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Colin Bennett

Hana Mining reveals one of Africa`s largest silver and copper districts - 0 views

  • Canada's junior explorer Hana Mining CEO Mareck Kreczmer believes his company has on its hands part of one of the largest copper and silver deposits in Africa that can rival the Zambian copper belt.
Caroline Millar

Japan - Copper, copper alloy product output down 12% y/y in October - 0 views

  • Caroline Millar
     
    The Japan Copper and Brass Association said on 24 November preliminary data shows Japan's output of copper and copper alloy fabricated products, including sheets and tubes, dropped 12% y/y in October, to 69,218 tonnes. This is the 15th consecutive month of decline, but October production was the highest level and the slowest drop since last November. Demand for pipes for air conditioners remains subdued, but there is some recovery in the semiconductor, auto and electronics sectors.
Colin Bennett

The greening of manufacturing - 0 views

  • Leading European industrialists believe the future of manufacturing on the continent will increasingly revolve around green products, often backed by government subsidies.
  • Colin Bennett
     
    "Leading European industrialists believe the future of manufacturing on the continent will increasingly revolve around green products, often backed by government subsidies."
Caroline Millar

Japan - October copper cable shipments down 14.3% y/y, up 5.2% m/m - 0 views

  • Caroline Millar
     
    Japanese copper wire and cable shipments in October were down 14.3% y/y at 61,000 tonnes, but up 5.2% m/m from 57,984 tonnes in September, according to data provided by the Japanese Electric Wire and Cable Makers' Association on 20 November. Only the power and telecommunications sectors saw y/y rises in October shipments: power industry shipments rose 15.6% y/y to 8,100 tonnes, the largest volume since 8,427 tonnes in November 2001. But this was more than offset by declines in the construction, automobile, home appliance and export sectors.
Caroline Millar

UK - WBMS: Jan-Sep deficit of 58,000t in global copper market masks hidden China stocks - 0 views

  • Caroline Millar
     
    The global copper market was in a deficit of 58,000 tonnes in January-September 2009, compared with a surplus of 27,000 tonnes in the same period last year, according to the World Bureau of Metal Statistics (WBMS) report released on 18 November. Global consumption rose fractionally to 13.87 million tonnes while Chinese apparent consumption increased 47% to 5.47 million tonnes. The British-based consultancy said this masks a build up of unreported stocks, since output of semi manufactures increased only 16.67%.
Panos Kotseras

US - Copper imports rose in September by 50% m-o-m - 0 views

  • Panos Kotseras
     
    According to data released by the US International Trade Commission, copper imports in September soared to 56,012 tonnes, up by more than 50% compared to August. Larger import volumes provide optimism for economic recovery in the US. The US stimulus plan amounts to US$787 billion and until now only a fifth to a quarter has been spent. Maximum results of the stimulus programme are expected to be realised in Q4 2009 - Q2 2010.
Colin Bennett

BHP chief says big mining will meet demand - 0 views

  • Marius Kloppers said the big mining houses had the capacity to meet the world’s rising demand for fuels and ores in the coming decades in a speech where he also sought to downplay fears expressed by industrialising nations over “resources security”.
Caroline Millar

China - China's top 2 copper pipe and tube producers in US anti-dumping probe - 0 views

  • Caroline Millar
     
    Jinlong Seamless Copper Pipe Co. and Hailiang, China's top two producers of seamless refined copper pipe and tube, are both included in the current US anti-dumping investigations into imports from China and Mexico. Jinlong (which exports to the US, Japan, South Korea, the Middle East, Southeast Asia, and Africa) last month opened a new plant in Mexico (annual production capacity 60,000 tonnes), designed to supply demand in North and South America. Hailiang's exports of pipe and tubes to the US in 2008 were15,479 tonnes (10.5% of total sales), and in 1H09 5,622 tonnes (7.9% of total). In total China exported 50,000 tonnes in 2008, and 30,000 tonnes in 1H09.
Colin Bennett

KGHM 2010 copper production to exceed 502,000 tonnes - 0 views

  • Polish miner KGHM (KGHM.WA: Quote) Europe's No. 2 copper producer, expects to boost 2010 production above the 502,000 tonnes forecast for this year, its chief executive said on Tuesday.
Panos Kotseras

USA - Bank of America sees copper consumption growth - 0 views

  • Panos Kotseras
     
    Bank of America-Merrill Lynch is expecting that the world ex-China has potential for copper demand growth too. As a result, it revised up its copper price forecast for 2010 to US$7,125/t. This represents a 1.8% increase compared to its earlier anticipation. Its forecast for the current year is revised up by 5.6% to US$5,137/t.

