Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?
https://economictimes.indiatimes.com/markets/stocks/news/copper-hits-record-high-ultratechs-ultravolt-on-the-offensive-a-double-whammy-for-cable-makers-in-fy27/articleshow/133913050.cms
Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech's Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes, raising investor apprehensions about increased competition and dwindling profit margins.
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