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Wade Ren

Demographic projections and trade implications - 0 views

piaohaoreport.sampasite.com/...aphic-projections-and-trad.htm

trend

shared by Wade Ren on 22 May 08 - Cached
  •   To summarize the raw numbers, China’s population is expected to grow from 1.32 billion today to 1.46 billion in 2030, after which it will decline slowly, to around 1.42 billion in 2050.  Its working population is currently around 840 million.  This component of the population will rise in the next ten years to around 910 million and then will decline quite rapidly to around 790 million by 2050.
  • The graph below shows the composition of China’s population by age group.  Needless to say the most dramatic change is the explosive growth of the over-65 population, followed by the decline in the share of the young.  Another way of understanding this is to note that China’s median age basically climbs over this period from 24 to 45 (which, by the way, may have favorable consequence for long-term political stability).
  • I don’t have the figures yet from before 1990, but looking at other sources I would guess that China’s working population grew by about 2% or more annually during the 1970s and 1980s.  In the 1990s, as the table indicates, the growth rate of the working population slowed to 1.72%, declining further in the current decade to around 1.42% on average.  The number of working Chinese keeps growing until around the middle of the next decade, and then begins to decline by about half a percent a year.
  • ...3 more annotations...
  • All this has important implications both for nominal growth rates and per capita growth rates in the next few decades.  For one thing, a country’s GDP growth rate can be expressed as a factor of the growth rate of its working population and the growth rate of average productivity per worker.  As the growth rate of the working population swings from positive to negative – by a little more than 2%, depending on what periods you compare – this will have a commensurate impact on Chinese GDP growth rates, i.e. all other things being equal (which of course they are not).  China’s equilibrium growth rate should be about 2% lower than the equilibrium growth rate of the past two or three decades.
  •  This implies that over the last three decades China has had a demographic bias towards trade surpluses (working population, a proxy for production, grew faster than total population, a proxy for consumption), but over the next three decades it is likely to have a demographic bias towards trade deficits.  
  • Three years ago I argued in a Wall Street Journal OpEd piece that because of the aging and declining populations of Europe and Japan (and to a lesser extent China and Russia), compared to the growing population and relatively stable age distribution in the US, it was not unreasonable for the former countries to run large current account surpluses with the US since they would need the accumulated claims against the US to pay for the current account deficits they would need to run to manage their demographic adjustments.  This is why I have never been terribly worried about the sustainability of the US trade deficit.  In the next decade it is likely that demographic changes will create pressures to reverse those US trade deficits.
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?
Matthew Wonnacott

November utilisation up at Chinese wire and cable producers - 0 views

en.smm.cn/...s-to-highest-level-in-november

Copper China wire cable utilisation

shared by Matthew Wonnacott on 06 Dec 12 - No Cached
  • Matthew Wonnacott on 06 Dec 12
     
    A recent survey by the Shanghai Metals Market of 20 major Chinese wire and cable producers, with a total capacity of 1.007Mt/y, showed that operating rates in November hit an annual high of 79.37%, up 3.97% m-o-m. The reading showed a strong rebound from October but remains well below levels seen in 2011, when utilisation rates hit a high of 92.10%. The healthiest utilisation rates in the sector were for large producers (> 50,000t/y), whose rate was at 83.31% in November, well above small producers (<20,000t/y), whose reported utilisation rate was just 56.80%. Both large and small producers reported low raw materials stock levels at between 19% and 21% of production.
Panos Kotseras

US - Wolverine Tube's credit ratings - 0 views

http:

US Wolverine Tube credit ratings

shared by Panos Kotseras on 26 Mar 09 - No Cached
  • Panos Kotseras on 26 Mar 09
     
    Standard & Poor has announced that it placed credit ratings for Wolverine Tube Inc. on CreditWatch. The decision includes its 'CC' corporate credit rating and 'C' senior unsecured debt. Wolverine Tube announced its decision regarding an exchange offer of senior notes due 2009 for new ones due 2012. Given the current market conditions and the financial position of the company, this decision raises default risk levels. Standard & Poor will monitor the exchange offer.
Matthew Wonnacott

Operating rates fall at electrical wire and cable makers - 0 views

www.metal.com/...-operating-rate-falls-to-48.46

Copper trends China cable wire SMM

shared by Matthew Wonnacott on 04 Mar 13 - No Cached
  • Matthew Wonnacott on 04 Mar 13
     
