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"The traction transformer market in North America is driven by the increase in electrification of railways and high deployment of high speed trains in this region. Also the enhancement in the government spending in rail infrastructure is fostering the growth of the North America traction transformers market."

The world's first commercial-scale tidal power turbine has delivered electricity into the British grid for the first time in preparation for full-scale operation, Marine Current Turbines announced yesterday. "SeaGen is the world's first commercial-scale tidal stream generating system by a large margin. It is more than four times as powerful as the world's second most powerful tidal current system, which is our own 300kW SeaFlow, installed off Lynmouth on the north Devon coast more than five years ago." Secretary of State for Energy, John Hutton said: "This kind of world first technology and innovation is key to helping the UK reduce its dependency on fossil fuels and secure its future energy supplies" Marine Current Turbines' next project, announced in February 2008, is a joint initiative with npower renewables to take forward a 10.5MW project using several SeaGen devices off the coast of Anglesey, north Wales. It is hoped the tidal farm will be commissioned in 2011 or 2012. The company is also investigating the potential for tidal energy schemes in other parts of the UK, and in North America.

"Nine European countries have today signed a major agreement to develop the world's first large-scale offshore wind energy grid in the North and Irish seas, providing a boost to the continent's fast-expanding offshore wind industry. UK energy minister Lord Hunt joined with ministers from Germany, France, Belgium, the Netherlands, Luxembourg, Denmark, Sweden and Ireland to sign the agreement on the sidelines of today's European Council meeting in Brussels."

Nexans has announced that construction of its first high voltage power cable manufacturing plant in North America has begun. The plant is sited in Berkeley County, Charleston, S Carolina. Frederic Michelland, Nexans Senior Corporate Executive Vice President said, "The establishment of our first high voltage cable manufacturing plant in North America is a key strategic development for Nexans. It will enable us to capitalize on the ever growing demand for high quality high voltage cables designed and manufactured to meet the specific needs of the major power transmission infrastructure projects planned in North America and worldwide in the coming years." The plant is to begin operations in 2014 and has an initial investment of US$85M. The first phase of the facility will focus on the manufacture of underground power cables up to extra high voltage (EHV) levels of 500 kV and the company hopes it will reinforce Nexans' current product range in North America, adding to the existing medium voltage, low voltage, overhead transmission, industrial, building wire, electrical wire and LAN portfolios.

Dwarfed by any of the north African nations, it represents an area slightly smaller than Wales but scientists claimed yesterday it could one day generate enough solar energy to supply all of Europe with clean electricity. Speaking at the Euroscience Open Forum in Barcelona, Arnulf Jaeger-Walden of the European commission's Institute for Energy, said it would require the capture of just 0.3% The scientists are calling for the creation of a series of huge solar farms - producing electricity either through photovoltaic cells, or by concentrating the sun's heat to boil water and drive turbines - as part of a plan to share Europe's renewable energy resources across the continent. A new supergrid, transmitting electricity along high voltage direct current cables would allow countries such as the UK and Denmark ultimately to export wind energy at times of surplus supply, as well as import from other green sources such as geothermal power in Iceland. Energy losses on DC lines are far lower than on the traditional AC ones, which make transmission of energy over long distances uneconomic. The grid proposal, which has won political support from both Nicholas Sarkozy and Gordon Brown, answers the perennial criticism that renewable power will never be economic because the weather is not sufficiently predictable. Its supporters argue that even if the wind is not blowing hard enough in the North Sea, it will be blowing somewhere else in Europe, or the sun will be shining on a solar farm somewhere.

Rohm and Haas Company has reported second quarter 2008 sales of $2,567 million, a 17% increase over the same period in 2007, with Electronic Materials and the chemical businesses outside North America delivering strong growth. The Electronic Materials Group comprises two reportable segments which provide materials for use in applications such as telecommunications, consumer electronics and household appliances. Sales for the Electronic Materials Group were $536 million in the second quarter of 2008, up 34% over the same period in 2007, reflecting the impact of acquisitions in Display Technologies as well as solid organic growth of Electronic Technologies. The Electronic Technologies segment is comprised of the company's Semiconductor Technologies, Circuit Board Technologies and Packaging and Finishing Technologies business units. Sales for the segment of $460 million were up 16% versus the second quarter of 2007, driven by strong growth in Asia for all business units. Sales in the second quarter excluding precious metals pass-through sales were up 15%. Semiconductor Technologies sales grew 13%, reflecting strong demand and favorable currencies, particularly in the Asia Pacific Region. Circuit Board Technologies sales increased 20% as compared to the same period last year, with solid growth in the Asia Pacific Region more than offsetting declines in North America. Packaging and Finishing Technologies sales rose 20% versus last year, primarily driven by strong growth in precious metal sales and in process sales. Adjusted pre-tax earnings for this segment of $107 million were up 11% from the second quarter of 2007, reflecting increased demand and favorable currencies, partially offset by higher metal costs and increased costs related to expansion efforts, including the new Asia Technical Center in Taiwan.\n\n\n

Growth in Asia is illustrated from this reporting at multiple levels of business - Opportunities are available for copper in a multitude of applications.

