Prysmian set for Q3 gain as copper demand shifts - Oct 20, 2025

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.