    According to a February survey from the Shanghai Metals Market, the operating rate at 21 major Chinese electrical wire and cable makers fell to 48.5%, a 21 percentage point fall from January. The drop in utilisation rate was the result of the Chinese New Year celebrations which fell in February this year. Operating rates are expected to rebound in March as cable makers increase production to fill contracts from China's State Grid Corporation. The survey also revealed that raw materials stocks rose by 15.3 percentage points in February to 49.8% of production in February.
Matthew Wonnacott

Operating rate seen up at Chinese wirerod producers - 0 views

en.smm.cn/...-increases-to-7429-in-november

Copper trends China wirerod SMM

shared by Matthew Wonnacott on 10 Dec 12 - No Cached
  • Matthew Wonnacott on 10 Dec 12
     
    A survey of 21 major Chinese wirerod producers, with total capacity of 3.67Mt/y, showed that the average operating rate increased to 74.29% in November, up 5.27 percentage points from October. The survey cited an increased demand for wire from the power generation and construction sectors, as well as a roll off of October's seasonal effects as reasons for the increase. The overall level of utilisation in November 2012 was down 12.51 percentage points from a rate of 86.80% in November 2011. The survey also reported that raw materials inventories at Chinese wirerod producers had decreased to 13.98% of production, stating that most producers are not expecting large increases in the copper price, and with tighter cash flows, prefer to hold smaller inventories.
Matthew Wonnacott

Henan Golden Dragon to open a new high precision copper tube plant - 0 views

Antaike

copper trends China tube

shared by Matthew Wonnacott on 13 Dec 12 - No Cached
  • Matthew Wonnacott on 13 Dec 12
     
    Yangzhou Baosheng Copper Industry, a large Chinese manufacturer of wire and cable, announced on 12th December that it had placed an order with Germany's SMS Meer for a CONTIROD system to be installed at its plant in Baoying, Jiangsu province. The new system, which has a capacity of 48t/h, will come into action in 2014 and will enable the company to expand its range of products.
  • ...3 more comments...
  • Matthew Wonnacott on 28 Dec 12
     
    Guangyuan Copper Co., a Chinese producer of oxygen-free copper wirerod, announced on 25th December that it has fully opened its new facility based in the Yingtan Hi-Tech Industry Zone in Jiangsu, China. The new facility, which has been running on a trial basis since September 2012, is expected to produce 10,000t/y of high purity oxygen free copper wirerod.
  • Matthew Wonnacott on 20 Feb 13
     
    According to data from the Jiangxi Commission of Industry and Information, 2012 output of copper semis in the Chinese province of Jiangxi was 2.09Mt, a 24.5% increase on 2011. According to the Commission there are 286 copper companies with revenue above RMB5M (US$795,000) in Jiangxi, including China's largest integrated smelter and semis producer Jiangxi Copper Co.
  • Matthew Wonnacott on 07 Mar 13
     
    Chinalco Shanghai Copper Co, a subsidiary of China Aluminium Group Corporation, will produce 45,000t of flat-rolled copper plate and strip in 2013, according to a source from the company. The company has copper plate and strip production capacity of around 70,000t/y according to Antaike, suggesting a utilisation rate of around 64% for the year. Chinalco Shanghai Copper Co also produces copper foil at its Baoshan-based production facility and currently has a capacity of 20,000t/y.
  • Matthew Wonnacott on 13 Mar 13
     
    According to an annual survey from Antaike, operating rates at Chinese copper fabricators were on average 2.66 percentage points lower in 2012 than in 2011. The sector that saw the largest slow down in utilisation was the copper tube sector, down 7.27 percentage points in 2012, due to low operating rates in air conditioner sector denting the demand for copper tube in China. Wire manufacturers and foil manufacturers were reported to have fared better in 2012, with utilisation rates rising modestly.
  • Matthew Wonnacott on 13 Mar 13
     
    Henan-based Golden Dragon Precise Copper Tube (Henan Golden Dragon), the world's largest manufacturer of commercial copper tube, will open a new 30,000t/y high precision copper tube factory in July 2013. Henan Golden Dragon begun production of the facility in May 2012 and have invested a total of RMB 380M (USD60.5M). The factory will produce high precision copper tube.
anonymous

A new era for commodities - McKinsey Quarterly - Energy, Resources, Materials - Environ... - 1 views

www.mckinseyquarterly.com/A_new_era_for_commodities_2887

shared by anonymous on 18 Nov 11 - No Cached
  • A new era for commodities
  • anonymous on 18 Nov 11
     
