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Caroline Millar

China - Yunnan Copper considers resource acquisition in Kazakhstan - 0 views

  • Caroline Millar
     
    Yunnan Copper Co. Ltd., China's third-largest copper producer, is considering acquiring a copper mine in Kazakhstan in 2010. Projects are also being developed in Laos, Indonesia, and Tibet. The company's general manager, Yang Chao, said copper demand will increase in 2010 and predicted prices might surpass 70,000 yuan/t next year.
Caroline Millar

China - Prysmian wins strategic EHV order, plans EHV/HV capacity increases in Baoying - 0 views

  • Caroline Millar
     
    Italian cable maker Prysmian said it has won a strategic first contract in China in the sector of extra high voltage (EHV) power transmission links - to supply a 500kV underground cable system to Anhui Xiangshuijian Pumped Storage Co. Ltd (a China State Grid affiliate company) - and at the same time announced it plans a new €20m (US$29.8m) investment to increase production capacity at its HV and EHV cables manufacturing unit in Baoying.
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.
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.
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.
Colin Bennett

Carbon-free copper smelting technology - 0 views

  • Colin Bennett
     
    "Recently, carbon-free copper smelting technology, a technology with full independent intellectual property rights, has passed expert examination organized by China Nonferrous Metals Industry Association (CNIA) in Dongying, Shandong province. It is the first time zero-carbon emissions in the copper melting process has been realized and also opens a new gate for low-carbon development of China's nonferrous metals industry."
Caroline Millar

China - CNIA: copper semis output growth in October, will continue in Q4 2009 - 0 views

  • Caroline Millar
     
    The China Nonferrous Metals Association (CNIA) reports that in October the operating rate of Chinese copper wire and rod enterprises was 78.3%, up 2.8% y/y, and that of copper tube enterprises (previously down 59.2% y/y in September ) was 73.3%, up 22.8% y/y and 14.1% m/m. Copper semis output Jan-Sep was 6.27mt, up 18% y/y. The fourth quarter is the traditional peak production season, driven by the growth of end use industries such as home appliances and automobiles etc, and CNIA expects to see continued growth in consumption.
Caroline Millar

Bulgaria / China - Aurubis and Minmetals sign US$800m copper cathode deal - 0 views

  • Caroline Millar
     
    Aurubis in Bulgaria (the Cumerio Med smelter) signed a contract on 15 October to supply China's Minmetals with up to 24,000tpy of copper cathode over the next six years, in a deal that could be worth US$800m. This equates to about 2% of the annual copper cathode production of the Aurubis group, which sold a record US$95m of copper products to Minmetals in the first half of 2009.
Caroline Millar

China - Copper imports gain in September for first month in three - 0 views

  • Caroline Millar
     
    According to the Beijing-based customs office data released on 14 October, Chinese imports of refined copper and copper semis increased to 399,052t in September, a 23% m-o-m rise. The figure exceeded expectations (the market had widely expected another m-o-m decline), and so provides some optimism about demand recovery, especially in a period when price differences do not favour imports. China's scrap copper imports were 410,000t in September (up from 392,121t last month).
Caroline Millar

China - Lihua International announces production capacity expansion - 0 views

  • Caroline Millar
     
    Lihua International Inc., leading Chinese producer of low cost, high quality alternatives to pure copper superfine and magnet wire, announced on 12 October it has begun production on four new proprietary high speed manufacturing lines. They increase its copper wire capacity to 1,500 tonnes per month (from 1,000tpm) and CCA wire capacity to 600tpm (from 500tpm). The company's copper recycling facility operates two horizontal smelters for a current production capacity of 25,000 tonnes per annum.
Caroline Millar

China - 8 copper & aluminium semis deep processing projects launch in Foshan City - 0 views

  • Caroline Millar
     
    8 copper & aluminium deep processing projects were launched in Shijiao County, Foshan City in Guangdong Province, at the end of September, providing 2,000 jobs with a total investment of 1.3bn yuan (US$190m). The area has been developing its nonferrous metals scrap dismantling sector for over 20 years. The Qingyuan Nonferrous Metal Processing Base, which is located in Shijiao County, has become an important manufacturing base attracting investors from across China.
Caroline Millar

China - JXTC produces 360t/d copper rod - 0 views

  • Caroline Millar
     
    Jiangxi Tungsten Alloy Co. Ltd.(JXTC), established in January 2008, said it hit a record high daily production level of 362.215t of copper rod at its CS20 furnace on September 25, surpassing levels of 181.012t/d and 202t/d reached on September 16 and 22 respectively. The company is 97% owned by Tungsten Industry Group Co. Ltd. while Ganzhou State-owned Assets Management Co. Ltd. holds 3%; together they invested 250m yuan (US$36.6m).
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