Market Chatter: Ferrari, BMW to Launch Vehicles Featuring Aluminum, Shifting Away From Copper

MT Newswires Live

06/30

Ferrari (RACE) and BMW are launching new vehicles that use aluminum wiring, signaling their shift away from copper, Reuters reported Tuesday.

The report said companies are switching to aluminum due to its lower price and comparable performance, while copper prices have increased driven by shortages and increased demand.

Ferrari and BMW said the move to use aluminum was also partly driven by the metal's lighter weight, the report added.

Ferrari and BMW did not respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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