We have received communications from Nexans Olex (one of our core suppliers) that are continuing to see volatility in the metal market, compounded with the devaluation of the AUD against the USD.
As a result, copper has risen significantly over the recent period.
Nexans Olex uses its global purchasing power and procurement expertise to provide the best possible value to its customers. Despite our expertise, the recent volatility and subsequent increase in metals prices mean that we will not able to maintain our current pricing levels.
Effective 1st March we will be seeing an increase in pricing at an average of 4%. We wish to thank you for your ongoing business and hope that you will understand the necessity for this price increase.