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Susanna Keung

Germany - Aurubis sees product demand improve - 0 views

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    Aurubis, a leading European copper semis fabricator, said that it saw product demand and production recover in mid-May in the wire and cable industry and in some other copper semis sectors. The wirerod market, especially the automotive wiring industry, is supported by government stimulus packages. It said orders for continuous cast shapes also stabilised in May then rose slightly in June. The company reported pretax profit in the third quarter to June fell to 51m euros (US$72m). Product output was 479,000t of wire rod and 111,000t of continuous cast shapes for the first nine months.
William Pratt

Nippon to add SCR-type continuous casting at Chinese JV - 0 views

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    An SCR-type casting and rolling facility for the production of copper wire rod is to be introduced at Nippon Mining & Metals' Chinese JV. Due to start in August and complete in 2010, the facility will expand output capacity by 50% to 300,000 tonnes per year with ¥3 billion capital expenditure. The JV, Chang Zhou Jin Yuan, will cease its current Contirod-type facility when the SCR-facility comes on line. Nippon decided to undertake the capacity expansion to meet strong demand from infrastructure construction in China.
Colin Bennett

Alarm bells ring over German renewables - 0 views

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    German renewable energy companies and bankers will meet officials in Berlin on Monday to discuss ways of preventing the financial crisis from casting a storm cloud over a vital domestic growth industry. Up to 30 companies and organisations are expected to outline the problems facing the renewables sector, whose bullish projections have been overshadowed by concerns about project finance, falling prices and delayed orders.
Colin Bennett

Iron and copper: "More sustainable than modern materials" - 0 views

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    This all comes from these chaps, Tuscan Foundry Products, who have done some 'research' that says, the whole life cost of copper and cast iron rainwater products is a third of that of PVC and Aluminium over a 100 year life cycle.
James Wright

Japan - Hitachi Cable to withdraw from the domestic copper tube business - 1 views

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    Because of slowing housing construction and the consequent decline in demand for gas appliances and water taps, the demand for brass bars in Japan is falling. Demand is also being affected by the decrease in car industry activity. As a result, brass bar makers in Eastern Japan are planning to reduce production output for the fourth quarter by 20-25% on a year-to-year basis. August production in Japan was ''as low as 16,362 tonnes'', according to the Japan Copper & Brass Association. Monthly order receipt volume for the last three months of 2008 is expected to average just 15,000 tonnes.
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    Kitz Metal Works, a brass bar maker and subsidiary of the Kitz group, announced plans to add a continuous casting line at its Chino plant in Japan. The US$2.6M development will add a further 18,000t-19,200t to the company's annual billet production capacity. Construction work is set to begin this month and the plant is expected to be commissioned by the end of the year. The company expects that the lower production cost of the new casting line will allow for the investment cost to be recovered within five years.
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    Hitachi Cable Ltd. announced that it will cease production at its Tsuchiura plant by March 2012, effectively ending its domestic copper tube business. The facility produces copper tubes for air conditioners and in FY2010 it contributed to a sales volume of 20,000t; a sales value of ¥17.76B or 4.2% of the company's total revenue. The withdrawal from the business is attributed to difficulty maintaining profitability after air conditioning manufacturers shifted operations to foreign markets. Hitachi will keep a 50-50 JV with Furukawa Electric in Shanghai and its 36% share of a Thailand based copper tube manufacturer.
Colin Bennett

Graphene said to outperform copper interconnects - 0 views

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    PORTLAND, Ore.-Pure carbon interconnects, cast as tiny ribbons of graphene, will outperform copper interconnects below 30 nanometer line widths, according to researchers at the Georgia Institute of Technology (Georgia Tech).
Susanna Keung

China - Chinalco Daye develops copper strip for 3G - 0 views

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    Aluminium Corporation of China Daye Plate & Strip Co. Ltd. (Chinalco Daye) said that it has developed high precision copper strip that could be used in production of 3G communication cable. Chinalco Daye has a designed capacity of 60,000t of high precision copper sheet and strip, and 73,500t copper strip slab. The company produced 2,000t 5PPM high grade oxygen free copper casting ingot from March to July this year.
Colin Bennett

Attention is Currently Focused on Diecasting Copper Rotor - 0 views

  • Attention is currently focused on die casting copper rotor in anticipation of saving energy regulation reinforced from next spring in Japan.
Colin Bennett

Points from the China Aluminium Conference - 0 views

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    "1. Chinese smelters are jointly calling on the government to scrap the 15% export tax on aluminium ingots, as they hope to benefit from a global market deficit. Yet many market participants cast doubts on the proposal as it is against Beijing's industrial policy on the light metal. 2. Beijing has cancelled approval requirement for aluminium smelting projects, but it continues to keep tight control over the sector, ordering local governments not to register new aluminium smelting..."
Colin Bennett

