Prysmian seals €550m Enedis deal as US aluminium tariffs shake markets - Feb 13, 2026

As of Febraury 13, today’s news is dominated by Prysmian’s major supply agreement with Enedis and fresh developments around U.S. tariffs on aluminium, with knock-on effects on market pricing and trade flows. Prysmian has signed a contract worth up to 550 million euros to become the supplier of the full range of medium-voltage cables for Enedis, over a seven-year period (2026-2032), which includes three optional years, the company said in a statement. Prysmian has been a long-term partner to Enedis, and the signature reinforces French manufacturing excellence as Prysmian commits to supply cables from its Gron (Yonne) and Montereau-Fault-Yonne (Seine-et-Marne) sites. Meanwhile, the U.S. aluminium market experienced fluctuations following reports by the Financial Times about potential tariff reductions. Price reactions were characterized by a dip to a one-week low before partially recovering as the market digested the possible impact of these changes on trade flows and pricing. Market analysts indicated that while a reduction in tariffs on derivative aluminium products might not significantly affect global prices, a rollback on primary aluminium tariffs could lead to broader consequences for aluminum markets. From the international front, France is set to enhance its decarbonized electricity production by 20% over the next decade, driven by nuclear and renewable energy sources. Finance Minister Roland Lescure emphasized the government’s commitment to developing electrification plans, which aim to significantly boost electricity generation while moving away from fossil fuels. The new energy planning law targets to produce 585 terawatt-hours of decarbonized electricity by 2030, an ambitious goal reflecting the nation's shift toward sustainable energy. In the U.S., PJM Interconnection's proposal aimed at managing the growing energy demands of data centers could lead to increased collaborations between data center operators and independent power producers. As electricity demand climbs, driven partly by advancements in artificial intelligence, new power supply deals are anticipated to become increasingly crucial to ensure grid stability. Finally, Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.