The growing development in electrification, and the strategic role of copper in the energy transition β leading to forecast raw material scarcity, is at the heart of Nexans concerns.
Nexansβ understanding of the electrification ecosystems and their medium- and long-term challenges commands strong strategic choices, such as the decision to guarantee the copper supply chain through vertical integration of the Metallurgy business, associated to long term supply contracts with upstream and downstream partners.
Nexans has signed a large contract with KGHM for the supply of copper cathodes in the years 2023-2027. The contract foresees the annual delivery of nearly 22.8 thousand to over 27.8 thousand tonnes of cathodes.
KGHMβs copper cathodes are a product with the highest proven quality, and this subsequent contract with Nexans is not just an expression of trust and satisfaction of our customers, but it also represents a commitment by us to ensure the highest level of performance in our work. We are currently striving vigorously to ensure not only that our copper is of the highest quality, but that it is produced in the most efficient and environmentally friendly way.
Vice President of the Management Board, KGHM (International Assets)
Nexans strongly values its durable business relationship with KGHM: we have chosen to engage on a 5-year Evergreen contract with them to secure a large part of our future cathode needs for our French rodmill in Lens. Our common willingness to formalize a long-term commitment will enable Nexans to continue to benefit from superior cathode quality and stability, allied to an efficient and low-carbon supply chain by rail between Poland and France.
Global Portfolio Director, Non Ferrous Metals, Nexans
Nexans and the copper smelters/refineries of KGHM have joined the Copper Mark to promote responsible copper production globally. KGHMβs long term cooperation with Nexans started in the 1970βs and is one of the oldest of the Group.
As a leader in the design and manufacturing of cable systems and services, Nexans is committed to electrifying the future along the entire value chain, from generation and transmission to distribution and usages.
Latest news
06 December 2024
After five years of meticulous restoration following the devastating fire in 2019, Notre-Dame de Paris is ready to reopen its doors. Nexans is proud to have played an important role in this extraordinary collective effort, contributing its expertise to ensure the cathedral is safer and more secure.
23 November 2024
Nexans has been awarded the “Value of the Future” prize at the 2024 Investor Awards organized by Boursorama. More than 130,000 voters cast their ballots to reward 10 listed companies.
Grids
05 November 2024
RTE has contracted with five suppliers β Prysmian, Nexans, NKT-SolidAl and Hellenic Cables β to secure underground power cables supplies for its projects until 2028. Worth a total of almost one billion euros (β¬), this commitment covers the supply and installation of around 5,200 kilometers of underground cables for voltage levels ranging from 90,000 to 400,000 volts.