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"The IEA estimates that of all efforts required to deliver a 50% reduction in global emissions by 2050 24% will need to come from end use fuel efficiency, 12% has to come from end use electricity efficiency and a further 7% will need to come from power generation efficiency. There is substantial potential for improving thermal efficiency of Europe's power plants. Our coal plants operate at an average 38% (BAT - Best Available Technology - on new coal plants delivers 46%). Our gas plants operate at an average of 52% efficiency (BAT- Best Available Technology - on new gas plants delivers more than 60%). Due to the age of the installed base, the average efficiency of Chinese coal plants is now higher than in Europe."

LDK Solar (NYSE: LDK) said Monday it expects to generate between $2.8 billion and $3 billion in revenue and ship between 1.45 gigawatts and 1.55 gigawatts of silicon wafers in 2009. The Chinese company also said its wafer manufacturing plant has reached 1 gigawatt of annual capacity. It's a noteworthy milestone on the way to production capacity targets of 1.2 gigawatts by the end of the year, 2.2 gigawatts by the end of 2009 and 3.2 gigawatts by 2010 that the company announced earlier this month. LDK shares rose more than 8 percent to reach $49.63 per share in recent trading. The wafer maker's stock has climbed since it posted blockbuster second-quarter earnings on Aug. 11. LDK's net income grew more than fivefold year-over-year to reach $149.5 million, or $1.29 per share. Second-quarter sales more than quadrupled to $441.7 million from $99.1 million from the year-ago period (see LDK 2Q Profit Triples, Margin Falls). Strong demand for its wafers has prompted the company to expand its production capacity quickly. LDK also plans to start making it own polysilicon, in addition to buying the raw material for making the wafers. Production at LDK's first polysilicon plant is expected to begin soon and produce between 100 metric tons and 350 metric tons by December. The company is also building a second plant (see LDK Silicon Confirms Plant Is on Track). LDK CEO Xiaofeng Peng told analysts two weeks ago that the company had a backlog of more than 12 gigawatts of wafer orders. LDK expects to generate between $1.65 billion and $1.75 billion in revenue and ship between 750 megawatts and 770 megawatts of wafers for the whole of 2008.

Fujikura Dia Cable (FDC), the joint venture of Fujikura and Mitsubishi Cable Industries, announced a 14% year-on-year decline in their building cables shipment for the period April-September 2008. FDC describe the current situation as a difficult one, especially due to weak demand. The manufacturer, facing decreased inventory value due to falling copper prices, has to sell at relatively low prices reducing profit margins. FDC cable shipments fell by 8% in 2007 and the initial target for 2008 was to grow back to the 2006 level. However, this was revised down because of sales results. Overall profitability is also affected by rising prices of insulating and sheathing materials.

Japanese electric wire and cable manufacturer Fujikura Ltd reported consolidated financial results for the first quarter ended 30 June 2009. The company achieved sales of ¥112.93b (US$1.19b) for the first quarter, 28.7% lower than the same period a year ago. Operating income for the first quarter was ¥1.84b (US$19.4m), 50.3% lower than the year-ago level. Net income for the same period was ¥111m (US$1.17m), 94.3% lower than a year ago. The company is expecting to make a net loss of ¥800m (US$8.43m) for the first half ending 30 September 2009.

Tokyo, Japan, Apr 25, 2008 - (JCN Newswire) - Victor Company of Japan, Ltd. (JVC) plans to end production activities at JVC Manufacturing UK LTD. (JMUK) at the end of July 2008 as part of restructuring television business operations. JMUK has manufactured cathode-ray tube (CRT) televisions, liquid crystal display (LCD) televisions and related products primarily for UK and other European markets as a UK subsidiary of JVC.

Nexans, the world's largest cable maker, has announced its sales results for Q1 2009. In the three months to March 31, sales amounted to 1.245 billion euros (US$1.61 billion), down by 28.5% compared with the same period in 2008 at constant metal prices. Net debt at the end of Q1 was reduced to 362 million euros (US$468 million) compared to 536 million euros (US$693 million) at the end of Q4 2008. The company said that in response to the economic crisis, it will accelerate restructuring and cut the workforce by 900. Nexans has restructured its business in Canada while it intends to shut down its Building Cable business in Germany. Further plans may be announced mainly in Europe.

Japanese electric wire and cable manufacturer Fujikura Ltd reported consolidated financial results for the first quarter ended 30 June 2009. The company achieved sales of ¥112.93b (US$1.19b) for the first quarter, 28.7% lower than the same period a year ago. Operating income for the first quarter was ¥1.84b (US$19.4m), 50.3% lower than the year-ago level. Net income for the same period was ¥111m (US$1.17m), 94.3% lower than a year ago. The company is expecting to make a net loss of ¥800m (US$8.43m) for the first half ending 30 September 2009.

