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Colin Bennett

2013 Saw Record Levels of Investment in Transmission and Distribution - 0 views

tdworld.com/...-transmission-and-distribution

trends copper infrastructure utility

shared by Colin Bennett on 22 Jan 15 - No Cached
  • Colin Bennett on 22 Jan 15
     
    "Investor-owned electric utilities and stand-alone transmission companies invested a record $37.7 billion in transmission and distribution infrastructure in 2013, according to new survey results released this month by the Edison Electric Institute (EEI)."
Colin Bennett

Global and China Low and Medium-voltage Inverter Industry - 0 views

www.yourelectricalequipmentnews.com/report%2C+2013-2016_36589.html

trends copper inverters China

shared by Colin Bennett on 09 Mar 15 - No Cached
  • Colin Bennett on 09 Mar 15
     
    "At present, the market share of foreign manufacturers in the Chinese low and medium-voltage inverter market exceeds 70%. In 2013, the top 5 low and medium-voltage inverter manufacturers by market share were all foreign companies, namely ABB, Siemens, Yaskawa, Delta Electronics and Schneider Electric, of which the market share of ABB and Siemens were 16.6% and 15.4%, respectively."
Matthew Wonnacott

China's year-to-date imports of copper and copper semis falls 27.8% - 0 views

www.miningweekly.com/...-151-on-lunar-break-2013-03-08

copper trends China imports

shared by Matthew Wonnacott on 08 Mar 13 - No Cached
  • Matthew Wonnacott on 08 Mar 13
     
    Chinese imports of unwrought copper and copper semi-manufactured products fell 38.5% y-o-y in February to 298,102t, although this was partially distorted by the timing of this year's Chinese New Year holiday. Year-to-date imports of unwrought copper, a measure less distorted by the timing of the Chinese New Year holiday, fell by 27.8% y-o-y from the same period a year earlier to 649,062t. According to a report from Reuters, Chinese importers have signed less annual contracted volumes in 2013 and imports of refined copper are expected to be at lower levels for the remainder of the year.
Colin Bennett

World Economic Forum - Global Risks 2013 - 0 views

reports.weforum.org/...survey-findings

trends copper resource nationalism

shared by Colin Bennett on 27 Mar 13 - No Cached
  • For each of the 50 global risks, respondents were asked to assess, on a scale from 1 to 5, the likelihood of the risks occurring over the next 10 years and the impact if the risk were to occur.
Colin Bennett

Alcoa Named Aluminum Industry Leader for 2013 - 0 views

www.alcoa.com/...news_detail.asp

trends copper aluminum substitution

shared by Colin Bennett on 28 May 13 - No Cached
  • Alcoa (NYSE:AA) was presented with the Industry Leadership Award for Aluminum at the inaugural Platts Global Metals Awards, sponsored by Platts, a leading global provider of energy, petrochemical and metals information. Alcoa was recognized for taking decisive action resulting in a substantial transformation or change of direction in the aluminum industry.
Colin Bennett

Congo bans copper, cobalt concentrates exports - 0 views

www.mining.com/alt-concentrates-exports-96378

trends copper Congo

shared by Colin Bennett on 18 Apr 13 - No Cached
  • The Democratic republic of Congo has blocked exports of unrefined copper and cobalt concentrates in an effort to push miners to add value to the commodities, before shipping them outside the country, Mines Minster Martin Kabwelulu told Bloomberg
Olivier Masson

Brazil March Copper Wire Exports Plunge 41.6% YoY - 0 views

www.metalbulletin.com/...-plunges-416-year-on-year.html

copper wire cable

shared by Olivier Masson on 18 Apr 13 - No Cached
  • Olivier Masson on 18 Apr 13
     
    Brazilian refined copper wire exports fell sharply year-on-year in March as Argentina and Costa Rica continued to reduce shipments. Exports for the month totalled 1,848 tonnes, down 41.6% from the same period last year, according to figures from the country's trade ministry. The figure was up from the 1,446 tonnes exported in February. However, combined exports for the first quarter of 2013 stood at 6,220 tonnes, down 47.1% year-on-year. Export revenues stood at $15.09 million, compared with $27.62 million in March 2012. Wire thinner than 6mm accounted for 1,135 tonnes of the exports, whereas other kinds of refined copper wire accounted for 712 tonnes. As in the previous month, Argentina was the main Brazilian copper wire buyer with 1,311 tonnes, although this total was less than the 1,835 tonnes it imported in March 2012. Costa Rica, the second main buyer, registered 203 tonnes, compared with 402 tonnes in the same month last year.
Colin Bennett

