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Tongling Nonferrous Metals Group Co., Ltd. has announced that it will invest more than 220 million yuan in Tongling Nonferrous Stock Copper Semis Co., Ltd. As a result, the registered capital of its 100% owned subsidiary will rise from 60 million yuan to 280 million yuan. The subsidiary will be renamed to Tongling Nonferrous Tongguan Electronics Co., Ltd. It will engage in "the processing of copper semis such as enamelled wires, cables, phosphorus copper balls and other copper wire".

CHINA will not approve new aluminum plants or expansion projects for the next three years as part of a plan to revitalize the nonferrous metals industry. The government also aims to create three to five major nonferrous metals companies by 2011, with the top 10 domestic players controlling 90 percent of copper production, 70 percent of aluminum, 60 percent of lead and 60 percent of zinc in their respective markets, the State Council, China's Cabinet, said yesterday. A draft of the nonferrous sector rejuvenation plan was unveiled in February when it was approved.

China's production of major nonferrous metals including copper, aluminum and lead has continued to be on the high rise this year. According to data from the China Nonferrous Metal Association

"Recently, carbon-free copper smelting technology, a technology with full independent intellectual property rights, has passed expert examination organized by China Nonferrous Metals Industry Association (CNIA) in Dongying, Shandong province. It is the first time zero-carbon emissions in the copper melting process has been realized and also opens a new gate for low-carbon development of China's nonferrous metals industry."

SMS Meer of Germany announced on 8th November that it had received an order from Tongling Nonferrous Metals Group for a CONTIROD casting and rolling plant for the production of copper wirerod. The new wirerod line can produces 225,000t/y of copper wirerod from cathode. The news follows an announcement from Tongling Nonferrous Metals that it is planning to expand production in its smelting division to become China's largest copper smelter. The company, which produces copper cathode as well as end products such as semis and rod, said it is planning to raise smelting output by 400,000t/y. This is equivalent to 50% of production and would take total output to 1.2Mt/y, overtaking China's current largest smelter Jiangxi Copper.

Amid a prolonged economic slump, South Korea's imports of six major nonferrous metals decreased in the first half of this year compared with the same period last year.

Amid a prolonged economic slump, demand for nonferrous metals and processed products of them is staying below the previous year's level but the consumption of raw materials including scrap is up

South Korea has experienced a sharp decrease in its entire copper semis range production in November 2008 according to the Korean Nonferrous Metal Association. Copper wirerod totalled 46,007 tonnes, falling by 18% y-o-y. Copper plate and strip plunged by almost 42% y-o-y to 10,744 tonnes. Copper tube also declined by approximately 26% to 9,448 tonnes, while copper and copper alloy bar production fell to 16,191 tonnes, a decline of approximately 8%. Overall, copper semis production in November 2008 dropped by 21.4% y-o-y. For the first eleven months of 2008, copper semis output amounted to 1,097,154 tonnes compared to 1,193,092 tonnes from the same period in 2007, declining by 8%. The economy has been hit by shrinking exports and weakening domestic demand. In response to the downturn, the government announced that it will invest 50 trillion won within the next four years in infrastructure and environment projects.

According to Antaike, Guangxi Nonferrous Secondary Metals' 200ktpy copper wirerod project was approved by Guangxi Development and Reform Commission. Guangxi Nonferrous is mainly engaged in recycling and processing of copper and copper related products.

It was reported that Chinalco Luoyang Copper Co. Ltd. plans to boost production of copper semis in 2012. Output at the electronic copper strip plant is set to reach 55,000t this year. Overall, the company intends to produce 150,000t of nonferrous metal semis in 2012, up from 114,000t in 2011. Chinalco Luoyang Copper has a total nonferrous semis production capacity of 240,000t/y.

Daye Nonferrous Metals Company, China's fifth-biggest copper producer, is likely to expand copper mine resources after a 1 billion yuan ($145.92 million) cash investment from Yangtze Power Co Ltd.

According to data released by the Shanghai-based nonferrous metals data provider Metalease, 18 major copper tube makers in China were operating at 35% capacity in January, in response to plummeting demand. Business activity has also been affected by the Chinese New Year festivities. The plants, which have a combined capacity of 978,000 t per year, consumed 28,000 t of refined copper in January compared to their consumption capacity of 81,500 t per month. Even though the Chinese government has increased the export tax rebate for copper tubes of diameter of less than 25 mm, the 18 copper tube producers exported only 21% of their total output in January, compared with 26% in December.

Daye Nonferrous Metals Co. announced the commissioning of its copper fabrication project on 4th August 2011. The development of the project required an investment of RMB2.1B and is set to reach a production capacity of 300,000t/y.

According to the China Nonferrous Industry Association (CNIA), China's copper fabricating capacity will increase from 12Mt/y today to 16Mt/y in 2015. In 2010, China's fabricating capacity was 12Mt and output was 10Mt. By 2015, CNIA forecasts an additional copper fabricating capacity of 1.5Mt of copper wire, 1.2Mt of copper plate and 450,000t of copper tube.

"China's Ministry of Commerce did not release any export quotas for rare earth, tungsten, and molybdenum in a notice specifying the first group of export quotas for nonferrous metals issued December 29, 2014."

The US-based Copper and Brass Servicenter Association, a trade group representing primarily North American brass mills, reported that shipments of brass mills products amounted to 19.68Mlb (8,927t) in September, a decline of 14.9% from August and an annual decline of 8.1%. Shipments of copper sheet fell by 21.7% m-o-m or 961,000lb to 3.45Mlb (436t to 1,565t) and copper rod declined by 14.4% m-o-m or 807,000lb to 4.77Mlb (366t to 2,164t). Shipments of brass sheet and alloy tube also registered declines in September compared to the previous month, 6.9% m-o-m and 37.4% m-o-m respectively. The survey reported that half of participants expected orders to fall in the coming quarter compared to the previous quarter. When asked about lead times, half of the suppliers surveyed reported that their lead times had shortened in September compared to the previous three months.