The solar industry and semiconductor industry are intimately connected. Both industries rely on silicon and both use much of the same processing technology and supply chain to produce their products. Nowhere has this connection been on better display than last week at the Moscone Center in San Francisco California, where the Intersolar North America made its debut in conjunction with SEMICON West 2008. The show provided an opportunity for those in the two industries to connect and allowed those companies that work in both spaces to showcase their collective efforts. According to Chris O'Brien, Head of Market Development and Government Relations for North America for Oerlikon Solar, holding the two conferences together gave companies greater exposure and showed the promise of the U.S. solar market. In recent months a number of traditional semiconductor companies including Intel and National Semiconductor have made announcements that they are making plans to enter the solar industry in one way or another. Intel spun off it's solar research area into a new solar company called SpectraWatt. National Semiconductor announced that it will be introducing it's first solar product, SolarMagic, that could raise the efficiency of residential and industrial solar systems. Kevin Kayser, Senior Marketing Manager at National said that he product will be targeted at installers and integrators and much planning went into the company's decision to enter the solar space. "Photovoltaics currently has less than 1% of the energy market, but we think it has potentially one of the fastest growth rates of any alternative energy source. Now certainly we're looking at wind, we're looking geothermal, we're looking at other sources, but from an electronics point of view we saw that we had the most immediate potential impact in solar photovoltaics," Kayser said.

General Cable Corporation has announced its sales results for Q4 2008. In volume terms, sales in Q4 2008 contracted by 6.3% y-o-y. In the same period, operating income decreased by 17.8% y-o-y to US$76.4 million. The company attributed the decline in its operating income to weak demand in developed economies and lower capacity utilisation. Sales to Europe and North Africa contracted by 7.8% y-o-y, particularly due to lower demand and pricing for construction products in Spain, and weakening activity across Europe. In North America sales fell by 6.6% y-o-y, as the company experienced reduced demand for high metal content copper telecommunication and low voltage cables.

US speciality brass mill Ansonia Copper and Brass Inc. has announced that it will lay off 85 of the 102 employees at its Liberty Street, Ansonia, factory in Connecticut. The plant manufactures copper alloy rod and wires. Company President Raymond McGee said "it's a very, very difficult situation". He blamed the redundancies, on top of 76 employees laid off in April 2007, on the company's struggle with escalating costs. Since 2002 electricity costs have soared 239%, natural gas 200%, fuel oil 125%, and copper and nickel 500% apiece. Ansonia's other facility in Waterbury, CT, which manufacturers copper alloy tube is unaffected by the announcement.

Further evidence of the impact of the North American economic slowdown on copper demand has recently been published by the ABMS and government statistical bodies. North American copper wirerod production plummeted 9.6% year-on-year to 174,000 tonnes in April. Output had been on a downward trend but the magnitude of the deterioration in April has still come as something of a surprise. A year-on-year increase of 2.0% in North American output January had been followed a 1.0% fall in February and a 2.7% drop in March. In April Canadian output was flat year-on-year due to improving export sales to the US, while US production fell 9.8% year-on-year and Mexican shipments slumped by 17.5%. On a year-to-date basis North American wirerod production was 2.9% lower in the four months to April 2008. Weakening demand from the automotive industry, coupled with a resurgance in copper prices and the return of Russian wirerod imports has clearly led to a deteriorating market situation for domestic mills.

Mueller Industries second quarter results highlight the tough times that the US brass mill industry is facing, but that companies can still operate profitably in a challenging market environment. The company's plumbing and refrigeration segment saw sales fall 11% to US$404m, while its operating profits dropped 32% to US$35m. The company blamed lower shipment volumes and lower spreads for the weaker performance. Sales at the company's OEM division, which includes its brass rod activities, rose 10% year-on-year to US$354m, while its operating profits rose 5% to US$19m. The improvement here is due to acquisition of Extruded Metals. Commenting on the results Harvey Karp, Chairman of Mueller Industries said "Mueller's earnings for the first half of 2008 were achieved despite the continuing decline in the housing industry, the sub-prime mortgage meltdown, the turbulence in the financial markets, rising metal costs, sky-high energy prices and a slowing national economy. Considering these adverse circumstances, we are pleased with the results."

