A wave of price increases is expected in the electrical industry in 2026.

In early 2026, the electrical industry implemented a comprehensive price adjustment due to rising costs. Soaring copper prices were the main driver, with the annual increase in Yangtze Nonferrous Metals' No. 1 copper reaching 33.1%, and the London Metal Exchange copper price rising by over 40%. Copper accounts for over 40% of the cost of low-voltage electrical appliances and 30%-40% of the cost of motor windings, leading to a decrease in industry gross profit margins to 5%-8%. Other raw materials, such as lithium carbonate, also rose simultaneously, increasing cost pressure on enterprises. Leading companies such as Schneider Electric, Siemens, and Chint Electric all adjusted prices, with increases ranging from 2% to 30%. The industry-wide price adjustment range was generally 5%-20%, with some scarce products seeing increases exceeding 50%.