
Constellium (CSTM) Is Up 6.5% After Singen Battery-Foil Expansion With Solar Upgrade Has The Bull Case Changed?

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Constellium SE has completed a €30 million investment in its Singen plant in Germany, enhancing its aluminum foilstock production for battery applications. This expansion, in partnership with Lotte Infracell, strengthens Constellium's position in the European battery supply chain and improves its ESG profile with solar power integration. Despite this, the company's growth still heavily relies on the recovery of the automotive and aerospace sectors. The investment aligns with a 2024 supply agreement, highlighting the capital-intensive nature of such projects and potential risks if market conditions remain weak.
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