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Caroline Millar

Chile - Cochilco warns copper sector carbon dioxide emissions may double by 2020 - 0 views

  • Caroline Millar
     
    Cochilco, Chile's state copper commission, forecasts that CO2 emissions from the country's copper sector will rise from 18Mt predicted for 2009 to 36Mt in 2020, if copper output grows as forecast from the 5.38Mt expected this year to 7.38Mt in 2020, and if the copper mining industry continues with current methods. Speaking at a conference on 2 November, Cochilco's director of public policies and research said mitigation measures to increase energy efficiency must be implemented.
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.
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.
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

Mexico - Copper output in August down 14% y/y - 0 views

  • Caroline Millar
     
    Mexican copper output fell to 18,465 tonnes in August, down 14.4% from the same month a year earlier, according to data from the National Statistics Institute on 30 October. The country's copper output has been hit by a more than two-year long strike at its largest mine, the Cananea mine owned by Grupo Mexico.
Caroline Millar

Chile - September copper output rises 8.5% y/y - 0 views

  • Caroline Millar
     
    Chile, the world's biggest copper producing country, saw September copper output rise 8.5% y/y to 464,560 tonnes (up from 428,280 tonnes in September 2008), according to government data released 29 October. This follows a 7.8% y/y rise in August but the country's 9-month copper production is down 1.1% y/y at 3.94 million tonnes.
Caroline Millar

Japan - Smelters plan cautious H2 copper output rise - 1 views

  • Caroline Millar
     
    Japan's top six copper smelters are together planning a cautious increase of output in fiscal H2 (Oct09-Mar10), to a combined 764,058 tonnes which will be 3.3% up y/y and 2.6% up on H1. But several will stop short of restoring full production and Pan Pacific Copper (Japan's top copper smelter) will produce 1.6% less than a year ago, citing tight raw material supplies. Sumitomo Metal Mining's H2 output will be 0.9% down y/y, Mitsubishi Materials' 20% up (last H2's output was affected by repairs at its Naoshima smelter), Dowa Holdings' 13% up, Furukawa's 0.9%. up, and Nittetsu Mining's 0.9% down.
Caroline Millar

Japan - H2 copper output to rise at Mitsubishi Materials, Furukawa - 0 views

  • Caroline Millar
     
    Mitsubishi Materials Corp. said on 1 October it plans to produce 156,102 tonnes copper in fiscal H2 (Oct'09-Mar'10), which is 20% up on the year ago period (when output was affected by repairs at the Naoshima smelter). The company had said in August it would return to full production, the first major Japanese smelter to reverse cuts forced by the economic downturn. Today, Furukawa Co. Ltd. also announced that its copper output in fiscal H2 will rise, by 0.9% y-o-y to 43,385 tonnes.
Caroline Millar

Japan - August copper product output hints at recovery - 0 views

  • Caroline Millar
     
    Japan's output of rolled copper products rose 2.2% in August from July, according to preliminary data from the Japan Copper and Brass Association, fed by an increase in demand from the semiconductor and auto sectors. However the seasonally adjusted figure of 63,224 tonnes is still 21% down on August last year. The association also said it expects demand for the year to March 2010 to total 713,930 tonnes - down 11.5% y-o-y and the lowest since the year ended March 1976.
Caroline Millar

Japan - July copper product output up 6% from June - 0 views

  • Caroline Millar
     
    Japan's output of rolled copper and alloy fabricated products ( including sheets and tubes) in July was 62,800 tonnes, which was up 6.1% from 59,188 tonnes in June but down 26.4% from 85,377 tonnes a year ago, according to preliminary data from the Japan Copper and Brass Association on August 27. This is the highest monthly output achieved since November last year; March's output this year (34,512 tonnes) was the lowest since November 1974.
Caroline Millar

Japan - Mitsui Kinzoku, Furukawa Electric increase output of ultrathin foil - 0 views

  • Caroline Millar
     
    Mitsui Mining & Smelting Co. (the global leader in copper foil, also known as Mitsui Kinzoku) has invested ¥2bn to raise monthly production capacity for 1-5 micron copper foil at its Ageo, Saitama Prefecture plant from 450,000 to 600,000 sq. meters (by this month's end); by 2011 they expect to achieve 1 million sq. meters capacity. Furukawa Electric began producing 3-micron foil last year at its factory in Nikko, Tochigi Prefecture and has started shipping samples of 1-2 micron: it plans to increase output capacity to 50,000-60,000 sq. meters a month by next March, and to 100,000 sq. meters by March 2011.
Steven O'Sullivan

ICSG Release Report On Copper Output Growth To 2013 - 0 views

  • Steven O'Sullivan
     
    Annual copper mine output will grow at a slower-than-expected average annual rate of...
Caroline Millar

China - Trial runs at JNMC's 100kt/y copper semis line - 0 views

  • Caroline Millar
     
    Jinchuan Nonferrous Metals Co. Ltd (JNMC) recently began trial runs of its new copper semis line, which will be capable of increasing their output of copper rod for electrical purposes to 100kt/y, up from 25kt/y. This is a key project for JNMC (begun in December 2007), aimed at extending its copper products chain and optimizing the product-mix, with more high technology value-added products. Additional annual sales income of 4.0bn yuan is expected.
Steven O'Sullivan

World copper in 48,000t surplus in Q1 - ICSG - 0 views

  • Steven O'Sullivan
     
    The world copper market saw a surplus of 48,000 tonnes between January and March of this year, compared with...
Panos Kotseras

Japan - Copper semis output continued to decline in April - 0 views

  • Panos Kotseras
     
    According to preliminary data released by the Japan Copper and Brass Association, production of rolled copper and alloy semis in April fell by 48.6% y-o-y to an estimated 44,420t. Compared with March, the figure represents a 28.7% rise, however, April was the 9th consecutive month that production fell. The Japanese Electric Wire and Cable Makers' Association said last week that copper wire and cable sales in April dropped by 26.3% y-o-y and 18.8% m-o-m to an estimated 52,200t. The deep economic downturn continues to take its toll on copper consumption in the world's second largest economy.
Panos Kotseras

Chile - Copper output fell in February and March - 0 views

  • Panos Kotseras
     
    According to government announcements, Chile, which mines about one third of world's copper, produced 429,620 tonnes of copper in March. This represents a 5.9% decline in output compared with the same period in 2008. Output in February also declined by 9.8% y-o-y.
Panos Kotseras

Japan - Hitachi Cable to reduce rolled copper output by 7% in FY2009 - 0 views

  • Panos Kotseras
     
    Hitachi Cable said that it plans to cut rolled copper output by 7% in FY2009 compared to FY2008. As a result, the company will now produce 5,760 tonnes of rolled copper output per month. Hitachi Cable intends to expand the sales of growing items, such as copper tube for heat pump hot water supply systems and rolled copper foil for lithium ion batteries. In copper strip, the company experienced very low demand in February but anticipates that it will improve in FY2009.
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