"Geographic regions will vary significantly in their rates of investment. Emerging markets will represent the largest growth in T&D spending, with Africa and Southeast Asia the fastest growing regions as they build out new infrastructure to boost their electrification rates. However, North America and Europe will see lackluster growth in traditional T&D infrastructure spending of around 1%, but will account for the majority of smart grid spending. The individual country with the largest amount of traditional T&D spending will be India, which will outpace China by 2024. Smart grid annual spending on distribution automation will be concentrated in Europe ($11.5bn per year), followed by North America ($7.5bn) and East Asia ($6.1bn), as these regions modernize their existing electric infrastructure."

Toyota Motor Corporation announced on 5th November a sharp increase in H1 2012 revenues of 36.1% y-o-y compared with the same period in 2011. The increase was largely due to base effects associated with last year's Japanese earthquake and tsunami. As part of the announcement, Toyota revised up their annual profit forecasts to JPY1.05T from JPY1.0T (US$13.29B from US$12.66B). However, Toyota revised down overall expected 2012/13 car sales by 50,000 units. This was driven by downward revisions to Asian and European sales forecasts, 50,000 and 40,000 units, to 1.73M and 790,000 units respectively. North America was a bright spot for Toyota, with expectations for full year North American automobile sales revised up by 20,000 units to 2.4M vehicles.

Aurubis AG, the Germany-headquartered refined copper cathode and copper products fabricator, reported a weak performance in sales of copper products in the first quarter of this year. In Q1, the outputs of wirerod; pre-rolled strip; continuous cast shapes; rolled products and speciality wire reached 179,000t, 41,000t, 47,000t and 60,000t, down by 17% y-o-y, down by 15% y-o-y, up by 2% y-o-y and up by 329% y-o-y, respectively. Generally, the seasonal upswing in Q2 was weaker than expected, however, there was a mixture of performances in the sectors within each market, as some wirerod market sectors ordered strongly but European semi-fabricators and customers of strip and speciality wire continued to order shrinking quantities at late notice.

Aurubis reported a growth outlook for its copper products business unit. The company said that the performance of copper wirerod depends upon the progress of power grid expansion projects in Europe. The automotive sector is expected to continue to support growing wirerod sales for the next few months, however the enamelled wire industry is expected to remain weak attributed to poor demand in southern Europe. North American demand is anticipated to support growth in shipments of copper shapes as well as the company's market for flat copper products. In this regard, the US electronics and electrical industry, engine cooling and distribution segments are expected to continue improving. Stagnant European and Asian demand for flat copper products will partially undermine growth in North America. The company added that it does not anticipate the Asian copper products market to recover until the end of Summer 2012, at which time, demand in the US is expected to be good and demand from European-based operations will be recovering.

The Yukon Environmental and Socio-Economic Assessment Board (YESAB) has recommended that the controversial Carmacks copper mine project can go ahead, providing that the Western Copper Corporation (TSX: WRN) complies with 148 conditions to mitigate potential adverse impacts. The tiny community of Carmacks with a year-round population of 500 is still considered an important service center for mining and for transportation, a century after it was a popular rest stop for the Yukon gold rush. However, members of the Little Salmon Carmacks First Nation want Western Copper to negotiate a better environmental engineering solution as part of an Impacts Benefits Agreement with the community. Located 38km northwest of the Village of Carmacks and 192 km north of Whitehorse in the Yukon Territory, the Carmacks copper project is planned to be an open-pit operation that will yield about 14,000 tonnes of copper cathode annually. Western Copper has targeted production to begin during the fourth quarter of 2010. Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs. Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs. The YESAB Executive Committee said it was satisfied that: Western Copper adequately consulted with the First Nations in whose territory, and the residents of any community in which the project will be located or might have significant or socio-economic effects; The project proponent provided sufficient information in the project proposal to allow for the assessment of potentially significant effects; Significant adverse environmental or socio-economic project and cumulative effects identified within the scope of the scre

PKC Group Oyj, the Finnish wiring, cable and electronic manufacturer, signed an agreement to buy AEES, the North American wire harness manufacturer, for €109M in cash and €1.25M in newly-issued PKC shares. PKC principally produces wiring harnesses for the automotive industries in Europe and South America. The company cited the rebounding market environment and AEES' strong North American regional market share as a leading supplier to the heavy and medium truck production sectors as reasons for the takeover.