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China - Tongling Nonferrous invests in its copper semis business - 0 views

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    Tongling Nonferrous Metals Group Co., Ltd. has announced that it will invest more than 220 million yuan in Tongling Nonferrous Stock Copper Semis Co., Ltd. As a result, the registered capital of its 100% owned subsidiary will rise from 60 million yuan to 280 million yuan. The subsidiary will be renamed to Tongling Nonferrous Tongguan Electronics Co., Ltd. It will engage in "the processing of copper semis such as enamelled wires, cables, phosphorus copper balls and other copper wire".
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Copper market case study from BME - 0 views

  • The mathematical modelling of metals prices is a useful tool for the mining and investment communities by helping to explain market performance. As a service to Mining Journal readers, we provide here an explanation of Bloomsbury Minerals Economics Ltd's model for copper.London-based BME models metals prices with reference to three 'fundamental' forces: stocks of the metal, economic growth (or specific metal demand) and performance of the US dollar. The models have progressed from dealing with commodities as industrial raw materials to dealing with them as a hybrid physical-investment market.BME is this year introducing the influence of investment/disinvestment on the market, and on ways of better understanding investor flows. 
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Chile's Codelco to Invest $15 Billion in Projects in Next Five Years - 0 views

  • Researched by Industrial Info Resources (Sugar Land, Texas) -- Last week, Codelco (Santiago, Chile), the world's biggest copper producer, announced intentions to invest $15 billion in the next five years to develop new projects.
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France - Nexans to invest US$80M in high voltage cable projects in the US - 0 views

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    Nexans, a leading cable manufacturer, has announced plans to develop an underground Extra High Voltage (EHV) cable manufacturing plant in the US, which is expected to be commissioned in the summer of 2013. The company also intends to extend its submarine High Voltage (HV) activities. Investment is expected to amount to US$80M. Nexans hopes that the facilities will allow it to meet the growing demand from the EHV and HV cable market in the US.
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China - New 400,000t/y wirerod plant enters trial production phase in Guangzhou province - 0 views

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    It was reported that China's Amer International expects to complete construction of its new 250,000t/y copper rod production line, located in its Chaohu City facility in Anhui Province, by year-end. The expansion project will bring Amer's production capacity to 500,000t/y and its total copper rod production is anticipated to reach 200,000t in 2011. A spokesperson for the company said that it will manufacture rod for both domestic and foreign export markets. In addition, Amer also intends to source copper cathode for rod-processing from within China and also overseas. Total investment for the project amounted to RMB2.5B.
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    Jiangxi Copper has said that it will start-up a new 400,000t/y wirerod and wire plant in H2 2012, after missing its scheduled commissioning month of May due to the onset of the rainy season. The plant, which is based in Zengcheng city, Guangdong province, will be fed by refined copper produced by the company's smelting/refining operations resulting in less Jiangxi Copper cathode available to the domestic market. After startup, the company's semi-finished copper products capacity would double to almost 900,000t/y. Whereas Platt's figures indicate that Jiangxi's cathode production is expected to rise by a smaller value of around 150,000t to reach 1.09Mt in 2012.
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    Leyuan Group has started-up 40 copper foil lines with a total annual production capacity of 10,000t. The new plant is located in Tianjin City, Tianjin province and will be supplemented with two further phases of capacity expansions. The second phase lines are expected to be commissioned in June 2012 while the final phase capacity expansions will be operational by June 2013. The plant represents Leyuan Group's only copper foil production facility and the end of the phased capacity expansion project should see the company's maximum production capability amount to 100,000t/y. Leyuan expects to supply the domestic and Southeast Asian markets with copper foil produced from locally sourced copper cathode. Capital investment for the project is expected to amount to RMB1.22B.
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    Southwire, the US-based aluminium and copper cablemaker, has said that while the use of copper in most electrical applications is unlikely to change, some manufacturers are likely to move toward the use of aluminium wire. The auto industry is increasingly using aluminium wire for traditional copper applications. This is occurring most predominantly outside of the US, however domestic autos companies have also been using aluminium wire for battery cable and aluminium wire harnesses for lights. Southwire stated that for most electrical applications copper usage will remain dominant because of its overall reliability.
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    Guangzhou Jiangtong Copper products, a subsidiary of Jiangxi Copper, announced that it began trial production at its new 400,000t/y copper wirerod plant this week. The company expects to supply nearby consumers in southern China as well as those in foreign markets in Southeast Asia. Capital investment expenditure totalled RMB2.0B.
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Codelco plans to exercise Anglo Sur option - 0 views

  • The move to acquire the assets would deal a blow to Anglo, which has invested $2.8bn in an expansion of the Los Bronces mine. The expansion, which will more than double output at the mine to about 490,000 tonnes per year, is due to start production in the last quarter of this year.
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    "The move to acquire the assets would deal a blow to Anglo, which has invested $2.8bn in an expansion of the Los Bronces mine. The expansion, which will more than double output at the mine to about 490,000 tonnes per year, is due to start production in the last quarter of this year."
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E.U. - 'Connecting Europe Facility' investment initiative to boost copper wirerod demand - 0 views

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    The EU announced a 'Connecting Europe Facility' initiative on 19th October, which has substantial potential to boost European wirerod demand. As part of the €50B (US$69.5B) investment initiative, the EU plans to invest €9.1B (US$12.7B) in energy infrastructure, including renewable energy generators, smart meters and smart grids, and €9.2B (US$12.8B) in telecommunications and ICT.
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Hebei Dawufeng Copper temporarily suspends wirerod production - 0 views

