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xxx xxx

Czech Utility To Build Europe's Largest Wind Farm in Romania - 0 views

www.sustainablebusiness.com/...16646

wind

shared by xxx xxx on 28 Aug 08 - Cached
  • xxx xxx on 28 Aug 08
     
    Czech utility, CEZ Group (CEZ.BE), is investing 1.1 billion euros in a Romanian wind farm with a projected capacity of 600 megawatts (MW), which--when completed--will be the largest onshore wind farm in Europe. CEZ bought the development rights for two projects from Continental Wind Partners LLC (CWP), which will manage the construction, set to begin next month. The project will combine adjacent Fantanele and Cogealac wind farms. Together, the two projects will be about twice the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest operational wind farm in Europe. The project, which is located about 17 kilometers from the Black Sea, will be completed in two stages. The first stage of 347.5 MW is expected to be completed by the end of 2009. It will comprise 139 GE wind turbines.
John Tomlinson

Norddeutsche to expand copper scrap recycling by 2011 - 0 views

www.na-ag.com/NA_en

copper europe norddeutsche scrap

shared by John Tomlinson on 19 Jun 08 - Cached
  • Colin Bennett on 19 Jun 08
     
    June 2008\nNA Copper Mail
  • Susanna Keung on 19 Jun 08
     
    Norddeutsche Affinerie AG (NA) said it is expecting at least EUR40 million of synergies each year from the takeover of Cumerio which was completed in March this year. The company said that it will benefit from the transfer of best practice between the two companies while cost savings mainly come from logistics and process optimization. NA also plans to increase production at its Cumerio smelters. The company expects further acquisition opportunities in Europe and in other parts of the world, including Asia. NA plans to expand its operations in southeastern Europe and the Black Sea region to capitalize on its strong economic growth before looking for growth opportunities outside Europe. In Bulgaria, the company currently expands copper cathode production capacity of its Pirdop smelter to 180,000 tonnes per year.
  • John Tomlinson on 07 Oct 08
     
    Norddeutsche Affinerie is to invest €62.5M to increase by 60% its copper scrap recycling capacity in Lünen, Germany by 2011. The investment will double the firm's capacity to process complex copper-bearing scrap such as shreddings, powders and electrical scrap to 140,000t/y, bringing total scrap recycling capacity up to 350,000t/y from 220,000t/y currently. The scrap will be processed into copper cathode. The investment will see the installation of a second smelting furnace, and a waste gas purification plant in Lünen. Norddeutsche's current secondary smelter in Lünen uses a range of scrap, whilst its Hamburg plant uses copper concentrate and a small percentage of high-grade scrap. Electronic scrap availability has increased in Europe as end-of-life regulations have been introduced for its disposal.
Colin Bennett

Copper Demand in Europe Seen by KME Showing Few Recovery Signs - 1 views

www.bloomberg.com/...howing-few-recovery-signs.html

trends copper KME Europe demand

shared by Colin Bennett on 11 Mar 14 - No Cached
  • Copper demand in Europe is showing little sign of rebounding outside of Germany, according to KME Group SpA, which makes parts out of the metal for uses from architecture to medical equipment.
Vivienne Lloyd

Better results for Aurubis despite weakness in semis sales - 0 views

www.aurubis.com/...-three-months-201213-published

Copper wirerod Aurubis shapes flat-rolled Europe semis harnesses

shared by Vivienne Lloyd on 15 Feb 13 - No Cached
  • Vivienne Lloyd on 15 Feb 13
     
    Aurubis, the Germany-based copper smelter and semis producer, announced increased operating earnings before tax of €140M (US$188M) in the final quarter of 2012*, compared to €86M in the previous year (US$116M). Despite an improved group level performance, Aurubis noted weaknesses in its copper semis business, saying "sales volumes were down on the previous year due to weak markets." The company attributed the weak sales to poor demand from Southern Europe and a typical seasonal slowdown in Q4, however, the company noted a slightly better environment in North America. In their outlook for the coming year, Aurubis said they expect weak conditions to remain in Europe in the coming months, but expect stronger demand from North America and the Far East. The company said that they are experiencing slower demand for wire used in automotive harnesses but hope that wirerod will replace some of the current weakness. In other semis sectors, Aurubis expects better global demand for flat-rolled products and stronger appetite for copper shapes outside of Europe.
Matthew Wonnacott

