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Panos Kotseras

Netherlands - Xinmao calls off Draka's acquisition - 0 views

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    Xinmao announced that it decided to call off its offer for Dutch cable maker Draka, which valued the company at €1 billion in total. The Chinese firm cited the time pressure which occurred after the placement of Italian cable maker Prysmian's official offer as the most important reason for the withdrawal. The European Commission will review the proposed acquisition by Prysmian in early February.
Panos Kotseras

USA - Chinese copper tube maker Golden Dragon considering building a plant - 0 views

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    It was reported that Golden Dragon Precise Copper Tube Group is considering establishing a plant in the US. The three candidate locations are Thomasville, Little Rock and Dallas. Golden Dragon's copper tube products will serve the HVACR industry. This prospect comes further to the antidumping duties on copper tube imports from China and Mexico. Golden Dragon had established a tube factory in Mexico and its shipments to the US have been impacted due to the duties.
Panos Kotseras

Japan - Ongoing disruptions due to the earthquake - 0 views

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    Sumitomo Electric Industries (SEI) announced that it will build automotive wiring harness plants in Cambodia and the Philippines to reduce the risks of production concentration in China. SEI said that a labour shortage and wage hikes are occurring in China. It was also reported that Brazil is important to SEI because it is "friendly to Japan and rich in natural resources." The company aims to increase the proportion of overseas sales to 50% in FY2011, up from 40% in FY2009. With a view to expanding overseas operations Sumitomo will promote competent employees to executive posts regardless of nationality.
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    It was reported that the copper industry faces ongoing disruptions due to the devastating earthquake in Japan. Mitsui Mining & Smelting said that there are still plant suspensions at several sites in Saitama, Fukushima and Aomori Prefectures. Electrolytic copper foil production in Ageo, Saitama, has been suspended since 11th March. In addition, Sumitomo Electric Industries (SEI) said that Daikoku Electric Wire's sites in Tochigi and Iwate Prefectures continue to be impacted. Daikoku Electric is a subsidiary of SEI and engages in the production of magnet wire.
James Wright

Japan - Brass mill semis output was 73,170t in June, down by 4.2% y-o-y - 1 views

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    The Japan Copper and Brass Association reported that copper semis production amounted to 73,170t in June, a fall of 4.2% y-o-y. This was principally attributed to reduced copper and copper alloy strip production due to weaker demand from the leadframe, automotive component and connector pin segments. In addition, exports of brass strip fell by 38% y-o-y in June. The report comes one month after record import levels of copper and copper alloy fabricated products which expanded by 54% y-o-y to reach 6,251t. This figure consisted of 2,203t brass bar and 1,800t copper tube with 49% of the products received from South Korea and 30% from China.
Colin Bennett

The leading exporters of wire and cable into Brazil - 0 views

  • Currently the leading suppliers into Brazil are China, the US, South Korea and Germany. Total imports amounted to US$663 million in 2010, a 40% increase over 2009.
Colin Bennett

China may re-export copper stockpiles - 0 views

  • Copper stockpiles held in duty-free warehouses in China, the top user, may be re-exported after surging to as much as 350,000 tons from almost none at the start of the year, according to Xi'an Maike Metal International Group. "We can hardly find buyers for refined copper," said Luo Shengzhang, general manager of the copper department at Xi'an Maike. The company ranks among the country's three biggest importers, according to the executive. "China's got to export some copper from now and next year," Luo said in an interview.
Panos Kotseras

China - The copper products market - 0 views

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    According to the China Nonferrous Processing Industry Conference, copper products output in China increased by one million tonnes annually in the past three years. Data released showed that production amounted to 5.3 million tonnes in 2006, 6.3 million tonnes in 2007 and 7.5 million tonnes in 2008. It was reported that Chinese output accounted for 30%, 40% and 50% of world output in 2006, 2007 and 2008 respectively. In addition, the General Administration of Customs said that Chinese copper imports in October reached 263,000 tonnes, an increase of 14% y-o-y. However, on a m-o-m basis the figure contracted by 34%.
Colin Bennett

Glencore - Commodities: Into the spotlight - 0 views

  • The IPO in London and Hong Kong is set to be the largest in history for the UK market and the third largest in Europe – only the privatisations of Deutsche Telekon and Enel of Italy in the late 1990s were bigger. In the process it will transform a highly publicity shy company into a publicly listed $60bn giant, with all the attendant glare. Unsurprisingly bankers – whether involved in the deal or not – consider it the event of the year whose importance reaches beyond the capital markets.
James Wright

China - China expected to remain a top copper scrap consumer - 0 views

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    According to Sims Metal Management Asia, China is anticipated to remain a leading consumer of copper scrap as it continues to produce less recycled copper than required. The company also said that Chinese imports of copper scrap have been steadily increasing. The copper scrap industry has registered a steady recovery, supported by high cathode prices. However, volumes are still below 2008 levels. Generation of copper scrap has been slow, due to the sluggish recovery in the US construction sector.
Colin Bennett

Nanogrid Market to Reach Nearly $60 Billion in Annual Vendor Revenue by 2023 - 0 views

  • At its essence, a nanogrid is simply a small microgrid, typically serving a single building or a single load.  Nanogrids, however, have the ability to fill increasingly important niches within the larger power sector, serving as modular building blocks for energy services that support applications ranging from emergency power for commercial buildings to the provision of basic electricity services for people living in extreme poverty. 
Colin Bennett

Ukraine non-ferrous industry could benefit from EU duty liberalisation - 0 views

  • Ukrainian manufacturers of non-ferrous metals, related products and derivatives exporting to the European Union (EU) could benefit from a planned scrapping of import studies charged on products traded between them.
Colin Bennett

EMED's copper project in Spain gets environment ministry stamp - 1 views

  • The company has announced that its all-important unified environmental authorisation (AAU) has now been signed off by the minister of environment and spatial planning, María Jesús Serrano
Colin Bennett

Nanotechnology law and guidelines in Europe - 1 views

  • The books focusses on marketing aspects such as advertising, codes of conduct and import/export regulations.
Colin Bennett

Bell Labs Hits 10 Gbit/s Broadband Over Copper - 0 views

  • Bell Labs is back, recently setting a new world record of 10 gigabit per second over existing copper wires. Why is this important? Because it solves the fiber-to-residence problem. Fiber cables for high-speed Internet services are being laid all throughout the country and world, but at a relatively slow rate due to the "curb-to-residence" problem. Many home owners are reluctant to let their lawns be dug up to lay fiber from the curb to the house, and many Internet providers are reluctant to incur the cost. Now Alcatel-Lucent's Bell Labs (Murray Hill, New Jersey) has a invented a solution -- a method of running 1-to-10 gigabit per second broadband signals from the curb to the residence using the existing copper telephone lines already there.
Colin Bennett

Cu-Ni nano-alloy can be two-faced - 0 views

  • Researchers at the University of Texas at San Antonio say that they have produced a new phase map of the copper-nickel nanoalloy – a technologically important catalyst used in a wide range of industrial processes – that goes a long way in explaining how the size and shape of the nanoparticles affect the alloy’s melting temperature. The map could allow engineers to make specific types of Cu-Ni structures depending on the application required by simply tuning alloy synthesis parameters.
Colin Bennett

Copper maintains upward momentum on trade deal hopes - 2 views

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    "Analysts say that further demand for copper will come from electric vehicles, which use four times as much of the metal as traditional cars. But they say this will play out over the next few years, leaving the trade war as the most important influence on copper prices in 2020".
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