    A new era for commodities Cheap resources underpinned economic growth for much of the 20th century. The 21st will be different. NOVEMBER 2011 * Richard Dobbs, Jeremy Oppenheim, and Fraser Thompson Source: McKinsey Global Institute, Sustainability & Resource Productivity Practice In This Article Exhibit: In little more than a decade, soaring commodity prices have erased a century of steady declines. About the authors Comments (2) Has the global economy entered an era of persistently high, volatile commodity prices? Our research shows that during the past eight years alone, they have undone the decline of the previous century, rising to levels not seen since the early 1900s (exhibit). In addition, volatility is now greater than at any time since the oil-shocked 1970s because commodity prices increasingly move in lockstep. Our analysis suggests that they will remain high and volatile for at least the next 20 years if current trends hold-barring a major macroeconomic shock-as global resource markets oscillate in response to surging global demand and inelastic supplies. Back to top Demand for energy, food, metals, and water should rise inexorably as three billion new middle-class consumers emerge in the next two decades.1 The global car fleet, for example, is expected almost to double, to 1.7 billion, by 2030. In India, we expect calorie intake per person to rise by 20 percent during that period, while per capita meat consumption in China could increase by 60 percent, to 80 kilograms (176 pounds) a year. Demand for urban infrastructure also will soar. China, for example, could annually add floor space totaling 2.5 times the entire residential and commercial square footage of the city of Chicago, while India could add floor space equal to another Chicago every year. Such dramatic growth in demand for commodities actually isn't unusual. Similar factors were at play throughout the 20th century as the planet's population tripled and demand for various resource
James Wright

China - Downstream processors of copper in China enjoy rising utilisation rates in August - 2 views

www.brecorder.com/...80529.html

Copper China August SMM NBS 2012 wire mill cablemaker wirerod utilisation operating rate

shared by James Wright on 24 Sep 12 - No Cached
  • James Wright on 24 Sep 12
     
    Shanghai Metals Market (SMM) reported that the average operating rates of copper cablemakers in China rose by 10 percentage points to reach 78.7% in August. Newly tendered contracts from the State Grid Corporation of China during July and August led to the production increase. Figures from the National Bureau of Statistics also indicate that cable output rose by 2.5% m-o-m to 3.53M km in August. In addition to this, an August survey of Chinese copper wirerod fabricators by SMM showed a 2 percentage point increase in the industry's average utilisation rate from the previous month, reaching 75%.
Colin Bennett

Replacing Copper with Aluminum in Cable Presents Huge Market Potential - Shanghai Metal... - 2 views

www.metal.com/...presents-huge-market-potential

trends copper substitution China

shared by Colin Bennett on 14 Aug 15 - No Cached
  • Colin Bennett on 14 Aug 15
     
    "SHANGHAI, Aug. 11 (SMM) - There is huge market potential to replace copper with aluminum in China's cable industry, cableabc.com reported. Market value of China's aluminum alloy cable approached 13 million yuan ($2.1 million) in 2014. However, China's rate of substituting aluminum alloy for copper in cable is just 3%-5% at present, well below 55% in Japan. Currently, the rate of using aluminum alloy and Al-Mg-Si alloy to replace copper cable has reached 70%-75% in the US, cableabc.com added, quoting data from Research and Markets. "
Colin Bennett

Credit crunch will exacerbate the commodity super-cycle - FT - 0 views

www.ft.com/...13-11dd-8a1f-0000779fd2ac.html

trends copper economy

shared by Colin Bennett on 10 Feb 09 - Cached
  • Colin Bennett on 10 Feb 09
     
    The commodity super-cycle is not over, it is just pausing. For the world economy to resume growth of 5 per cent, energy supply must expand by a similar rate. But with lower oil prices and a credit crunch, energy investment is plummeting, suggesting global energy demand will eventually pick up more rapidly than productive energy capacity. Assuming the ongoing global recession does not turn into a multi-year event that pushes energy demand down structurally, steep decline rates could again put upward pressure on oil prices as soon as 2010 or 2011. In particular, if the low oil price/high cost of money environment persists for most of this year and next, our base case scenario for non-OPEC production could prove optimistic, exacerbating the second leg of the commodity super-cycle. If and when the global economy starts to recover, too many dollars chasing too few barrels will only lead to much higher oil prices.
Colin Bennett

