Trends's feed | Diigo Group

China – Increased copper imports for September

Wed, 15 Oct 2008 13:58:59 -0000

Chinese imports of copper and copper products in September increased by 20% from August, reaching 213,782 metric tons. Purchases are supposed to satisfy steady domestic needs. ‘’We expect September’s level to be sustained for the remainder of the year as Chinese demand appears to be holding well despite a slowdown in the west,’’ said Cai Jinrong, an analyst at Wanxiang Resources Co. Amid the credit crisis, copper prices have fallen by 27% in London and by 23% in Shanghai during the last two months.

Tags: china copper imports

Posted by: pkotsera

"Chinese aluminium producers are now making operating losses"

Wed, 15 Oct 2008 10:36:32 -0000

Mr Albanese said there had been a marked reduction in Chinese commodity demand from the overheated levels of 2007 and added that the “vast majority of Chinese aluminium producers are now making operating losses.”

Tags: aluminium copper rio trends

Posted by: bennett

Third quarter 2008 operations review - Rio Tinto

Wed, 15 Oct 2008 07:49:08 -0000

"In the near term, the Chinese economy is pausing for breath. China is not completely insulated from an OECD recession and we will see an impact on Chinese exports. However, the near term slowdown of growth is substantially due to tightening of monetary policy introduced by the Chinese government last year in order to tackle inflation. Furthermore, we expect third quarter economic data to show an exaggerated slowdown, reflecting the postponement of projects during the Olympics. Looking further out, Chinese GDP will remain largely driven by the domestic economy and we expect industrialisation and urbanisation to continue apace with strengthening demand across a range of Rio Tinto products.

Tags: china copper rio trends

Posted by: bennett

Organic Battery Design Mimicking Eel - 28% More Efficient | Batteries | The Green Optimistic

Wed, 15 Oct 2008 07:40:43 -0000

It’s clear that you won’t soon hear that an electric car is being powered by eel-inspired technology, but the main advantage of this type of chemical battery in medical purposes usage is that if it breaks, “there are no toxins released into your system. It would be just like any other cell in your body.”, says Xu.

Tags: battery copper trends

Posted by: bennett

Steel makes case for place in low-carbon economy - vnunet.com

Tue, 14 Oct 2008 08:11:08 -0000

Unveiling its annual sustainability report last week, the World Steel Association said that more than 56 steel producers had provided the organisation with data on their carbon emissions, representing 60 per cent of its members' steel production and almost a third of total global steel production.

Tags: copper emissions steel trends

Posted by: bennett

Copper mining deal falls through

Tue, 14 Oct 2008 08:06:28 -0000

Plans have fallen through by an Australian company to reopen a zinc and copper mine at Parys Mountain on Anglesey.

Tags: copper junior mining

Posted by: bennett

How Codelco's CEO views the copper market

Mon, 13 Oct 2008 11:13:41 -0000

Jose Pablo Arellano, CEO of Codelco, the world’s biggest copper producer based on Chile, said that in view of falling demand, the market will be in surplus in 2009. He believes it will take 18 months for the market to recover and, consequently, for the copper price to return to its previous rising pattern. Even though Chinese demand is currently weak, it is expected that it will turn bullish again since there are significant prospects in the market. ‘’Construction in China is domestically driven and the government is trying to stimulate that sector and has to fight unemployment. There is less of a concern now in China over inflation; the government is loosening up its policies and spending more, which means projects will continue.’’

Tags: china codelco copper demand

Posted by: pkotsera

Linderme Tube Co Shuts Down Ending 81 Years of Operation

Thu, 09 Oct 2008 10:12:36 -0000

Comments:

Linderme Tube was a manufacturer of copper and aluminium products. The company was founded in 1927 and employed some 81 people, mostly residents of Euclid and Cleveland. According to a Linderme spokesman, the company has sold all its assets to Small Tube Products Co. and ended production on 1st October. Small Tube Products is a leading North American producer of copper and specialty alloy tubes. It was acquired by Wolverine Tube in July 1994 and was sold recently based on Wolverine’s decision to focus on its core products. posted by skeung

Tags: alloy copper tube

Posted by: skeung

Silver-Zinc Rechargeable Battery to be Unveiled Today at Batteries 2008 Conference | Batteries | The Green Optimistic

Wed, 08 Oct 2008 13:34:03 -0000

Silver-zinc battery chemistry is currently poised to move into the commercial marketplace for use in consumer electronics. This new silver-zinc battery chemistry uses the latest in advanced polymers, nano-technology, power electronics and processing methods to create a battery that surpasses other rechargeable batteries for notebook computers, mobile phone and consumer electronics applications.

Tags: battery copper nanotechnology trends

Posted by: bennett

Aluminium Giant Picks its Moment to Buy $15 Million of New Shares in Ascent Solar

Wed, 08 Oct 2008 08:22:56 -0000

Comments:

10/08/2008 - Norsk Hydro is pouring $15 million into Colorado based thin-film module developer Ascent Solar, raising its stake back up to the 35% figure it had before Ascent's secondary share issue in May.. posted by bennett

Tags: copper solar trends

Posted by: bennett

Norddeutsche to expand copper scrap recycling by 2011

Tue, 07 Oct 2008 15:20:35 -0000

Norddeutsche Affinerie is to invest €62.5M to increase by 60% its copper scrap recycling capacity in Lünen, Germany by 2011.