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    Xinxing Zhunguan, a Zhejiang-based manufacturer of copper wirerod, plans to increase production at its facility to 165,000t in 2013, up by 10% from 150,000t in 2012. Despite low profitability at Chinese wirerod producers, an official at the company said Xinxing Zhunguan still plans to increase output in 2013 in order to enhance competitiveness. The company said it expects orders to be subdued in the run up to the Chinese Lunar New Year, but then expects a strong rebound after the holiday period. This is consistent with another report on 11th January from Reuters which cited several Chinese copper traders as expecting the period between now and the holiday to be quiet, followed by a strong rebound.
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    Jiangsu Jiangrun Copper Co. Ltd, a large Chinese copper wirerod producer, is planning to increase production of copper wirerod to 500,000t in 2013, up from 280,000t in 2012, according to an official from the company. The official said copper wirerod demand was weak in 2012, and that the company's output fell by 68,000t from 2011. The official said Jiangsu Jiangrun has invested in a new copper wirerod project which will come online from June 2013, giving the company another 350,000t/y of capacity, which will take total capacity to 750,000t/y.
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    According to a survey from Asian Metal, Chinese wirerod capacity is expected to expand by 2.78Mt in 2013. Data published with the report showed that 570,000t of new wirerod production capacity will come online in Q1, followed by another 500,000t in Q2. By the end of the year this will be joined by another 1.71Mt of production capacity. The report cited Chinese local governments' desire to expand GDP growth, as well as the intention of individual companies to grow large enough to list on stock exchanges, as reasons for the rapid expansion in capacity.
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    Anhui Xinke New Material Co. will start production at a new 150,000t/y copper wirerod plant in March, according to an official from the company. The source said that the company is currently in the process of testing the equipment and producing wirerod in small quantities at the site. The official said that since starting construction of the project in November 2011, wirerod demand had become "sluggish" and that processing fees for turning cathode into wirerod had declined. In 2013, the company plans to produce 100,000t of copper wirerod after shutting its old production line which could produce 35,000t/y in early February.
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    Anhui Xinke, the Anhui-based manufacturer of copper wirerod, will put its new 150,000t/y wirerod plant into operation on 1st April, according to a source from the company. The company has invested RMB1.2B (US$191M) in the facility which will operate alongside its existing 35,000t/y facility. The company said that it produced 4,500t of copper wirerod in March, up from 2,500t in February. However, the source said that wirerod trading had slowed down and that it was harder to conclude deals at the moment.
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    According to an official from Chinalco Kunming Copper Co., the Chinese wirerod manufacturer, the company produced 10,000t of copper wirerod in March, up from 7,000t in February. The official said that March's output of wirerod had risen because of a week-long shutdown in February for the Chinese New Year. However, output had still fallen short of the company's 13,000t target. Chinalco Kunming plans to produce 150,000t of wirerod in 2013, utilising around 68% of its 220,000t/y capacity. According to a report from Asian Metal, the company has recently settled its long-term charges for processing 8.0mm wirerod at RMB1,150/t (US$183/t).
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    Wirerod production at Hebei Dawufeng Copper has been temporarily suspended since early April in order to carry out maintenance. The company elected to halt production for a month in order to carry out equipment maintenance, owing to the currently sluggish wirerod market. Production at the plant, which has a wirerod production capacity of 100,000 t/y is scheduled to re-start in early May.
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China aims to build 200,000 KM EHV power grid - 0 views

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    China's government recently announced its 12th five-year plan for its energy industry, and it said it will build a 200,000km extra high voltage (EHV) power grid with capacity higher than 330 KV by 2015. Also announced, the government has set its compound annual growth rate for power installed capacity at 9.0% from 2011-2015, lower than the 13.3% from 2005-2010, demonstrating its intention to slow down investment in the power industry. It expects its installed capacity will be expanded to 1.49 billion KW, up 9.0% from 970 million KW at the end of 2010.
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Infrastructure and Income Distribution in ASEAN-5: What are the Links - 0 views

  • Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both quality and quantity, promotes income equality, while the link between investment and income distribution is weak
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Aluminium demand set to grow 60% in 5 years - 1 views

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    "The primary demand for increased consumption is expected to come from the power sector, where aluminium is a cheaper, lightweight substitute for copper in transmission and distribution, it said. Power distribution companies and government are planning investment of Rs. 4.3 lakh crore over the next five years to expand the transmission and distribution networ"
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Aluminium buckles under weight of supply pressure - 1 views

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    Mr Kloppers can afford to dislike aluminium; the majority of his profits come from iron ore, oil and coal. But for the rest of the industry, his comments have sparked a debate: after a decade of sub-par profitability, is it still worth investing in aluminium?
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Russia - Kyshtym Electrolytic Copper wirerod plant (JSC 'KMEZ') is undergoing modernisa... - 1 views

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    Russkaya Mednaya Kompaniya's (RMK) Kyshtym Electrolytic Copper wirerod plant (JSC 'KMEZ') in the Chelyabinsk region is undergoing development and modernisation work, which involved an investment of 144M roubles (US$4.8M) in 2011 and is expected to require at least a further 170M roubles (US$5.6M) in 2012. RMK stated that it will invest 19.0B roubles (US$627M) in the Chelyabinsk region in 2012.
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Europe - wirerod demand driven by automotive sector and infrastructure investments in Q... - 1 views

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    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.
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