# Nexans secures €250M EIB funding for copper recycling expansion

Nexans received €250 million in financing from the European Investment Bank to expand copper recycling capacity, including a new factory in Lens, France, aiming to recycle up to 80,000 tonnes of copper annually and increase copper wire production by over 50%.

- Type: Investment
- Announced: 2025-09-22
- Where: Lens, France
- Value: $275.0M (250.0M EUR)
- Status: announced
- Capacity: 80,000 tonnes of copper per year
- Products: recycled copper, copper wire
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nexans](https://endata.com/companies/5093.md)
- [European Investment Bank](https://endata.com/companies/10295.md) (investor)

## Sources

- [news.sustainability-directory.com](https://news.sustainability-directory.com/circularity/nexans-secures-eib-funding-for-major-copper-recycling-expansion/), 2025-09-22: "This investment is driven by the imperative for energy transition, the European Union's strategic goal of energy autonomy through the REPowerEU program, and the critical importance of securing raw materials like copper."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.