The investment will double the firm’s capacity to process complex copper-bearing scrap such as shreddings, powders and electrical scrap to 140,000t/y, bringing total scrap recycling capacity up to 350,000t/y from 220,000t/y currently. The scrap will be processed into copper cathode.

The investment will see the installation of a second smelting furnace, and a waste gas purification plant in Lünen. Norddeutsche’s current secondary smelter in Lünen uses a range of scrap, whilst its Hamburg plant uses copper concentrate and a small percentage of high-grade scrap.

Electronic scrap availability has increased in Europe as end-of-life regulations have been introduced for its disposal.

Comments:

Norddeutsche Affinerie AG (NA) said it is expecting at least EUR40 million of synergies each year from the takeover of Cumerio which was completed in March this year. The company said that it will benefit from the transfer of best practice between the two companies while cost savings mainly come from logistics and process optimization. NA also plans to increase production at its Cumerio smelters. The company expects further acquisition opportunities in Europe and in other parts of the world, including Asia. NA plans to expand its operations in southeastern Europe and the Black Sea region to capitalize on its strong economic growth before looking for growth opportunities outside Europe. In Bulgaria, the company currently expands copper cathode production capacity of its Pirdop smelter to 180,000 tonnes per year. posted by skeung

Tags: copper europe norddeutsche scrap

Posted by: jrtomlins

Copper -- the Metal We Can't Live Without

Mon, 06 Oct 2008 15:01:32 -0000

So how can copper help? Earlier this year, the U.S. Environmental Protection Agency (EPA) approved the registration of 275 copper alloys as antimicrobial materials, allowing public health claims that copper, brass and bronze are capable of killing potentially deadly bacteria, including methicillin-resistant Staphylococcus aureus -- the so-called "superbug" MRSA, which is blamed for many hospital infection deaths.

Tags: antimicrobial copper trends

Posted by: bennett

New Russian wirerod plant in Nizhni Novgorod

Mon, 06 Oct 2008 14:38:57 -0000

The Nizhni Novgorod Copper Company will invest around RUB800M (US$32M) in a copper wirerod plant in Dzerzhinsk, in the Nizhni Novgorod region of Russia. The plant is expected to have an annual capacity of 25,000t/y, and will use 26,000t/y of copper scrap. Commissioning is expected in late 2010.

Tags: copper russia wire rod

Posted by: jrtomlins

Japan - scrap trading falls due to slowing economy

Mon, 06 Oct 2008 10:53:43 -0000

Many Japanese scrap dealers have reduced their shipments to copper alloy fabricators by more than 20% in October due to falling demand. Copper fabricators have decreased their scrap purchasing volumes because of weaker semis output. A number of brass bar makers decreased their buying volume of brass turning scrap by more than 30% in October.

From the supply side, copper scrap generation has been tight. Scrap availability has been falling since July and that has triggered competition between scrap dealers to maintain adequate levels of inventory, which resulted in a spike in the market price in September.

Tags: copper japan scrap trends

Posted by: pkotsera

Mitsui Mining and Smelting Develops New Silicon-Based Anode for Li-Ion Batteries

Mon, 06 Oct 2008 10:20:20 -0000

Mitsui Mining & Smelting addressed this by covering the silicon with thin copper and creating a structure with spaces to accommodate the swelling of the cell inside its negative electrode.

Tags: battery copper mitsui trends

Posted by: bennett

New Copper Law Intended To Cool Off Air-Conditioner Thefts

Mon, 06 Oct 2008 08:02:53 -0000

State lawmakers had victims like Moore in mind when they passed legislation that requires scrap-metal dealers to keep track of people they buy copper from. The law went into effect this week.

Tags: copper law theft trends

Posted by: bennett

Nano exit a blow to industry-India Business-Business-The Times of India

Mon, 06 Oct 2008 08:01:47 -0000

Tata group's decision to pull out the Nano project from Singur is a huge blow to not only the automobile sector, but also the entire industry.

Tags: automotive copper trends

Posted by: bennett

Credit crisis make precious metals juniors prime acquisition targets

Fri, 03 Oct 2008 10:21:06 -0000

“Cash is now king and grassroots exploration is ill-advised until market sentiment improves,” Haywood Securities warned junior mining sector investors. Nevertheless, Haywood views current valuations “as a fishing opportunity.”

Tags: copper finance mining trends

Posted by: bennett

Despite solid mining outlook, credit quality cools for Australian miners

Fri, 03 Oct 2008 10:20:23 -0000

S&P is factoring into its mining sector credit ratings a weakening of demand for mining and metals in Europe and the United States "and concerns that this will have a flow-on effect to other emerging markets."

Tags: copper finance mining trends

Posted by: bennett

Copper falls to 18-month low on bank crisis

Thu, 02 Oct 2008 09:07:23 -0000

Copper hit an 18-month low on Tuesday before trimming losses as recession fears grew after the U.S. Congress voted down a rescue plan for troubled banks.

Tags: copper price trends

Posted by: bennett