Lockheed Martin Thermal Energy China - 0 views

www.lockheedmartin.com/...ing-into-the-oceans-power.html

trends copper China renewables

shared by Colin Bennett on 03 May 13 - No Cached
  • Lockheed Martin recently entered into an agreement with Reignwood to develop and build a 10-megawatt Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. The memorandum of agreement between the two companies was signed in Beijing on April 13.
Colin Bennett

Rusal confirms Asia focus - 0 views

www.metalbulletin.com/...ressure-European-premiums.html

trends Copper aluminum

shared by Colin Bennett on 12 Feb 13 - No Cached
  • “While the USA, China and the rest of Asia are expected to drive aluminium demand in 2013, our view on the European consumption of aluminium remains negative for 2013,” Rusal said.
Colin Bennett

Aluminum 'essentially balanced in 2013' - Alcoa exec - 0 views

www.metalbulletin.com/...alanced-in-2013Alcoa-exec.html

trends Copper aluminum production demand

shared by Colin Bennett on 22 Jan 13 - No Cached
  • The global aluminium market will be more or less balanced in 2013, with most of the production and demand growth this year to come from China, a senior executive at US producer Alcoa Inc said.
Colin Bennett

Freeport to boost Grasberg copper ore output - 0 views

www.metalbulletin.com/...rasberg-copper-ore-output.html

trends Copper FMI

shared by Colin Bennett on 25 Jan 13 - No Cached
  • Freeport-McMoRan Copper & Gold will increase daily ore output at its Deep Ore Zone Grasberg Mine in Indonesia to 80,000 tonnes per day by the end of 2013. This will be a 60% increase from the 2012 rate of around 50,000 tpd, which will help bring 2013 copper sales to 1.1 billion lb.
Matthew Wonnacott

Japanese brass mill output falls 6.7% in 2012 - 1 views

www.reuters.com/...r-rolled-idUSL4N0AU2VD20130125

Copper trends Japan brass mills

shared by Matthew Wonnacott on 25 Jan 13 - No Cached
  • Matthew Wonnacott on 25 Jan 13
     
    According to preliminary data released by the Japan Copper and Brass Association, Japanese output of brass mill products declined by 5.5% y-o-y in December, to 57,523t. If the data remains unchanged, this would see the overall output of Japanese brass mill products in 2012 fall 6.7% y-o-y. This is roughly in line with the rate of decline predicted by Tetsu Takahashi, President of the association, in a December announcement. The association is more positive on the prospects for 2013 suggesting that output could expand by 4%, supported by a weaker Yen and more accommodative government policies.
Matthew Wonnacott

Encore Wire's income falls in 2012, 2013 expected to be better - 0 views

www.metalbulletin.com/...-income-falls-605-in-2012.html

Copper trends wire US

shared by Matthew Wonnacott on 22 Feb 13 - No Cached
  • Matthew Wonnacott on 22 Feb 13
     
    Texas-based wire manufacturer Encore Wire saw its net income fall by 65% in 2012 to US$19.8M, as reduced prices for building wire pressured margins. The spread the company earns between the sale price of wire and the cost of purchasing raw material, mostly copper, fell by 9.4% in 2012. The company's CEO said that the fourth quarter of 2012 "was another fairly steady volume quarter, considering the time of the year and the current economic and construction industry environment." Encore is more optimistic about the operating environment in 2013 and CEO Daniel Jones said most of Encore's electrical distributor customers have lean inventories so demand should be stronger.
Matthew Wonnacott

CRU analyst sees Chinese consolidation and substitution weighing on demand - 0 views

Platts

trends copper China substitution

shared by Matthew Wonnacott on 12 Dec 12 - No Cached
  • Matthew Wonnacott on 12 Dec 12
     
    An official from SDI La Farga LLC's said on 11th December that the company is producing limited amounts of wirerod at its new US $39M plant in New Haven, Indiana. The new facility, a joint venture between Spain's La Farga Group and Steel Dynamics Inc, produces wirerod from number 2 scrap copper rather than cathode. The company official said "we've produced quality rod and are in the process of getting approval of customers and we have done so with several customers." He added that plant officials are "waiting for more customer orders to start producing more".
  • ...3 more comments...
  • Matthew Wonnacott on 07 Jan 13
     