General Cable reports weaker profit in Q4 2012 that may carry forward to Q1 2013 - 0 views

investor.generalcable.com/phoenix.zhtml

Copper cable wire US

shared by Matthew Wonnacott on 26 Feb 13 - No Cached
  • Matthew Wonnacott on 26 Feb 13
     
    Kentucky-based wire and cable manufacturer General Cable Corporation announced on 25th February an adjusted operating profit for the fourth quarter of 2012 of US$48.2M, down from US$ 75.4M in the third quarter. In an outlook for 2013 the company said they expect the first quarter of the year to be the weakest due to "specific factors in Europe and Mediterranean and ROW" although the company said it expects "sequentially better results in nearly all North American businesses." In 2013, the company expects a stronger performance from wire and cable used in the construction and utilities sectors in the US and the Rest of the World ex Europe. The company does not expect any improvement in its wirerod business in the US, but anticipates some pickup in wirerod sales in the Rest of the World ex Europe. The company highlighted in its report continuing weakness in Europe, but expects some improvement in 2013 with the outlook in France and the Mediterranean stabilising.
James Wright

Europe - Wood Mackenzie: Copper use in wind power to rise 15% between 2013 and 2015 - 0 views

in.reuters.com/...r-demand-idINL6E8J1C4020120801

Copper products wind power Europe outlook Wood Mackenzie

shared by James Wright on 07 Aug 12 - No Cached
  • James Wright on 07 Aug 12
     
    Wood Mackenzie, a commodities consultancy, said that amongst weak copper consumption in Europe a bright spot is in the demand for wind turbines and the associated subsea cable. The consultancy believes that this sector uses 3.6 tonnes of copper per megawatt of generation capacity and estimates that 22,000t of copper will be consumed in wind turbines in Western Europe in 2012. A European directive for all countries to produce 20% of their energy from renewable sources by 2020 is said to be accelerating growth in green power. Germany are the largest producer of wind turbine sourced electricity, as renewable account for 25% of energy production and wind power is the largest component. Great Britain, the Nordic region and Spain are also expanding their wind power capacity, mainly through offshore wind parks.
xxx xxx

Solar Power From Saharan Sun Could Provide Europe's Electricity, Says EU - CommonDreams... - 0 views

www.commondreams.org/...10549

renewable energy

shared by xxx xxx on 25 Jul 08 - Cached
  • xxx xxx on 25 Jul 08
     
    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.
Panos Kotseras

US - General Cable's Q4 2008 sales results - 0 views

www.generalcable.com/GeneralCable

US General Cable sales results

shared by Panos Kotseras on 11 Feb 09 - Cached
  • Panos Kotseras on 11 Feb 09
     
    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.
Panos Kotseras

US - World copper tube and pipe market analysis - 0 views

www.tradingmarkets.com

World copper tube pipe

shared by Panos Kotseras on 18 Feb 09 - Cached
  • Panos Kotseras on 18 Feb 09
     
    According to a recent report published by Global Industry Analysts, the global copper tube and pipe market will exceed 3.6 million tonnes by 2015. While mature regions such as North America, Western Europe and Japan exhibit flat or negative growth, emerging economies in Asia-Pacific, Eastern Europe and the Middle East will generate significant prospects for the copper tube and pipe industry. The fastest growth will be realised in China because of its ongoing industrialisation and urbanisation activity.
Colin Bennett

EU takes first steps towards a smart grid - 0 views

www.energyefficiencynews.com/...2376

trends copper smart grid

shared by Colin Bennett on 07 Sep 09 - Cached
  • Colin Bennett on 07 Sep 09
     
    The EU energy package has officially come into force with two Directives and three Regulations aimed at creating an integrated Europe-wide energy market that will drive the first steps toward a smart grid. The gas and electricity market Directives require that EU member states implement "intelligent metering systems that shall assist the active participation of consumers". By 2020, the Directive targets that 80% of households in Europe should be equipped with smart electricity meters and that a complete rollout should be achieved by 2022.
Colin Bennett

