aluminium producer Norsk Hydro reported an 18.6% fall in third-quarter core profit on Friday, hit by lower alumina prices and a stronger Norwegian crown, partly offset by higher production volumes. In aluminium pricing developments, the premium for Japanese shipments for the fourth quarter has been set at 86 dollars per metric ton, down 20% from the previous quarter, reflecting persistent weak demand. This continues a trend of declining premiums over the last three quarters, with negotiations among producers such as Rio Tinto, South32, and others indicating a challenging market. Furtheremore, the Canadian Pension Plan Investment Board holds a 0.6% short position in NKT. Turning to the energy sector, Eni has seen better-than-expected third-quarter results, reporting an adjusted net profit of 1.25 billion euros, exceeding consensus estimates. The company has committed to a 20% increase in its share buyback plan, reflecting confidence in its financial trajectory amid a volatile energy market. On the broader economic front, the Swiss National Bank has divested its entire stake in Rio Tinto, valued at around 227 million euros, which aligns with its ongoing exodus from extractive industries amidst environmental advocacies. Meanwhile, market movements reflect cautious optimism; copper prices have rallied close to 11,000 dollars per metric ton, buoyed by trade discussions between the U.S. and China, while the share prices of influential tech firms like Intel have surged due to aggressive cost-cutting measures aimed at regaining market confidence. In international dynamics, U.S. President Trump is expected to engage with China's Xi Jinping in South Korea, amid heightened trade tensions and ongoing geopolitical challenges.

As of October 23, today’s news highlights Europe’s growing caution toward Chinese participation in the offshore wind sector and renewed debate on the true winners of the AI investment boom. European governments seeking to expand offshore wind power are increasingly wary of Chinese companies’ involvement. Countering China’s dominance will be time-consuming and expensive, but political pressure and national security concerns may give the region little choice. Meanwhile, Dow Jones said that Wall Street has mispriced the AI boom. The big moneymakers for investors are infrastructure providers. The real bottleneck in the AI buildout is electricity, not computer chips, Dow Jones add. In the market, Nexans has posted a solid third-quarter update, reporting organic revenue growth of 7.7%, surpassing expectations. The company also announced its acquisition of Canadian manufacturer Electro Cables, set to close in 2026, aimed at bolstering its presence in the low-voltage cable sector. On the other side, copper prices surged as markets react to expectations of increased stimulus from China. The announcement from China's Fourth Plenary session suggests a commitment to building a modern industrial system, which is likely to drive demand for metals like copper. This optimism is indicative of a broader recovery narrative in the commodities market. Elsewhere, Redwood Materials, a battery recycling firm, has secured $350 million in funding, signaling strong interest in the critical materials space amid rising domestic demand. This move aligns with ongoing efforts to ensure the sustainable supply of essential materials necessary for energy transition. In the energy sector, French court rulings have penalized TotalEnergies for misleading greenwashing claims, showcasing the increasing regulatory scrutiny on environmental assertions by major corporations. This decision highlights the growing legal frameworks aimed at ensuring transparency in corporate sustainability claims. On the global stage, recent U.S. sanctions targeting Russian oil majors Rosneft and Lukoil reflect a significant escalation in geopolitical tensions related to the Ukraine conflict, with implications for global oil prices and market stability.

As of October 22, today’s news is dominated by Prysmian CEO Massimo Battaini’s interview with The Wall Street Journal, where he discussed the company’s strategic response to global trade tensions and shifts in commodity markets. Interviewed by The Wall Street Journal, Prysmian CEO Massimo Battaini said the company has increased its use of recycled copper in the U.S. to about 60%, up from 10-15% before the introduction of tariffs in April. The shift was driven by trade tensions and China’s retreat from the scrap market. Recent acquisitions strengthened Prysmian's footprint in the U.S. - including a copper rod mill in Texas that allows it to process both primary copper and copper scrap so that the company produces in the country almost everything it sells, Battaini said. This gives the company a competitive advantage in the new environment created by tariffs, he add. These initiatives supported a 40% rise in Prysmian share price over the last three months. Battaini also noted that the U.S can't avoid importing metals like copper and aluminum. The production of aluminum in the U.S. satisfies only 35% of the local demand. It will probably take 20 years and billions of dollars in investment to get the capacity to be self-sufficient in aluminum, he add. Meanwhile, Rio Tinto is exploring a potential asset-for-equity swap with Chinalco that would trim the Chinese investor's 11% stake, freeing up Rio to resume buybacks and pursue new strategic deals, three people familiar with the matter told Reuters. Turning to market updates, aluminium prices soared to their highest point since June 2022, reaching 2,821 dollars a metric ton on the London Metal Exchange amid fears of potential supply shortages exacerbated by ongoing U.S.-China trade negotiations. Analysts suggest the price stability above 2,800 dollars could signal a bullish trend moving towards 2,950 dollars. In the technology domain, Tesla is poised to report strong third-quarter results, driven by a surge in electric vehicle sales ahead of the expiration of a substantial federal tax credit. CEO Elon Musk's strategy to introduce more affordable model trims will likely be closely watched by investors as the company seeks to attract new customers in both the U.S. and overseas markets. Amid these developments, the impact of U.S. political maneuvers on sectors like offshore wind is becoming apparent, with significant losses reported among U.S. shipbuilders and port operators.

