Mar 5 β€’ 07:57 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

ElvalHalcor: Catalysts for 2026 are energy costs and scrap prices

ElvalHalcor is focusing on the increased aluminum and copper demands from data centers and energy networks while highlighting the impact of energy costs and scrap prices on its future.

ElvalHalcor, a prominent Greek company, has identified the rising demand for aluminum and copper from data centers across Europe and the USA as a key area of focus for its operations. The company's management highlighted this need during an analysts' briefing, pointing out that alongside fulfilling energy network applications, both rigid and flexible packaging, and transport, are crucial areas where their materials are being utilized. The company’s strategic outlook for 2026 is heavily influenced by external factors, particularly energy costs and the availability and pricing of scrap aluminum and copper.

Crucially, ElvalHalcor is anticipating decisions from the European Commission regarding effective measures that are expected to stabilize the prices and availability of scrap materials, which is a significant concern not only for them but also for the broader European aluminum industry. The company is seeking clarity and support to navigate these challenges as they prepare for 2026, a year expected to see substantial growth in demand within their sectors, urging a proactive approach from European regulatory bodies to ensure stability in the market.

In light of the recent escalation of geopolitical tensions in the Middle East, ElvalHalcor has raised concerns about the associated risks affecting their operations. The Strait of Hormuz is vital for global energy supply chains, and any disruption in this region could lead to significant increases in energy prices, impacting the company's operational costs and overall market conditions. The management underscores the need for awareness and adaptation strategies in response to these evolving geopolitical dynamics, which could critically affect not only their business but the wider aluminum and copper markets.

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