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| Group type: | Public |
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| Started on: | 2007-08-02 |
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| Category: | Business & Finance |
| Bookmarks: | 1550 |
| Discussions: | 3 |
| Members: | 65 |
| Visits: | 4130 |
| Last active: | on 2009-07-03 |
A collection of news and analysis about trends. Trends are also known as signals.
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| Topic | Author | Posts / Visits | Last Post |
|---|---|---|---|
| Using trends for knowledge copper trends | Colin Bennett | 2 / 113 | Emil Milker on 2008-07-15 |
| Anti-trends anti trend trends | Colin Bennett | 1 / 69 | Colin Bennett on 2007-10-09 |
| Using trends trends | Colin Bennett | 2 / 76 | Hans De Keulenaer on 2007-09-21 |
Group Bookmarks View All Bookmarks»Jiangxi Sanchuan Copper Co. Ltd. started constructing its new 54kt copper semis project in Yingtan City on 16 June. The company, which manufactures products including cable, copper rod & sheet, is investing 260m yuan in the project. It expects to start operations in November 2010, and realize annual sales of 1.2bn yuan.
China has stopped stockpiling metals, according to reports in the Chinese media. Will this put the cap on the recent strength in base metals prices? The AFP reports that, "China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine reported on its website over the weekend, citing Yu Dongming, an official with the state economic planner."
Hindalco's subsidiary Birla Copper produced 145,542 tonnes of copper wirerod in the last fiscal year ended 31 March 2009, up 4.2% from 139,682 tonnes produced in the previous fiscal year. In the fourth quarter (Jan-Mar 2009) Birla made 41,347 tonnes of copper wirerod, up 15.6% from 35,781 tonnes in last year's fourth quarter.
Led by China, the developing nations of the world now consume more energy than the industrialized countries, according to the 2009 BP Statistical Review of World Energy. BP released its annual review of world energy use on June 10, noting that industrialized countries reduced their energy consumption by 1.3% in 2008, led by a 2.8% drop in the United States, marking the country's steepest single-year decline since 1982. That decrease was counterbalanced by increasing energy use in developing countries, which caused global energy consumption to increase by 1.4%.
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.
Colin Bennett
Emil Milker
Sergio Ferreira
Glycon Garcia
Panos Kotseras