As of October 21, today’s news sees Italy’s growing industrial presence in Brazil - featuring major players such as Prysmian - and the outcome of Germany’s investigation into recent power market volatility. A new survey by the Italian Embassy in Brasília counts 1,104 Italian companies in Brazil, mostly based in the south and southeast. Presented in Milan during the Italy–Brazil Week, the “2025 Business Guide to Brazil” highlights opportunities in key sectors such as energy, infrastructure and manufacturing, with major players like Prysmian, Eni, Enel, Pirelli, Stellantis and Leonardo driving Italian investment in the country. Meanwhile, German authorities said today that an investigation into sharp power price spikes during periods of low renewable output in late 2024 found no evidence of market manipulation by major electricity producers. The probe followed allegations that some utilities may have withheld supply during so-called Dunkelflaute events — stretches of dark, windless weather — in early November and mid-December, when both solar and wind generation dropped sharply. Turning to market updates, global automakers are racing against time to secure critical rare earth materials in light of heightened Chinese export controls that are anticipating parts shortages and potential factory closures. Rare earth magnets are essential components in various automotive applications, especially within electric vehicles (EVs). China currently plays a dominant role in the rare earth supply chain, controlling around 70% of global mining and up to 90% of magnet production, which raises concerns about future supply stability. In the metals market, copper prices are feeling the strain from a stronger dollar and waning demand from China, the world’s largest consumer of metals. The benchmark copper futures fell by 0.4% amidst anticipation of U.S.-China trade discussions. Analysts are closely watching these developments given China's recent economic slowdown, which has added pressure to global metal markets. In technology developments, the rising demand for AI chips is creating an unintended ripple effect, tightening the supply of standard semiconductors. This trend has led to panic buying among customers and has spurred price increases, prompting some analysts to suggest the onset of a "super cycle" in the memory chip industry. On the corporate front, French utility EDF is exploring strategic options for its Italian subsidiary Edison, including a potential public offering or stake sale, as part of its efforts to raise capital to fund new nuclear investments. Lastly, from a global perspective, a proposed summit between U.S. President Donald Trump and Russian President Vladimir Putin has been complicated by Russia's firm stance against a ceasefire in Ukraine, delaying any potential diplomatic breakthroughs.

As of October 20, today's news features updates on Prysmian’s third-quarter consensus, developments in copper demand and geopolitical tensions affecting trade. Prysmian is expected to report higher revenue and adjusted EBITDA in the third quarter, according to a company-compiled consensus of 17 brokers. Specifically, revenue is projected to rise to 4.864 billion euros, up from 4.543 billion euros in the same period last year, while adjusted EBITDA is seen increasing to 637 million euros from 540 million euros in the third quarter of 2024. In broader market news, copper consumption is shifting from reliance on China as growth slows in the world's largest consumer of the metal. Demand is expected to increase significantly in the United States and India over the next decade. Analysts suggest that regional policy changes, infrastructure needs, and geopolitical issues will influence the copper market, making the dynamics more complex as producers and consumers adapt. Copper prices reacted positively to stronger-than-expected Chinese industrial output data, which showed a 6.5% year-on-year increase in September, surpassing forecasts. This uptick in production is seen as beneficial for the base metals market. As a result, copper on the London Metal Exchange rose by 0.4% to 10,648.50 dollars. As for the trade landscape, tensions between the United States and China persisted, with President Trump listing critical negotiating points ahead of renewed discussions, including rare earths and agricultural products like soybeans. This comes amid a backdrop of a fragile truce in trade, with the U.S. potentially implementing new tariffs that threaten ongoing agreements. In the tech sector, Amazon Web Services experienced a substantial outage, affecting various platforms. This incident underlines the reliance on cloud services and the potential for widespread disruptions in the digital economy. Internationally, the Federal Reserve is preparing for its upcoming policy meeting, though a government shutdown has halted the release of key economic data, complicating the outlook for U.S. monetary policy. Meanwhile, geopolitical efforts in the Middle East face renewed challenges following escalations in violence impacting ceasefire negotiations between Israel and Hamas.

