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The Copper and Brass Fabricators Council said that US imports of brass mill products in May declined by 34.9% y-o-y to 35,348,294 lbs whilst exports plummeted by 43.9% y-o-y to 16,120,361 lbs. The leading exports destination in May was Canada and most imports came from China. Imports of flat rolled products reached 6,855,548 lbs, while exports amounted to 5,671,217 lbs. Imports of tube products were 20,966,908 lbs and exports 5,259,454 lbs. Rods, bars and sections imports were 5,810,096 lbs whilst exports 3,628,657 lbs. Finally, imported alloy wire added up to 1,715,743 lbs and exports totalled 1,561,033 lbs.

"An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia. "

Brazilian refined copper wire exports fell sharply year-on-year in March as Argentina and Costa Rica continued to reduce shipments. Exports for the month totalled 1,848 tonnes, down 41.6% from the same period last year, according to figures from the country's trade ministry. The figure was up from the 1,446 tonnes exported in February. However, combined exports for the first quarter of 2013 stood at 6,220 tonnes, down 47.1% year-on-year. Export revenues stood at $15.09 million, compared with $27.62 million in March 2012. Wire thinner than 6mm accounted for 1,135 tonnes of the exports, whereas other kinds of refined copper wire accounted for 712 tonnes. As in the previous month, Argentina was the main Brazilian copper wire buyer with 1,311 tonnes, although this total was less than the 1,835 tonnes it imported in March 2012. Costa Rica, the second main buyer, registered 203 tonnes, compared with 402 tonnes in the same month last year.

Instead, America's consumption binge drew support from two major asset bubbles-property and credit. Courtesy of cheap and freely available credit, in conjunction with record housing price appreciation, consumers tripled the rate of net equity extraction from their homes, from 3 percent of disposable personal income in 2001 to 9 percent in 2006. Only by levering increasingly overvalued homes could Americans go on the biggest consumption binge in modern history. And now those twin bubbles-property and credit-have burst, and so has the US consumption bubble: real consumer spending fell at an unprecedented 3.5 percent average annual rate in the two final quarters of 2008. While the original excesses were made in America, the rest of the world was delighted to go along for the ride. With the United States lacking in internal saving, it had to import surplus savings from abroad in order to grow-and ran massive current-account and trade deficits to attract that capital. This fit perfectly with the macro-imbalances of the export-led developing countries of Asia, whose exports exceeded a record 45 percent of regional GDP in 2007-fully ten percentage points higher than their share ten years earlier, in the depths of the Asian financial crisis. China led the charge, taking its exports from 20 percent, to 40 percent of its GDP over the past seven years alone. The export-led growth in developing Asia could well be described as a second-order bubble-in effect, a derivative of the one in US consumption.

The State Administration of Taxation in China announced that it will increase its export tax rebates on copper foil, plate and tube from 1st April. The policy was announced on 27th March and it aims to boost Chinese exports. Copper plate's export tax rebate will rise from 5% to 9%, copper foil's from 5% to 13%, and copper tube's from 9% to 13%. It is expected that the measure will support the copper semis market.

China exported 17,646 tons of aluminum not forged or rolled in January, far less than the 77,422 tons exported in last December and the 70,108 tons for the average monthly export of 2008.

"Donald Sadoway: The missing link to renewable energy Tweet this talk! (we'll add the headline and the URL) Post to: Share on Twitter Email This Favorite Download inShare Share on StumbleUpon Share on Reddit Share on Facebook TED Conversations Got an idea, question, or debate inspired by this talk? Start a TED Conversation, or join one of these: Green Home Energy=Hydrogen Generators-alternative sources Started by Kathleen Gilligan-Smith 1 Comment What is the real missing link in renewable energy? Started by Enrico Petrucco 8 Comments Comment on this Talk 60 total comments Sign in to add comments or Join (It's free and fast!) Sort By: smily raichel 0 Reply Less than 5 minutes ago: Nice smily raichel 0 Reply Less than 5 minutes ago: Good David Mackey 0 Reply 3 hours ago: Superb invention, but I would suggest one more standard mantra that they should move on from and that is the idea of power being supplied by a centralised grid. This technology seems to me to be much more beneficial on a local scale, what if every home had its own battery, then home power generation becomes economically more viable for everyone. If you could show that a system like this could pay for itself in say 5 years then every home would want one. Plus for this to be implemented on a large scale requires massive investment that could be decades away. Share the technology and lets get it in homes by next year. Great ted talk. Jon Senior 0 Reply 1 hour ago: I agree 100%. Localised energy production would also make energy consumers more conscious of their consumption and encourage efforts to reduce it. We can invent and invent all we want, but the fast solution to allowing renewable energies to take centre stage is to reduce the base energy draw. With lower baseline consumption, smaller "always on" generators are required to keep the grid operational. Town and house-l

Japan's Ministry of Finance reported that refined copper exports amounted to 23,760t in May, down by 52% y-o-y. This marks the eighth consecutive monthly y-o-y fall in exports, mainly attributed to consumer destocking in China. Conversely, when compared to the previous month, refined copper exports rose by 0.8%. China, Taiwan, Indonesia and Thailand are the major destinations for Japanese refined copper exports.

"China's Ministry of Commerce did not release any export quotas for rare earth, tungsten, and molybdenum in a notice specifying the first group of export quotas for nonferrous metals issued December 29, 2014."

Some Chinese copper producers may be eyeing exports following the removal of a 3% tax on toll-rolled exports in July. In an unprecedented move, some Chinese producers are said to be considering signing export contracts in a bid to stabilise revenues amidst a highly competitive domestic environment. Earlier trade data for September showed a sharp increase in China's export of refined copper, 214,789 tonnes in the first nine months of the year, up 40% from the equivalent figure in 2011.

There are worries growing in the domestic brass bar industry while exports continued decline significantly with exports becoming worse onwards.

Russia Copper Corp. (RCC), a Russia-based integrated producer of copper cathode and wirerod, said that there will be a steep rise in exports of copper cathode from 2015. The company expects Russia to cancel its 10% (variable on copper price) export duty on copper cathodes from 2015 as a prerequisite for its accession to the World Trade Organisation. RCC added that the cost incurred in producing wirerod is around $130/t and the average cost to send it abroad in Q1 2012 was $250/t, whereas the estimated cost of sending cathode abroad was $850/t in that period.

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."

The Chinese government is supporting the copper industry by eliminating taxes on copper concentrate imports and finished copper products exports. China is the world's top copper consumer and according to Antaike Chinese copper consumption in 2009 will grow by 2.1%, revised down from its previous forecast of more than 6%. The duty-free trading policies will benefit copper smelters and fabricators, however, weak global demand will continue to take its toll on Chinese exports.

Japanese Furukawa Electric Co. plans to begin exporting copper power cable from its Shenyang production plant in China to the US and Europe from September 2011. So far, the company has been providing cables for the Chinese market only. It was reported that the quality of cables has improved sufficiently to be exported to industrialised countries. The company hopes to achieve annual sales of US$125M to industrialised countries in the next five years. The company expects strong demand from sustainable sources of energy.

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