Caroline Millar

USA - ITC to continue copper tube antidumping investigations - 0 views

  • Caroline Millar
     
    The U.S. International Trade Commission (ITC) on 13 November took a unanimous vote to continue its anti-dumping duty investigations into imports of seamless refined copper pipe and tube from China and Mexico. Preliminary determinations are due 9 March 2010. On 21 October, the U.S. Commerce Department formally initiated anti-dumping investigations (petitioned by domestic manufacturers Cerro Flow Products Inc, KobeWieland Copper Products LLC and two divisions of Mueller Industries Inc), finding estimated dumping margins of 60.5% for China and 76.5% to 85.7% for Mexico.
Caroline Millar

Chile - Codelco sees rebound supporting copper demand - 0 views

  • Caroline Millar
     
    The world's biggest copper producer, Chile's Codelco, expects an economic rebound in the US and Europe will help support demand for copper next year with China maintaining its growth. Codelco's copper output for the first nine months this year was up 16% y/y at 1.21 million tonnes, and it expects output of 1.7 million tonnes for the full year and slightly more next year. Economic recovery will support copper prices.
Colin Bennett

Cochilco raises 2009 average copper price outlook to $2.30/lb but trims output forecasts - 0 views

  • Chile's state copper think tank, Cochilco, on Wednesday raised its 2009 average copper price outlook to $2.30 per lb from $1.95, but slightly trimmed its 2009 copper output forecast to 5.38 million tonnes.


    The think tank also raised its copper price forecast for 2010 to an average of $2.70 per lb from $2.10 per lb, citing dynamic Chinese demand and expectations of a recovery of developed economies from global crisis.

Panos Kotseras

China - The copper products market - 0 views

  • Panos Kotseras
     
    According to the China Nonferrous Processing Industry Conference, copper products output in China increased by one million tonnes annually in the past three years. Data released showed that production amounted to 5.3 million tonnes in 2006, 6.3 million tonnes in 2007 and 7.5 million tonnes in 2008. It was reported that Chinese output accounted for 30%, 40% and 50% of world output in 2006, 2007 and 2008 respectively. In addition, the General Administration of Customs said that Chinese copper imports in October reached 263,000 tonnes, an increase of 14% y-o-y. However, on a m-o-m basis the figure contracted by 34%.
Caroline Millar

China - Copper imports in October fall 34% m/m - 0 views

  • Caroline Millar
     
    Chinese imports of copper and copper semis products tumbled in October to reach 263,109 tonnes, down 34% from September (when imports unexpectedly surged to 399,052 tonnes), according to data released by the Chinese customs office on 11 November. This is the lowest monthly total since January's 232,700 tonnes. The market had expected a decline, due to prices, but not such a big one. China's scrap copper imports were 260,000 tons in October, down 36% from 411,696 tonnes in September.
Colin Bennett

China may re-export copper stockpiles - 0 views

  • Copper stockpiles held in duty-free warehouses in China, the top user, may be re-exported after surging to as much as 350,000 tons from almost none at the start of the year, according to Xi'an Maike Metal International Group.

    "We can hardly find buyers for refined copper," said Luo Shengzhang, general manager of the copper department at Xi'an Maike. The company ranks among the country's three biggest importers, according to the executive. "China's got to export some copper from now and next year," Luo said in an interview.
Caroline Millar

China - Daye Nonferrous to double refined & semi-finished copper output by 2015 - 0 views

  • Caroline Millar
     
    Daye Nonferrous Metals Co. Ltd, the fifth-biggest copper smelter in China, plans to double refined copper production to 500,000 tonnes by 2015. Daye also has 160,000 tonnes of annual capacity to turn refined copper into semi-finished copper products, and plans to boost this output to 400,000 tonnes by 2015. The company (which also has a stake in products producer Chinalco Central China Copper Co - annual capacity 130,000 tonnes) is planning an IPO for an initial public listing, but has given no timeframe for this.
Caroline Millar

India - Nissan Copper tube unit to start production by June'10 - 0 views

  • Caroline Millar
     
    Nissan Copper Ltd. plans to commence commercial production at its new tube plant in Silvassa in June. The plant has a total installed capacity of 12,000tonnes per year. The company plans to export around 60% of its production to the United Arab Emirates and the rest will be sold domestically.
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