Copper Slag Market Share, Growth, Trend Analysis and Forecast to 2026 - 2 views

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    Star Trace, GritSablare, Apex Abrasives Industries, Rolex Enterprise, Vedanta, STAR GRIT, Mitsubishi Materials, SHANGHAI Hmard MINERALS, Abrasive Shot, Copag Abrasives & Minerals, Opta Minerals, Inexo Cast Metal Solutions, CNK International
Matthew Wonnacott

Tongling Nonferrous Metals aims to become China's largest smelter - 0 views

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    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.
Colin Bennett

Rio and Anglo sell Palabora stake - 0 views

  • Palabora produces about 80,000 tonnes of refined copper a year, according to its website, and has a refinery that produces continuous cast rod for the domestic market and cathodes for export.
Matthew Wonnacott

Profits up at Aurubis despite falling activity in the group's semis business - 0 views

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    * Aurubis Group, the large German copper smelter and semis producer, announced on 13th December that its operating earnings before tax for the fiscal year Q4 2011-Q3 2012, had increased to EUR296M from EUR292M the previous year (US$385.5M from US$380.3M). Despite the headline increase in profitability, which was driven by the group's smelting unit, Aurubis reported that profits from "copper products were considerably down on the prior-year level due to weak markets for rod and shapes." Operating profits at the group's semis business fell to EUR10.1M this fiscal year from EUR49.7M the prior year (US$13.2M from US$64.7M), with Aurubis citing "the economic influences of the European debt crisis" as a factor weighing on the demand for copper products. Aurubis reported that copper tube output had fallen by 18% to 646,000t in 2011/2012 from 785,000t in 2010/11, copper continuous cast shapes output had fallen by 17% to 164,000t from 197,000t , whilst the output of flat rolled products fared better with output roughly unchanged at 217,000t.
Matthew Wonnacott

Furukawa to consolidate sheet and strip business - 0 views

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    Furukawa Electric Co, the Japanese maker of wire, cable and copper semis announced on 15th April that it will consolidate its copper plate and strip business at its Nikko Offices. Company President Mitsuyoshi Shibata indicated that the company was taking contingencies for 10% drop in demand for copper sheets and strips, including consolidating finishing mills and casting lines. The company is in the midst of a large restructuring taking steps including closing its magnet wires business and off-shoring copper foil production to Taiwan.
James Wright

China - Jinchuan Group initialise construction of a new 300,000t/y copper semis project - 0 views

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    Jinchuan Group began construction of its 300,000t/y continuously cast copper rod and rolled products operation. The company is China's third largest producer of refined copper, with a reported capacity of 600,000t/y.
James Wright

China - Honglei's 150ktpy copper flat rolled products project is put into test operation - 0 views

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    Zhejiang Honglei Copper, a Shenzhen-listed Chinese copper tube and wire manufacturer, announced that its RMB163M, 150,000t/y copper-alloy rolled products project has entered a testing phase. The facility uses continuous casting and rolling process equipment from Germany.
James Wright

China - Shandong Xiangrui fully commissions copper semis plant with 320,000t/y capacity - 0 views

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    It was reported that Shandong Xiangrui Copper Semis Co. Ltd. bought a new 320,000t/y copper semis production facility into full operation during late August. The plant produces a variety of products. It's capacity includes 95,000t/y of copper wirerod, 100,000t/y of copper strip, 20,000t/y of overhead railway conductors and 10,500t/y of bare copper wire. Contirod continuous casting technology from Germany will be used for the process.
James Wright

China - Secondary copper wirerod producers to face new standard - 2 views

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    It was reported that a new criterion for the legislative standard which affects copper wirerod fabricators has been approved by a committee of experts and has been submitted to the Ministry of Industry and Information Technology of China for consideration. Industry sources have stated that there is an emphasis on driving domestic innovation to lift the quality and utilisation rates of continuous casting and rolling mill technology, which is currently lagging behind higher performance, expensive foreign equipment. Approximately one third of copper scrap is used in the direct manufacture of copper and copper alloy wirerod and semis. However, it is thought that none of the 80 or so secondary copper rod manufacturers will meet the criteria outlined in the proposal.
James Wright

Germany - Aurubis' copper products demand outlook: Asian demand will recover after Summ... - 0 views

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    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.
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    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.
James Wright

Italy - Eredi Gnutti acquires Dalmet - 0 views

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    S.A. Eredi Gnutti Metalli S.p.A., an Italian copper and copper-alloy extrusions and flat rolled product fabricator, has taken over Dalmet S.p.A., another Italian company which competes in the production of copper and copper-alloy flat rolled products. Dalmet has the capacity to supply 3,000t/y of flat rolled products to the electrical, electromechanical, electronic and automotive components, ornaments, door locks and medals manufacturing markets. With this acquisition Eredi Gnutti increases its rolling and casting capacity.
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