As of October 17, today’s news features relevant developments in renewable energy projects and the shifting landscape of power generation across continents. Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for a mid-November shipment, three sources told Reuters, which would be the first from the mega-mine set to reshape global supplies and pricing. Meanwhile, Singapore’s Sembcorp Industries, in consortium with Sarawak Energy Berhad, has received conditional approval from the Energy Market Authority of Singapore to import 1 GW of renewable energy, mainly hydropower from Sarawak, Malaysia, to Singapore. The project, expected to begin operations around 2035, will transmit power via over 700 km (435 miles) of subsea cables. Turning to market updates, the energy sector is witnessing a bifurcation in manufacturing strategies between North America and Europe. North American manufacturers are likely to maintain a reliance on natural gas, whereas European counterparts aim to transition primarily to electric power sources by mid-century due to a strong push to decrease reliance on imported fossil fuels. Meanwhile, the market for copper has faced pressure, declining to a one-week low amid growing concerns about credit stability among U.S. regional banks. The metal, indicative of broader economic trends, has seen fluctuations with the dollar's strength influencing its pricing. In the global scene, developments in Southeast Asia have impacted power trade commitments, with Malaysia's Energy Minister indicating that the renewal of a multilateral power trade agreement with Thailand has been postponed due to local political changes. The region's initiative aims to facilitate hydropower distribution from Laos through Thailand and Malaysia, with an anticipated renewal next month. On a broader scale, the nuclear sector is gaining momentum, with Oklo, a company backed by Sam Altman, securing up to 2 billion dollars in investments for nuclear fuel development in the U.S., aiming to enhance energy security and support transatlantic cooperation. This push reflects a renewed interest in nuclear energy, driven by increased demand from energy-intensive sectors. Lastly, geopolitical tensions remain high, particularly with developments in Israel and imminent discussions between U.S. President Trump and Ukrainian President Zelenskiy regarding military support, all underscoring the intricate interplay between international relations and energy strategies as nations navigate the challenges of a rapidly changing world.

As of October 16, today’s news sees Prysmian Chairman remarks on Europe’s energy interconnection strategy and broader geopolitical developments affecting global industrial markets. At the “Green & Net Zero Talk – Interconnected Energy” event, Prysmian Chairman Francesco Gori said the 4 billion dollars Encore Wire acquisition strengthens the group’s U.S. electrification business, unaffected by renewable energy shifts in the U.S.. He stressed the growing importance of energy interconnections to stabilize power systems, citing Spain’s recent blackout as an example. Gori noted that Europe’s energy future depends on cross-border links like the UK–France connection and highlighted the Mediterranean’s untapped potential to become a key energy hub alongside the North Sea. Meanwhile, critical mineral companies are boosting lobbying efforts in Washington, hoping to share in the ambitious investments that U.S. President Donald Trump has pledged to firms deemed essential to national security, a Reuters review of public records and interviews with executives and officials showed. Turning to market updates, Swiss engineering company ABB said it is seeing strong customer demand, particularly from a surge in new data centres being built in the U.S. to process artificial intelligence. ABB, which makes factory robots, as well as motors and drives for factory production lines, also said on Thursday it was seeing little impact on customers from U.S. import tariffs as it reported its third quarter results. Furthermore, copper prices experienced a downturn as tensions between the U.S. and China regarding trade and a government shutdown hampered sentiment. Chinese state-owned Codelco raised its premium for copper sales to European clients to a record 345 dollars per metric ton for 2026, reflecting concerns over potential supply shortages. Meanwhile, U.S. miner Freeport-McMoRan has declared force majeure at its Grasberg mine following a mudslide, contributing to supply apprehensions. Across the energy landscape, American Electric Power secured a 1.6 billion dollars loan guarantee aimed at upgrading extensive transmission infrastructure across several states, highlighting the anticipated rise in power demand driven by burgeoning data centers linked to AI advancements. From the global viewpoint, a recent report by McKinsey forecasts that fossil fuels will continue to play a dominant role in the energy mix even beyond 2050, driven by increasing electricity demand from industrial and residential sectors. This projection highlights the ongoing challenge in meeting global net-zero targets, given the anticipated rise in consumption primarily in North America and other OECD countries. In political news, U.S. President Donald Trump engaged in discussions with Russian President Vladimir Putin ahead of a crucial meeting with Ukrainian President Volodymyr Zelenskiy focused on military support amid ongoing tensions in the region.

