Nexans To Supply High-Voltage DC Submarine Cable For Euroasia, The Eurasian Submarine Cable


EuroAsia Interconnector Limited, the project developer of the European Power Interconnection Project connecting the national grids of Israel, Cyprus, and Greece (Crete), recently announced that Nexans has been selected as the preferred bidder for the supply and installation of 500 kV HVDC underwater cables for the project. It is responsible for the production, manufacture, laying, and commissioning of the 1000MW Cyprus-Greece (Crete) link-impregnated (MI) cable.

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Copper Prices Fell To The Lowest Point Since February Last Year, A Short Time Or Retracement But Difficult To Suppress The Downward Trend

copper-price

The impact of falling copper prices

By the dual impact of macro factors and fundamental weakness, global copper prices have recently begun to fall sharply. since July 1, copper has fallen below $8,000 per ton for three consecutive trading days, coming to the lowest level since February 2021. Domestic copper main futures have now fallen to about 61,000 yuan/ton, again the lowest level since February 2021.

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The World’s First Submarine Cable Was Completed More Than 150 Years Ago


But in 1858, the first Atlantic submarine cable caused a sensation when it was completed.

In the 1850s, telegraph networks spread rapidly across Europe and the Americas. But submarine connections were a challenge.

In 1850, the first submarine cable between France and England, laid from the back of a tugboat, lasted only one day before it was broken by French fishermen. 1851 saw the construction of a better quality cable, and in 1852 the connection from London to Paris was completed.

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