Group Trends, copper's feed | Diigo - Groups

Germany - Aurubis expects improved earnings in 2010

Thu, 17 Dec 2009 09:37:10 -0000

Comments:

Aurubis, Europe's top copper producer, on 16 December reported net profits for the fiscal year ended Sep’09 were down 78% y/y at €53m, with EBITDA earnings fallen 54% to €216m and revenues 20% down at €6.7bn. But the company expects earnings to stabilise and improve overall in 2010, and sees the fundamental prospects for copper as positive. Copper demand could reach 17.9mt next year, almost back to 2008 levels, and grow more strongly from 2011. - Caroline Millar

Tags: germany, aurubis, earnings

by: Caroline Millar

Fushi Copperweld to Form China's First Composite Conductor Working Group

Wed, 16 Dec 2009 15:29:50 -0000

Highlights and Sticky Notes:

DALIAN, China, Dec. 14 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld, Inc., (the "Company") (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that the Company's subsidiary, Fushi International (Dalian) Bimetallic Cable Co., Ltd., has been appointed to form and organize China's first ever composite conductor working group by the National Standardization Administration of China. The National Standardization Administration (SAC), established in April 2001, is authorized by the State Council of the People's Republic of China to draft, formulate, and implement state laws and regulations on product standardization.

Tags: trends, copper, Fushi

by: Colin Bennett

Australia slashes 2010 copper production forecasts to lowest level in a decade

Wed, 16 Dec 2009 11:05:59 -0000

Highlights and Sticky Notes:

In its latest quarterly outlook, the Australian Bureau of Agricultural and Resource Economics cut its forecast for refined copper exports by 15.8% for the year to June 30, 2010, and its estimate for refined copper output by 13 percent to 408,000 tonnes.

Tags: trends, copper, Australia, mining

by: Colin Bennett

Short-term thinking on issues has harmed int`l mining, a new Deloitte report suggests

Wed, 16 Dec 2009 10:56:29 -0000

Highlights and Sticky Notes:

A report issued Tuesday by international accounting and consulting firm Deloitte contends activity in the international mining industry "has often been disproportionately influenced by short-term outlooks."

Tags: trends, copper, mining

by: Colin Bennett

Chile - November copper export revenues up 81% y/y

Wed, 16 Dec 2009 09:53:19 -0000

Comments:

Chile's copper exports totalled $2.85bn in November, up from to $2.48bn in October, and up 81% y/y compared to $1.57bn reported in November 2008, according to central bank data released on 15 December. Chile is the world's top copper producer, mining about a third of global supply. - Caroline Millar

Tags: chile, copper, export, revenues, november

by: Caroline Millar

Full text of Tony Blair's speech in Copenhagen

Tue, 15 Dec 2009 13:46:03 -0000

Highlights and Sticky Notes:

Energy efficiency, especially if applied more rapidly in the developing world, saves massively on emissions. Things like the substitution of inefficient industrial motors, building insulation, reduced leaks from pipelines, may not sound exciting as the things at the frontier of technological discovery, but they bring big rewards and quickly.

Tags: trends, copper, energy, efficiency, water

by: Colin Bennett

Japan - Furukawa Electric to launch new wire-harness plants in Brazil, India, China

Tue, 15 Dec 2009 11:07:36 -0000

Comments:

Japan’s Furukawa Electric has announced plans to build new wire-harness plants in Brazil, India and China over the next 3 years. The firm is also following a strategy to acquire majority stakes in its joint venture production sites around the world. In China, where a new harness plant is planned for Wuhan - to add to the 5 existing Chinese auto-parts plants - sales are expected to reach ¥32-35bn in 2013. - Caroline Millar

Tags: japan, furukawa, electric, wire, harness, plant, brazil, india, china

by: Caroline Millar

France - Nexans sees no quick upturn, but new €100m wind contract a bright spot

Mon, 14 Dec 2009 10:33:29 -0000

Comments:

Nexans, the world's biggest cable maker, sees no immediate upturn in demand for cables in 2010, from a market which has stabilised at a “very low” level, according to its CEO on 14 December, but a boom in wind farm and power network projects is providing some relief for the group's sales. Nexans has just announced its largest ever wind-power contract, a €100M deal for subsea power cables for the London Array off-shore project. - Caroline Millar

Tags: france, nexans, cable, wind, contract, london, array

by: Caroline Millar

Research Center To Foster New Copper Technologies, Applied Research Expected To Yield Game-Changing Results For Government, Industry And Consumers

Fri, 11 Dec 2009 16:52:57 -0000

Highlights and Sticky Notes:

The Copper Innovation Center (CIC) will foster scientific innovation and collaboration among various public and private entities, including federal, state and local government, non-governmental organizations (NGOs), research institutions and universities, and industry stakeholders.

Tags: trends, copper

by: Colin Bennett

European bank supports grid connection between UK and Netherlands

Fri, 11 Dec 2009 16:51:08 -0000

"The new link will be particularly significant to the development of a European offshore grid able to integrate increasing levels of offshore wind and marine power in coming decades."

Comments:

"The new link will be particularly significant to the development of a European offshore grid able to integrate increasing levels of offshore wind and marine power in coming decades." - Colin Bennett

Highlights and Sticky Notes:

The new link will be particularly significant to the development of a European offshore grid able to integrate increasing levels of offshore wind and marine power in coming decades.

