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The Commerce Department’s International Trade Administration has extended to September 21 the deadline for rebuttal comments in an anti-dumping duty administrative review on seamless refined copper pipe and tube from China at the request of exporters/producers GD Copper, Golden Dragon Holding (Hong Kong) International, Golden Dragon Precise Copper Tube Group and Hong Kong GD Trading.

Speculation has centred on two Chinese firms – Chinalco Mining Corp, a subsidiary of China's state-run aluminum group, and Hong Kong-listed MMG – who may be weighing rival bids for the three Las Bambas open pits which will also produce significant quantities of gold, silver and molybdenum as by-product.

A copper mine joint venture between Metallurgical Corp of China (MCC) (1618.HK: Quote) and Jiangxi Copper (0358.HK: Quote) in Afghanistan is expected to start production of copper concentrates in 2013, an executive at MCC Tongsin Resources Ltd said on Wednesday. The first phase of the Aynak copper mining project would have a designed capacity of 200,000 tonnes of copper in concentrate, said Zeng Tao, sales manager of the copper and zinc unit of Hong Kong-listed MCC. He said capacity would be expanded to 500,000 tonnes in the second phase but did not provide a timeframe for completion. MCC was also considering building a smelter at the site, he added.

Huawei, the telecom gear maker, today said it has achieved speeds of 700 Mbps over DSL using a prototype shown in Hong Kong: the fastest DSL we’ve seen

The IPO in London and Hong Kong is set to be the largest in history for the UK market and the third largest in Europe – only the privatisations of Deutsche Telekon and Enel of Italy in the late 1990s were bigger. In the process it will transform a highly publicity shy company into a publicly listed $60bn giant, with all the attendant glare. Unsurprisingly bankers – whether involved in the deal or not – consider it the event of the year whose importance reaches beyond the capital markets.

The company blamed poor lighting sales on the anaemic construction industry in developed countries, and said its gross sales in lighting would grow in the low single digits. But production capacity is being severely underutilised due to low demand, mainly in western Europe. Margins in the company’s lighting division fell to some 4 per cent, well below the 10 per cent margin in the first quarter.Philips also said low consumer demand in western Europe had hit its consumer products revenues. It also noted some impact from the expected spin-off of its television division to Hong Kong-based TPV, which it announced in April. The company will report that the audio-visual and media section of its consumer products division has fallen into the red. An analyst said Philips officers had told him that the spin-off of the TV business had created customer and retailer uncertainty and led to falling TV sales, which also hurt knock-on sales of other audio-visual products.