Global transmission and distribution infrastructure annual investment to reach $198bn b... - 1 views

www.yourpowertransmissionnews.com/ch+%24198bn+by+2024_34671.html

trends copper transmission distribution smart grid

shared by Colin Bennett on 06 Aug 14 - No Cached
  • Colin Bennett on 06 Aug 14
     
    "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."
Colin Bennett

Heat Roadmap Europe 2050 - 0 views

www.euroheat.org/Heat-Roadmap-Europe-165.aspx

trends copper Europe heating renewables

shared by Colin Bennett on 13 Mar 13 - No Cached
  • In this pre-study, ambitious but realistic growth rates are assessed for district heating in the EU27 until 2050. The methodology is a combination of hour-by-hour energy modelling of the EU27 energy system and mapping of local conditions. The study finds that deliveries from district heating in the EU can grow by a factor of 2.1 until 2030 and by a factor of 3.3 until 2050.
Piotr Ortonowski

Europe - wirerod demand driven by automotive sector and infrastructure investments in Q... - 1 views

www.nexans.com/...2012.html

copper trends wire

shared by Piotr Ortonowski on 03 May 12 - No Cached
  • Piotr Ortonowski on 03 May 12
     
    From Nexans' Q1 2012 financial report, we can infer that the European wirerod market was supported by a very strong automotive sector, driven by demand from German premium auto manufacturers, as well as increased infrastructure investment in France and Scandinavia, and a rebounding construction sector in Northern Europe. Demand in Southern Europe, meanwhile, continues to be subdued.
Colin Bennett

Is there room for growth in Europe Wire & Cable? - 0 views

www.integer-research.com/...rowth-trends-demand-production

trends Copper wire cable Europe

shared by Colin Bennett on 27 Jun 12 - No Cached
  • Integer’s Director of Research, Philip Radbourne, recently presented at the Europacable 2012 General Assembly in Brussels. Philip’s presentation covered: Global Wire & Cable long- and short-term trends, examination of the leading suppliers, and short-term European indicators for growth.
  • Colin Bennett on 27 Jun 12
     
    Copy of presentation available online
James Wright

Europe - Wood Mackenzie see copper demand in Europe falling by 5% in 2012 - 0 views

www.xe.com/...2841865.htm

Copper Europe 2012 outlook Wood Mackenzie

shared by James Wright on 07 Aug 12 - No Cached
  • James Wright on 07 Aug 12
     
    Wood Mackenzie predicts that overall European copper demand will decline by 5% in 2012 to reach 4Mt. This is attributed to weak economic growth together with a prolonged debt crisis.
James Wright

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

www.aurubis.com/...ort_First_6_months_2011_12.pdf

copper products Aurubis 2012 outlook forecast Europe US Asia North America

shared by James Wright on 16 May 12 - No Cached
  • James Wright on 16 May 12
     
    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.
  • James Wright on 17 May 12
     
    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.
Colin Bennett

General Cable announces leadership transition in Europe & Mediterranean - 0 views

www.yourcableandwirenews.com/iterranean+business_33871.html

trends copper General Cable

shared by Colin Bennett on 08 May 14 - No Cached
  • General Cable Corporation (NYSE: BGC) announced today the appointment of Robert (Bob) Kenny as President and Chief Executive Officer of General Cable Europe and Mediterranean, effective August 1st.
Colin Bennett

Egypt's Sewedy Cables bullish on Europe, eyes Brazil - 1 views

af.reuters.com/...idAFLDE68L1X520100922

trends copper Middle East Europe

shared by Colin Bennett on 27 Sep 10 - No Cached
  • Sewedy plans to boost its output by 18.5 percent to 160,000 tonnes this year, with a further increase to between 185,000 and 190,000 tonnes planned for 2011. Sewedy had forecast a 25 percent year-on-year rise in 2010 net profit, saying other cable makers had cut production to ride out the recession in Europe, offering the firm an opportunity to boost exports and increase profit margins in 2010.
Colin Bennett