Tags: trends, copper, super, grid

by: Colin Bennett

China - Customs reports November copper imports rose 10.3% m/m

Fri, 11 Dec 2009 10:17:21 -0000

Comments:

Data released by Chinese Customs on 11 December shows November’s imports of unwrought copper and semi-finished copper products were higher than predicted by analysts and traders at 290,158t, representing a 10.3% m/m rise (from to 263,109t in October, when imports fell 34% m/m) despite plentiful domestic supplies and high import costs in the world's biggest copper market. For the year to November, imports rose 67% to 3.92mt, thanks to record imports in the first half. - Caroline Millar

Tags: china, copper, imports, november

by: Caroline Millar

China - Expansion plans among top 10 copper producers

Fri, 11 Dec 2009 09:13:39 -0000

Comments:

In a new report ‘Chinese Copper Industry in 2010-2015’ released 10 December, state-backed Chinese research group Antaike lists current expansion plans for five of the top 10 Chinese copper producers as follows: China Jiangxi Copper Corporation (JCC) - refined copper capacity expansion to 1.0mtpy planned within 2 years; Xiangguang Copper Co. Ltd - project capable of yielding 400ktpa cathode copper in stage 2 construction; Daye Nonferrous Metals Co. Ltd - expansion of smelting capacity to 400kt and refining capacity to 400kt; Dongying Fangyuan Nonferrous Metals Co. Ltd - 300ktpy copper smelting project planned and refining capacity expansion to 400ktpy; Yunnan Copper Industry (Group) Co. Ltd - 200ktpa expansion refining project on stream in H1’10, additional 170ktpa smelting capacity commissioning in H1’10. - Caroline Millar

Tags: china, top, copper, producers, expansion

by: Caroline Millar

Electricity industry looks to a green electric future

Thu, 10 Dec 2009 15:49:15 -0000

Highlights and Sticky Notes:

Carbon capture and storage remains a nascent technology: no one has yet proved that an integrated process can work on a commercial scale. But the US, Canada, Australia, the European Union and others have pledged billions of dollars to back demonstration projects. This suggests commercial deployment could be possible around 2020.

Even so, any transition to carbon-free generation will take decades. Low-carbon technologies are generally more expensive than fossil-fuel plants: some, such as offshore wind, are a lot more expensive. And with wind, power generation will not be constantly available. Britain, which is backing Europe's fastest expansion of wind power, is building into its plans for 2030 a huge margin of spare generation capacity which can be used when there is no wind.

Tags: trends, copper, carbon

by: Colin Bennett

Kazakhstan - Kazakhmys to invest $5bn in copper production, refining

Thu, 10 Dec 2009 10:15:06 -0000

Comments:

Kazakh copper giant Kazakhmys plans within the next five to six years to invest $4bn in its copper deposits at Bozshakol and Aktogai - which will allow an average 30% increase in capacity - and a further $1bn in refining facilities. Kazakh state welfare fund Samruk-Kazyna, a Kazakhmys shareholder, said in October that China's Development Bank could lend Kazakhmys between $1.5bn and $2bn to finance the Bozshakol project. - Caroline Millar

Tags: kazakhstan, kazakhmys, invest, copper, production, refining

by: Caroline Millar

New drive to harness wave power - Video

Wed, 09 Dec 2009 13:00:28 -0000

Highlights and Sticky Notes:

The European Marine Energy Centre at Stromness is playing host to nearly a dozen experimental devices designed to capture the energy of the tides and the waves.

Tags: trends, copper, wave

by: Colin Bennett

China - November copper imports seen flat, or less

Wed, 09 Dec 2009 10:53:54 -0000

Comments:

China's imports of unwrought copper and semi-finished copper products are unlikely to recover in November, according to Zhu Yanzhong, an analyst at Jinrui Futures, a subsidiary of top smelter Jiangxi Copper. Imports are expected to be flat, or fall slightly from the previous month, limited by strong LME prices and abundant domestic supplies. Traders estimate refined copper imports (the most popular) will be 150,000-160,000t in November (against 169,374t in October). - Caroline Millar

Tags: china, copper, imports, november

by: Caroline Millar

UK signs up to North Sea supergrid vision

Tue, 08 Dec 2009 12:37:12 -0000

"Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry.

UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels."

Comments:

"Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry.

UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels." - Colin Bennett

Highlights and Sticky Notes:

Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry.

UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels.

Tags: trends, copper, wind

by: Colin Bennett

Irish wind farms to connect to Euro 'Supergrid'

Tue, 08 Dec 2009 12:36:23 -0000

Highlights and Sticky Notes:

The Initiative will examine the construction of an offshore wind energy grid, or 'Supergrid' in the North and North West Seas which it hopes will play an important part for Europe to meet the EU's 20-20-20 targets

Tags: trends, copper, wind

by: Colin Bennett

Japan - J-Power Systems’ overseas expansion

Tue, 08 Dec 2009 10:01:12 -0000

Comments:

J-Power Systems, the high-voltage cables jv between Japan’s Sumitomo Electric Industries and Hitachi Cable, is currently preparing to manufacture cables abroad in India and Saudi Arabia and says its new mid-term plan for fiscal 2010-2015 will increase the ratio of overseas sales from 40% to 50%. It is also considering adding two more overseas production factories. - Caroline Millar

Tags: japan, j-power, hv, cables, india, saudi, arabia

by: Caroline Millar

Japan - SWCC Showa Group continues to reorganise its wire harness business

Mon, 07 Dec 2009 11:41:30 -0000

Comments:

Japan's SWCC Showa Holdings says its domestic wire harness production subsidiary, Daiji, will close its Itami plant in Japan, to integrate the operation into its Okayama plant. In October, two wire harness production subsidiaries in Dongguan, China, were integrated into a single plant (Dongguan Showa Interconnect Products). The ongoing reorganisation is a response to the trend in recent years for Showa's main wire harness customers - Japanese electric appliance makers - to transfer operations to China and Southeast Asia. - Caroline Millar

Tags: japan, swcc, showa, daiji, wire, harness

by: Caroline Millar