    According to a US-based cathode seller, US downstream users of copper cathode are hesitant to sign long-term contracts in 2013, believing that there will be sufficient cathode available on the market for last-minute purchases. The report also cited a downstream user as saying that he believes that absent of transport costs, premiums on annual contracts might have been lower in 2013 compared to 2012. However, the report cited the downstream user as saying he preferred to take cathode from merchants due to the "more lenient" payment terms, whereby he received 10-30 days net credit on annual deals, as opposed to cash-on-payment for spot deals.
  • Matthew Wonnacott on 09 Jan 13
     
    Quanshun copper announced on 8th December that it has begun production at its new 100,000t/y semis plant in Xinxiang City, Henan province. The new facility is capable of producing 50,000t/y of oxygen-free copper wirerod, 20,000t/y of copper bar, 10,000t/y of transposed conductors (copper strips) and 10,000t/y of other specialist copper semis for the electronics industry. The new production capacity, which was built at a cost of RMB700M (USD112M), is aimed at serving the Chinese domestic market, however, a source at the company did not rule out exporting in the coming years.
  • Matthew Wonnacott on 01 Mar 13
     
    According to an official from the Delixi group, the company plans to build a new 400,000t/y copper wirerod plant in Zhangpu town, Jiangsu province. The total investment in the new plant will be around RMB3.6bn (US$573M), although the official declined to disclose the timeline for the project. According to the company's website, it specialises in the manufacturing of electric power transmission and distribution appliances.
  • Matthew Wonnacott on 27 Mar 13
     
    Anhui Jincheng, the Shanghai-listed producer of copper PSSF, said on 26th March that it produced 93,872t of copper PSSF in 2012, a 13% y-o-y increase from 2011. Despite the increase in output, the company made a net loss of RMB57M in 2012 from a profit of RMB24M in 2011 (loss of US$9M from a profit of US$3.8M). Remarking on the results the company said that "uncertainties in the global economy, the euro debt crisis, plus the weak Chinese economy, has negatively impacted demand by the downstream processing sector last year."
  • Matthew Wonnacott on 12 Apr 13
     
    Talking at the annual CESCO/CRU World Copper Conference, CRU Principal Consultant Vivienne Lloyd said that up to 2Mt of copper demand could be lost over the next five years due to substitution and consolidation amongst Chinese semis producers. Lloyd said that the areas under the greatest threat from substitution are the automotive wiring harness sector and the HVAC sector. However, CRU believes that the aluminium/copper price ratio is likely to have peaked in 2012 at around 4:1, and will fall back gradually to 2017 reaching 3:1, which should relieve some of the substitution pressures.
Matthew Wonnacott

Henan Golden Dragon to open a new high precision copper tube plant - 0 views

Antaike

copper trends China tube

shared by Matthew Wonnacott on 13 Dec 12 - No Cached
  • Matthew Wonnacott on 13 Dec 12
     
    Yangzhou Baosheng Copper Industry, a large Chinese manufacturer of wire and cable, announced on 12th December that it had placed an order with Germany's SMS Meer for a CONTIROD system to be installed at its plant in Baoying, Jiangsu province. The new system, which has a capacity of 48t/h, will come into action in 2014 and will enable the company to expand its range of products.
  • ...3 more comments...
  • Matthew Wonnacott on 28 Dec 12
     
    Guangyuan Copper Co., a Chinese producer of oxygen-free copper wirerod, announced on 25th December that it has fully opened its new facility based in the Yingtan Hi-Tech Industry Zone in Jiangsu, China. The new facility, which has been running on a trial basis since September 2012, is expected to produce 10,000t/y of high purity oxygen free copper wirerod.
  • Matthew Wonnacott on 20 Feb 13
     
    According to data from the Jiangxi Commission of Industry and Information, 2012 output of copper semis in the Chinese province of Jiangxi was 2.09Mt, a 24.5% increase on 2011. According to the Commission there are 286 copper companies with revenue above RMB5M (US$795,000) in Jiangxi, including China's largest integrated smelter and semis producer Jiangxi Copper Co.
  • Matthew Wonnacott on 07 Mar 13
     
    Chinalco Shanghai Copper Co, a subsidiary of China Aluminium Group Corporation, will produce 45,000t of flat-rolled copper plate and strip in 2013, according to a source from the company. The company has copper plate and strip production capacity of around 70,000t/y according to Antaike, suggesting a utilisation rate of around 64% for the year. Chinalco Shanghai Copper Co also produces copper foil at its Baoshan-based production facility and currently has a capacity of 20,000t/y.
  • Matthew Wonnacott on 13 Mar 13
     