UK/Europe power prices - 0 views

www.ft.com/...dc-11dd-a534-0000779fd2ac.html

trends copper electricity finance

shared by Colin Bennett on 28 Jan 09 - Cached
  • Colin Bennett on 28 Jan 09
     
    The Anglo-Dutch steel producer, which this week announced the elimination of 2,500 jobs at its UK plants, says the surge in British electricity prices from £24 a megawatt hour to £75 MWh over the past five years has been greater than "virtually anywhere else in Europe". If that is so, Britain's liberalised energy market is serving its users ill.
Wade Ren

The end of Bretton Woods 2? - 0 views

blogs.cfr.org/...the-end-of-bretton-woods-2

2008-crisis economics

shared by Wade Ren on 29 Oct 08 - Cached
  • The Bretton Woods 2 system – where China and then the oil-exporters provided (subsidized) financing to the US to sustain their exports – will come close to ending, at least temporarily. If the US and Europe are not importing much, the rest of the world won’t be exporting much.
  • And rather than ending with a whimper, Bretton Woods 2 may end with a bang. In some sense Bretton Woods 2 has been on life support for a while now. China’s recent export growth has depended far more on Europe than on the US. US demand for non-oil imports peaked in 2006. One irony of the past year is that the US was borrowing far more from China that it was buying from China. Campaign rhetoric that the US was paying for Saudi oil with funds borrowed from China isn’t far off – though it leaves out the fact that the US also borrows from Saudi Arabia to pay for Venezuelan, Mexican and Nigerian oil.
  • If Bretton Woods 2 ends in 2009 – if US demand for imports falls sharply in the last part of 2008 and early 2009, bringing the US trade deficit down – it won’t have ended in the way Nouriel and I outlined back in late 2004 and early 2005. We postulated that foreign demand for US debt would dry up – pushing up US Treasury rates and delivering a nasty shock to a housing-centric economy. As Brad DeLong notes, it didn’t quite play out that way. The US and European banking system collapsed before the balance of financial terror collapsed. Dr. DeLong writes: All of us from Lawrence Summers to John Taylor were expecting a very different financial crisis. We were expecting the ‘Balance of Financial Terror’ between Asia and America to collapse and produce chaos. We are not having that financial crisis. Instead we are having a very different financial crisis. Catastrophic failures of risk management throughout the entire banking sector caused a relatively minor collapse in housing prices to freeze up global finance to a degree that has not been seen since the Great Depression. The end result of this crisis though could be rather similar: a sharp contraction in credit, a fall in US economic activity, a fall in US imports and a fall in the amount of foreign financing the US needs.* The US government is (possibly) trying to offset the fall in private demand by borrowing more and spending more — but as of now there is realistic risk that the fall in private activity will trump the fiscal stimulus.
  • ...11 more annotations...
  • Or, to put it more succinctly, Bretton Woods 2, as it evolved, hinged both on the willingness of foreign central banks to take the currency risk associated with lending to the US at low rates in dollars despite the United States large current account deficit AND the willingness of private financial intermediaries to take the credit risk associated with lending at low rates to highly-indebted US households.
  • But now US financial institutions are neither willing nor able to take on the risk of lending even more to US households. For a while the US government was able to ramp up its lending to households (notably through the Agencies) and in the process effectively take over the function previously performed by the private financial system (over the last four quarters, the flow of funds data indicates that the Agencies provided around $800 billion of net credit to US households). But now the US government is struggling to keep the financial system from collapsing. It doesn’t seem like it will able to avoid a sharp fall in the overall availability of credit.
  • It is now clear how the financial sector kept profits up: it took on more risk, as it shifted from borrowing short to buy safe long-term assets (Treasuries and Agencies) to borrowing short to buy risky long-term assets. Leverage in the system also increased (and for some broker dealers that seems to be an understatement), as more and more financial institutions believed that the US had entered into an era of little macroeconomic or financial volatility. The net result seems to have been a truly explosive concentration of risk in the hands of a core set of financial intermediaries in the US and Europe. Securitization – it seems – actually didn’t disperse risk into the hands of institutions able to handle it.
  • I hope that the process of adjustment now underway isn’t as sharp as I fear. The US economy gradually can shift from producing MBS for sale to US investors flush with cash from the sale of safe securities to China and Saudi Arabia to producing goods and services for export – but it cannot shift from churning out complex debt securities to producing goods and services overnight. Indeed, in a slowing US and global economy, improvements in the US deficit will likely come from faster falls in US imports than in US exports – not from ongoing growth in US exports.
  • But right now it looks like there is a real risk that the adjustment won’t be gradual. And it certainly looks like the flow of Chinese (and Gulf) savings to US households over the past few years has produced one of the largest misallocations of global capital in recent history.
  • US taxpayers are going to be hit with a large tab for the credit risk taken on by undercapitalized financial intermediaries. Chinese taxpayers may get hit with a similar tab for the losses their central bank incurred by overpaying for US and European assets as part of its policy of holding its exchange rate down. The TARP is around 5% of US GDP. There are plausible estimates that China’s currency losses will prove to be of comparable magnitude. Charles Dumas puts the cost at above 5% of GDP: “Charles Dumas of Lombard Street Research estimates that China makes 1-2 per cent on its (largely) dollar reserves. It then loses up to 10 per cent on the exchange rate and suffers a Chinese inflation rate of 6 per cent for a total real return in renminbi of about minus 15 per cent. That is a loss of $270bn a year, or a stunning 7-8 per cent of gross domestic product.”
  • Jboss — if some of the Chinese inflow could be redirected into investment in alternative energy, that would indeed be a win/ win. Some infrastructure bank style ideas have promise in my view — basically, the flow that used to go to freddie/ fannie could go to wind farms and the like. I would rather see more adjustment in china (i.e. more investment in Chinese infrastructure) but during the transition, if there is one, to a lower Chinese surplus, redirecting chinese financing toward new energy tech would be offer real benefits.
  • China likes 3rd generation nuclear power. Safe, lower cost than NG or coal, very much lower cost than coal with carbon sequestering, and zero carbon footprint. Wind is about 4X more expensive than our electric costs now. That’s in an area with consistent wind. Solar is worse. I don’t know if we can sucker them into investing in our technical fairy tales. Here’s a easy primer on 3rd gen nukes. http://nuclearinfo.net/Nuclearpower/WebHomeCostOfNuclearPower
    • Wade Ren
      Wade Ren on 29 Oct 08
       