As of October 15, today's news highlights Prysmian’s strong outlook, major AI-driven investments by BlackRock, and Stellantis’ 13 billion dollar U.S. expansion plan. According to Bloomberg Intelligence, the current US tariff scenario - with 50% duty on copper wires and an exemption for raw-copper imports - is a competitive advantage for Prysmian's US-skewed production footprint, notably for the low-voltage business in its Electrification unit, offering upgrade room for 2025's 2.3-2.375 billion euros Ebitda guidance. Bloomberg Intelligence add that European industrials are set to lead earnings this season, with 4.9% EPS growth driven in large part by capital goods. Siemens Energy, ABB, and Prysmian account for much of the gain, benefiting from rising AI-related electrification and data center investments. Meanwhile, an investor group including BlackRock, Microsoft and Nvidia is buying one of the world's biggest data center operators with nearly 80 sites in a deal worth 40 billion dollars to secure coveted computing capacity for artificial intelligence. Furthermore, Stellantis new 13 billion dollars investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers' sales in its main market, investors and analysts said today. In market developments, shares of Aurubis fell after Salzgitter divested a significant portion of its stake, prompting a 6.7% drop in stock value. The U.S. copper market appears more resilient, as Shanghai copper prices stabilized due to hopes for U.S. Federal Reserve rate cuts amidst ongoing trade tensions with China. Meanwhile, a 0.9% increase in copper prices signals a recovery trend, supported by a weaker dollar and cautious optimism regarding stimulus measures in China. Looking at broader scenarios, an analysis from consultancy DNV indicates that emissions from North America's power sector could potentially increase by 3 billion metric tons by 2050 due to recent federal policy shifts favoring fossil fuels over clean energy. Meanwhile, international news includes calls from U.S. Secretary of Defense Pete Hegseth for NATO allies to increase investments in U.S. military support for Ukraine, as dwindling military aid raises concerns over the ongoing conflict.

As of October 14, today’s news features relevant developments in the cable and materials industry, highlighted by behind-the-scenes details of the leadership shake-up at Nexans and broader market movements affecting copper and other metals. According to Le Figaro, unnamed sources said that Nexans CEO Christopher Guérin was ousted after losing the confidence of the board and key shareholders. Unnamed sources told Le Figaro that Guérin’s increasingly alleged ‘autocratic style’ and a plan, cited to delist Nexans without board approval, was behind his removal. Nexand did not comment on this in Le Figaro. Chairman Jean Mouton appointed Julien Hueber to ensure “continuity” according to the newspaper. Meanwhile, Germany's Aurubis has held preliminary talks with the U.S. government about support for a new copper smelter in the United States following the launch of a recycling plant there, its CEO said today. Turning to market updates, copper prices have dipped by approximately 2.3% due to rising trade tensions between the U.S. and China, which are raising concerns over demand for copper and other growth-dependent metals. Despite challenges in supply from key mining countries, copper has seen a decline in demand amidst these geopolitical uncertainties. In contrast, Rio Tinto is gearing up for a strong year-end to meet its iron ore shipment targets, bolstered by increased demand from China, which has reached record import levels in recent months. Meanwhile, Chinese solar stocks experienced a surge as the government announced potential regulatory measures to control solar production capacity amid fears of oversupply. In a noteworthy global development, Google has unveiled plans for a 15 billion dollars investment in an AI data center in India, marking its most significant investment in the country to date. This initiative aligns with the growing demand for AI infrastructure and aims to support local advancements in artificial intelligence. Lastly, the French Prime Minister has suspended a pivotal pension reform as he seeks legislative support for the upcoming budget, reflecting the fragile political landscape in France.

As of October 13, today's news is dominated by unexpected leadership changes at Nexans and the implications for the cable industry, alongside broader market movements and geopolitical developments. Nexans has appointed Julien Hueber as the new CEO, effective immediately, following the abrupt resignation of Christopher Guerin. This leadership shift has unsettled the market, with shares plummeting by nearly 10%. Analysts have noted that this unexpected change reflects a pattern reminiscent of the 2018 CEO transition, raising concerns about potential uncertainties surrounding the company's future strategies. Despite the leadership upheaval, Bloomberg Intelligence said, Nexans has been benefiting from the electrification trend, having recently reported impressive earnings, but faces challenges concerning revenue recognition risks from certain projects and concerns over capacity at its U.S. facility. Investor sentiment regarding European capital goods companies is shifting focus to upcoming capital markets days, particularly for ABB and Schneider Electric, which are expected to shed light on stronger growth outlooks. Reports by Jefferies indicate that while current earnings align with expectations, there is optimism surrounding the future performance of companies like Nexans and Prysmian. In the copper market, which saw prices fluctuate due to geopolitical tensions and potential demand growth, particularly from China. Analysts emphasize the need for strong demand from China to fuel further price increases in copper, a metal essential for power and construction. Elsewhere, EDP is set to accelerate solar and battery storage projects in Australia after securing government funding aimed at enhancing its renewable energy capabilities, illustrating the ongoing investment in sustainable energy amidst shifting global energy dynamics. These developments underscore the complexities in the cable and energy sectors, as companies navigate leadership changes while attempting to capitalize on emerging market opportunities. On the international stage, U.S. President Donald Trump's meeting with Chinese leader Xi Jinping is anticipated as both sides strive for economic de-escalation amid recent tensions over trade tariffs and export controls, particularly concerning rare earth elements. This situation is reflected in China's rare earth exports, which have seen significant declines, prompting concerns about future agreements with global partners.

