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Luvata has seen a contraction in demand for copper products in China so far in 2012, senior vp and chief procurement officer Bob Kickham told Metal Bulletin on Monday October 8. “We planned for growth but we saw some contraction, and it’s the first year in as many as I can remember where that’s happened,” he said. The outright contraction in sales volumes runs counter to prevailing analysis indicating that China’s end-use demand grew in 2012, albeit at a slower pace than in previous years. China’s apparent usage – not taking into account unreported changes in inventories held by consumers, producers, traders or the State Reserve Bureau – grew by 27% in the six months to July, driven by an 80% increase in net imports, according to the International Copper Study Group (ICSG). But as the ICSG pointed out, anecdotal evidence suggests that bonded stocks in Chinese warehouses have surged during the same period as demand has failed to keep pace with the stronger imports.“I wouldn’t be surprised at all to see that warehouse stocks in China are at the 650,000-700,000-tonne...

Rio said earlier this month that it was on track to start commercial production by June. Analysts said a delay, should it materialise, would not trigger a profit warning. Production from the mine is expected to hit 74,000 tones this year, or 1.1 per cent of forecast net profit.

Watch the extended interview with outgoing BHP Billiton chief Marius Kloppers and incoming boss Andrew Mackenzie.

Southwire Company and Coleman Cable, Inc. today announced that the companies have entered into a definitive merger agreement under which Southwire will acquire Coleman for $26.25 per share in cash. The transaction, which values Coleman at approximately $786 million, including the assumption of $294 million in net debt, was unanimously approved by the Coleman board of directors.  The parties currently anticipate the transaction will close in the first quarter of 2014.

BHP CEO Andrew Mackenzie suggests that some of the mining boom's best days are ahead despite changes in China's consumption of Australia's resources

“There hasn’t been any real innovation to replace copper wire in the last hundred years until now,” added Rome. “LiteWire is a sustainable, lighter and stronger technology that combines the electrical and mechanical aspects of wire and cable into one product.”

We are pleased to share with you a report titled How Connected Mobility Technology Is Driving The Future Of The Automotive Industry.

Also called net zero energy buildings, ZEBs bring together existing energy efficient technologies to form a high-performance building

Total mined copper production decreased by 3% in the H1 of 2010 compared to the corresponding period in 2009. Lower production was mainly due to reduced volumes at Mount Isa and Ernest Henry as a result of lower grades and at Antamina, where higher mill throughput and recoveries only partially compensated for lower copper ore grades.

Rising copper prices helped KGHM (KGHM.WA), Europe's No.2 copper producer, beat expectations by almost doubling second-quarter net profit, with the market now waiting for the Polish company to upgrade full-year goals

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.

But five new projects coming on line between now and 2014 are likely to turn the country into a consistent net exporter. "By 2014 we will more than double our copper production. We will go from 210,000 tonnes (in 2009) to 475,000 in 2014," Paulo Camillo Penna, head of mining industry association Ibram, told Reuters in an interview.

The new material is a crystal that has been described as being part superconductor and part metal, named a "topological superconductor" by scientists at Princeton University.  When at very low temperatures the crystal’s interior conducts electricity with no resistance as a normal superconductor would.  However the surface is metallic, and therefore has resistance to any current carried.