      is this true?
  • btw, solar thermal installations are so easy & affordable to retrofit onto existing structures, it’s amazing that there aren’t more of them here…until you realize that they work to decentralize energy. cedric — china is already doing it in china. they are way ahead of the curve over there. my partner brought back some photos of shanghai — rows of middle class homes each with a small solar panel on top. and that’s just the tip of the iceberg — an architect friend just came back from beijing and wants to move to china (he’s into designing self-powering structures and is incredibly frustrated by the bureaucracy and cost-prohibitive measures in the US).
  • I went to engineering school right after the Arab Oil Embargo, and alternative energy was a hot topic then. All the same stuff you hear of nowadays. They even offered entire courses on it , which I took. Then my first mini career was in the power plant biz, before Volker killed it with interest rates and the Saudies killed any interest in alt. energy with their big oil field discovery. For the last 5 years I’ve been researching what’s changed, and it is frighteningly little. Solar cells are still expensive and only have a 15% conversion efficiency. They developed the new cost reduced film technology, but that knocks down efficiency to 7%. Wind power works where there is wind constantly. Generators are mature technology and are already 90 some percent efficient. Geothermal, tidal, ect. work where they are available. Looks like coal gasification and synfuel is out because it makes too much CO2. Good news is 3rd gen nuclear is way better than 1st gen plants. Hybrid cars are good, and battery technology is finally getting barely good enough for all electric cars to be practical.
  • According to news report today, Japan’s trade surplus is less than 1 billion $ in September 08, a whopping 94% decrease compared to September 07. Does it imply that going forward Japan can not buy as much treasury as before?
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