As of October 10, today’s news features Prysmian’s strong market performance and strategic outlook highlighted in an interview with its Chief Strategy Officer, alongside key statements from European policymakers on financial stability and market integration. Maria Cristina Bifulco, Chief Strategy Officer at Prysmian, told Class CNBC that the company’s recent share performance reflects its solid fundamentals and a strategic vision focused on the medium and long term. She explained that Prysmian operates as a leader in sectors that drive decarbonization and enable electrification, maintaining strong leadership positions across its core markets. Since the appointment of Massimo Battaini as CEO in April 2024, the company’s market capitalization has more than doubled, rising from about 12.3 billion euros to 27 billion euros, Bifulco add. Meanwhile, speaking on the sidelines of the Ecofin meeting in Luxembourg, Italy’s Economy Minister Giancarlo Giorgetti said that the government will review the European Commission’s assessment on the use of golden power in the Unicredit/Banco BPM deal once it is issued. He stressed that the government is simply enforcing an existing law, and that any change to that law would fall under the responsibility of Parliament, not the executive. At the same meeting, Commissioner Albuquerque said that the European Commission’s priority remains to address the factors causing market fragmentation. She emphasized that the Union for Savings and Investments is, at its core, a single market project, and that the goal is to build a truly integrated financial services market. Turning to market updates, Nexans shares fall as much as 5.4%, the most in six months, after analysts at BNP Paribas Exane downgraded their rating to underperform from neutral, citing a sharp deceleration of earnings growth expected from 2026. Meanwhile, in the copper market, prices fell from a 16-month high as traders engaged in profit-taking amid rising inventories in China. The most active copper contract on the Shanghai Futures Exchange settled at 85,900 yuan (approximately 12,059 euros) per metric ton. In the geopolitical arena, President Emmanuel Macron of France is navigating a significant political challenge as he seeks to appoint a new prime minister, aiming to unify his fractured parliamentary coalition. With a self-imposed deadline looming, this leadership change comes amid concerns about potential economic stagnation resulting from ongoing political instability. Lastly, the broader international scenario reflects concerns about U.S.-China relations, with President Donald Trump threatening to impose a “massive increase” in tariffs on Chinese goods, indicating deteriorating trade relations.

As of October 9, today’s news features significant developments in the automotive and renewable energy sectors, alongside market shifts in commodities like copper. Orsted, the world's biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. Orsted expanded rapidly over the past decade, but more recently has faced higher costs from supply chain disruption and inflation, plus the impact of U.S. President Donald Trump's actions against offshore wind projects. Meanwhile, Ferrari shares posted their biggest intraday drop since 2016 after the carmaker issued a cautious forecast that disappointed investors. In a related automotive development, Porsche has joined other German manufacturers in reporting declining sales, particularly in China, where competitive pressure from local manufacturers like BYD has intensified. BMW recently reduced its earnings forecast due to disappointing demand in this key market. The German government announced new purchase incentives for electric vehicles worth 3 billion euros through 2029, intending to address issues the automotive sector faces amidst emerging competition and rising costs. Meanwhile, copper prices have reached 11,000 dollars per ton, attributed to anticipated supply shortages following disruptions in mining, with Chinese traders showing renewed interest in the market. On the broader international stage, China has widened its restrictions on rare earth exports, directly affecting semiconductor and defense industries in the United States. These measures come amid ongoing negotiations between U.S. and Chinese leaders, indicating deeper geopolitical tensions. Finally, in political news, the Palestinian Authority expects a significant role in post-war Gaza, even though President Donald Trump's plan sidelines it for now, and is banking on Arab support to secure its position despite Israeli objections, Palestinian officials say.