Energy-efficient machine tools help to reduce operating costs for users and increase productivity. Investments in new machinery and equipment must make financial sense for the future. At the same time, it must be possible to operate machines efficiently and adapt them flexibly to meet new product requirements. This is what users are looking for in new machines. A central component of efficient machine operation is end-to-end management of energy requirements and usage.

Mexico, one of the leading suppliers of oil to the United States, has increasingly embraced alternative energy in the face of dwindling crude output, infrastructure and investment. In response to energy and economic woes, President Felipe Calderón has pushed through energy reforms, pledging that Mexico will be producing a minimum of 2,500 megawatts of wind capacity by the time his term ends in 2012. So far, Mexico's progress has been impressive. In 2005, the nation only produced 3 megawatts electricity from wind. By the end of 2010, the country had 519 megawatts of installed wind power. And the future prospects look promising.

The EU is being urged by industry body Eurometrec to agree End-of-Waste criteria for copper scrap, despite some contention over the maximum level of foreign materials. The EU is proposing a 2% maximum foreign material content in order to allow copper scrap to cease being classified as waste, while recyclers have argued for a 5% maximum. Achieving End-of-Waste status will allow material to be classified as a product and exempt from waste permitting regulations.

According to a survey performed by Antaike, the mining and metals information provider, average operating rates of facilities in China producing copper flat rolled products fell to 55.8%, down by 3.4% m-o-m in October. The reduction in plant utilisation has been attributed to weak end-use demand from the domestic electronics and automotive sectors since the end of H1 2011, as well as decreasing export orders. Additionally, the volatile copper price is thought to have led to production cuts at copper plate, sheet, strip and foil fabrication plants. The survey also indicated that 50% of the 22 manufacturers sampled believe that demand will continue to decline and 40% think that it will not grow in the short term. Companies cited decreased buying associated with the Christmas and New Year holidays and shrinking exports of end-use products such as electronics and home appliances due to uncertainty stemming from the European debt crisis.

According to an interview that Masayoshi Matsumoto, president and CEO of Sumitomo Electric Industries, gave to Japan Metal Bulletin, the company eyes leverage measures to achieve its 5-year management plan ending in March 2013. SEI aims to achieve consolidated net revenues of 3 trillion yen and operating profits of 210 billion yen in FY ending in March 2013. It was reported that the company may not achieve the above targets solely by organic growth. Business leverage in electric power and energy fields is a possibility. SEI realised consolidated net sales of 1.84 trillion yen and operating profits of 51.7 billion yen in FY ended March 2010.

Mitsui Sumitomo Metal Mining Brass & Copper, a Japanese brass and copper alloy strip fabricator, plans to produce an average of 5,450t/m in H2 FY2010-2011, ending in March 2011. The company holds client orders of several hundred tonnes until the end of 2010 and considers that demand will be steady. However, it remains cautious about demand from the automotive industry as it may decline in early 2011. According to production plans, H2 FY2010-2011 output in Saitama, Japan, will amount to 3,600t/m whilst that in Mie, Japan, to 1,850t/m. Actual production in H1 FY2010-2011 reached 5,400t/m (3,600t/m in Saitama and 1,800t/m in Mie). It was reported that the automotive industry accounts for 45% of the company's output. Automotive makers are expected to cut their output by 20%, now that the Japanese government's eco-friendly car subsidy scheme has ended. As a result, automotive component makers are anticipated to cut production by 5-10%. To respond to that possible downturn, Mitsui Sumitomo Metal Mining plans to increase sales to consumer electronic product manufacturers.

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."

ontract workers at Chile's state copper company agreed to end a 20-day strike Monday that had idled production at three of its five mines, causing more than US$100 million (euro65 million) in losses.

Economic Growth, The Financial Crisis, and Peak Oil For several years, a swelling subculture of commentators (which includes the present author) has been forecasting a financial crash, basing this prognosis on the assessment that global oil production was about to peak. (2) Our reasoning went like this: Continual increases in population and consumption cannot continue forever on a finite planet. This is an axiomatic observation with which everyone familiar with the mathematics of compounded arithmetic growth must agree, even if they hedge their agreement with vague references to "substitutability" and "demographic transitions." (3) This axiomatic limit to growth means that the rapid expansion in both population and per-capita consumption of resources that has occurred over the past century or two must cease at some particular time. But when is this likely to occur? The unfairly maligned Limits to Growth studies, published first in 1972 with periodic updates since, have attempted to answer the question with analysis of resource availability and depletion, and multiple scenarios for future population growth and consumption rates. The most pessimistic scenario in 1972 suggested an end of world economic growth around 2015. (4)