Energy costs and scrap prices key drivers of 2026 performance

ElvalHalcor is focusing on the increased needs of data centers in Europe and the US for aluminum and copper, as well as on meeting the needs of energy network applications, rigid and flexible packaging and transportation, as the management of the listed company emphasized during the analysts’ briefing.

A catalytic factor for the course in 2026 is the energy cost, as well as the availability and prices of aluminum and copper scrap.

Middle East Crisis

Regarding the new crisis in the Middle East, the listed company emphasized that recent developments add an additional level of geopolitical risk.

The Strait of Hormuz is one of the world’s most important maritime energy transit points and any disruption in the region could lead to increased energy prices, higher transportation and insurance costs, as well as new disruptions in supply chains.

In addition, the intensified competition and volatility in London Metal Exchange (LME) metal prices may put additional pressure on the Group’s working capital and borrowing needs.
In this context, ElvalHalcor highlights that disciplined cost management, as well as prudent management of working capital and borrowing, will remain crucial to maintaining its strong financial position and performance.

Sales

Regarding the sales, the company’s management emphasized that the improved product mix, better processing prices and increased sales volume, especially in products for the packaging sector, both rigid and flexible, were the main characteristics of the aluminum sector.

The availability of aluminum scrap in Europe remained limited throughout the year, leading to higher prices and costs. The copper sector experienced increased sales volume for copper extrusions (bus bars/rods) and copper tubes, supported by the expansion of data center activity and power grid applications, particularly in the United States.