    According to an annual survey from Antaike, operating rates at Chinese copper fabricators were on average 2.66 percentage points lower in 2012 than in 2011. The sector that saw the largest slow down in utilisation was the copper tube sector, down 7.27 percentage points in 2012, due to low operating rates in air conditioner sector denting the demand for copper tube in China. Wire manufacturers and foil manufacturers were reported to have fared better in 2012, with utilisation rates rising modestly.
  • Matthew Wonnacott on 13 Mar 13
     
    Henan-based Golden Dragon Precise Copper Tube (Henan Golden Dragon), the world's largest manufacturer of commercial copper tube, will open a new 30,000t/y high precision copper tube factory in July 2013. Henan Golden Dragon begun production of the facility in May 2012 and have invested a total of RMB 380M (USD60.5M). The factory will produce high precision copper tube.
Colin Bennett

Global Innovation Index 2013 - 0 views

www.globalinnovationindex.org/content.aspx

trends copper

shared by Colin Bennett on 08 Jul 13 - No Cached
  • Despite the economic crisis, innovation is alive and well. Research and development spending levels are surpassing 2008 levels in most countries and successful local hubs are thriving. A group of dynamic middle- and low-income countries – including China, Costa Rica, India, and Senegal - are outpacing their peers, but haven’t broken into the top of the GII 2013 leader board
Colin Bennett

Top 100 Wire & Cable Producers by Revenue - 1 views

www.integer-research.com/...-wire-cable-producers-database

trends copper cable wire ranking

shared by Colin Bennett on 19 Sep 14 - No Cached
  • So, who are the Top 10 Wire & Cable Producers? Below is a list of the Top 10 producers, for an understanding of how their positions have changed over 2012-2013, plus additional extracts from the Database, read our FREE preview chapter here >> Prysmian - see just how far ahead they are … Nexans - could they be No. 1 next year? … SEI – a solid performance compared to their disappointing 2010 revenues … General Cable - will a weak Europe hit sales next year? … Southwire - 11% growth in 2013 is impressive, but will growth continue … LS Cable & Systems - off the boil compared to a bouyant 2008 … Furukawa Electric - slightly down year on year, but not out of the running for 6th spot … Fujikura - fluctuating figures year on year make this one to watch closely … Hitachi - right on the heels of Fujikura and now part of a larger group … Leoni - just made it to the Top 10, but Xignux is very close by …
James Wright

Sweden - Aurubis commences the closure of Finspång - 0 views

www.esmerk.fi

Copper flat rolled Sweden Finspång Europe 2012 consolidation overcapacity closure Luvata

shared by James Wright on 20 Sep 12 - No Cached
  • James Wright on 20 Sep 12
     
    Aurubis issued redundancy notices to 177 employees and began relocating rolling equipment to its facilities in Zutphen, Netherlands and Buffalo, USA. Aurubis took ownership of the facility from Luvata in September 2011 when it acquired Luvata's rolled products division. However, structural overcapacity due to longterm declining demand in the European copper strip for engine cooling segment led to the operation generating losses in the past few years. In an earlier announcement on Aurubis' website, the company said that production at Finspång would be gradually reduced from mid-2013 with the company expecting to finalise the closure in late 2013.
Colin Bennett

China's electricity grid spending up in December 2013 - 0 views

www.metalbulletin.com/...d-spending-up-in-December.html

trends copper China infrastructure

shared by Colin Bennett on 16 Jan 14 - No Cached
  • China’s spending on its electricity grid rose 1.36% year-on-year in December 2013, with copper demand from the country’s power sector expected to remain robust this year.
Colin Bennett

The Global Economy in 2014, by Christine Lagarde, Managing Director, International Mone... - 0 views

www.imf.org/...011514.htm

trends copper economy

shared by Colin Bennett on 16 Jan 14 - No Cached
  • In just a few days, we will be releasing our updated forecasts. While our numbers are still being finalized, I will talk about the main trends as we see them.
  • Colin Bennett on 16 Jan 14
     
    * Momentum strengthened in the latter half of 2013, and should strengthen further in 2014-largely due to improvements in the advanced economies. * Yet, global growth is still stuck in low gear. It remains below its potential, which we think is somewhere around 4 percent. * Even for the advanced economies, however, the outlook is still subject to significant risks. With inflation running below many central banks' targets, we see rising risks of deflation, which could prove disastrous for the recovery. * During the years of crisis, we have relied on the emerging markets to keep the global economy afloat. Together with the developing countries, they accounted for three-quarters of global growth over the past half decade. However, a growing number of emerging markets are slowing down as the economic cycle turns.
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