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The European Commission has invited interested third parties to send comments on Glencore's proposed acquisition of an Italian copper rod and semis producer. Earlier in November, Glencore submitted a prior notification of its intention to assume sole control of Carlo Colombo via share purchase.

"Asia Pacific: The Largest Market for Switchgear The Asia-Pacific region holds the largest market for switchgear, driven largely by the number of transmission and distribution line up gradations and developments in the South East Asia. These developments are due to its growing energy needs is the major growth engine for this market. Utilities: Biggest Market by Application Switchgear is mostly used in Transmission & Distribution by power utility companies. They are used for switching the equipment or the circuit during the event of fault. With the growing transmission and distribution network across globe, the number of substations will keep on increasing. This increasing number of substations is expected to increase the use and demand for switchgears. Maximum T&D expansion projects are ongoing in Asia-Pacific and the market is expected to be the biggest and the fastest growing market for switchgear. The Switchgear industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The industry has low entry and exit barriers. This is a major driver of the Switchgear Market. Top players of the PR market are ABB (Switzerland), Eaton Corporation (Ireland), GE (U.S.), and Siemens AG (Germany)."

Switzerland-based power and automation technology group, ABB Ltd., won a contract tendered by TenneT, the Dutch-German transmission grid operator, to connect North Sea wind farms to the German mainland grid. The order is worth US$1.0B and ABB expect to use over 135km of 320kV submarine cable in the designed transmission system. The project is expected to be operational in 2015 and follows two other offshore wind connection orders for ABB in Germany; the 800MW Dolwin1 link awarded last year and previously, the BorWin1 project. The Dolwin1 link is expected to be completed in 2013 and will involve the use of 150km of 320kV copper submarine cable.