After the era of excess - 0 views

whatmatters.mckinseydigital.com/...after-the-era-of-excess

trends copper economy

shared by Colin Bennett on 04 Mar 09 - Cached
  • Colin Bennett on 04 Mar 09
     
    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.
Colin Bennett

Energy, utilities & mining - US power utilities - 0 views

www.ft.com/...bb-11de-a555-0000779fd2ac.html

trends copper utility USA

shared by Colin Bennett on 10 Mar 09 - Cached
  • Colin Bennett on 10 Mar 09
     
    Unable to retrench like their unregulated counterparts, utilities are investing more than they were just a few years ago while paying record spreads over risk-free rates for financing. At the same time, revenues are under pressure due to softening power prices and an economically driven drop in demand. The past three months have seen a 1.8 per cent drop in US power usage versus the same period a year ago, according to the Edison Electric Institute. Adding insult to injury, Macquarie Research reckons regulators might become less generous when setting rates since compressed Treasury note yields may be used to justify a lower regulated return on equity.
Susanna Keung

Standard and Poor Announced Wolverine Tube's Credit Rating - 0 views

www.wlv.com

Wolverine credit rating

shared by Susanna Keung on 03 Mar 09 - Cached
  • Susanna Keung on 03 Mar 09
     
    Standard & Poor has announced that it placed credit ratings for Wolverine Tube Inc. on CreditWatch. The decision includes its 'CC' corporate credit rating and 'C' senior unsecured debt. Wolverine Tube announced its decision regarding an exchange offer of senior notes due 2009 for new ones due 2012. Given the current market conditions and the financial position of the company, this decision raises default risk levels. Standard & Poor will monitor the exchange offer.
Glycon Garcia

World of Renewables - Renewable Energy News, Events, Companies, Products, Jobs and more... - 0 views

www.worldofrenewables.com/...higher_than_energy_demand.html

shared by Glycon Garcia on 16 May 11 - No Cached
  • Glycon Garcia on 16 May 11
     
    Wind energy's 32% growth rate in 2009 as an example of "the impressive growth rate of renewables" The total global potential for renewable energy "is substantially higher than both current and future projected global energy demand" is the message of the Special Report on Renewable Energy Sources and Climate Change Mitigation released by the UN Intergovernmental Panel on Climate Change (IPCC) today in Abu Dhabi.
Colin Bennett

Sterlite Technologies reports revenue growth of 32% and EBITDA growth of 90 % on YoY basis - 0 views

www.yourcableandwirenews.com/90+%25+on+yoy+basis_36190.html

trends copper Sterlite India

shared by Colin Bennett on 28 Jan 15 - No Cached
  • Colin Bennett on 28 Jan 15
     
    "Power Segment highlights The Power products and solutions business revenues stood at Rs. 461 Crores, up 61% Q-O-Q as conductor volumes at about 27,000 MT have started showing signs of improvement In the Power products and solutions segment, we have added new accounts in the European markets for power conductors and in India for OPGW products. Order book at Rs 2400 crores in Power products segment remains healthy and well diversified with exports nearly accounting for 40% of total order book. Power Transmission Segment East-North Interconnection Company Ltd. (ENICL) became fully operational with completion of the second 400 KV double-circuit quad transmission line connecting Bongaigaon in Assam to Siliguri in West Bengal which makes us the only private transmission utility to successfully commission the first private mega transmission project in the country. In Bhopal Dhule Transmission Company Ltd. (BDTCL) project, few more milestones were achieved with commissioning of two more lines and two substations taking us to nearly 60% completion for the project The current revenue generating elements of the first three projects have an annualized revenue run rate of Rs 287 crore which has shown a major increase from the annualized revenue run rate of Rs. 68 crores at end of previous quarter With Sterlite's investments completed in these projects, we expect the other 2 projects BDTCL and JTCL to be fully operational progressively in next 2 quarters."
Colin Bennett

Global Market for Power Transmission and Distribution Cables - 0 views

www.yourpowertransmissionnews.com/26+trends+2015-2020_36695.html

trends copper transmission distribution

shared by Colin Bennett on 19 Mar 15 - No Cached
  • Colin Bennett on 19 Mar 15
     
    "Due to the impact of the economic slowdown, the market witnessed a decline in the growth rate from 2009. However, the market is set to achieve strong growth rate from 2012 onwards. Capital spending and investments in industries worldwide is expected to boost growth of the market."
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."
xxx xxx

Solar industry fights utility's big solar project - 1 views

greenwombat.blogs.fortune.cnn.com/...hts-utilitys-big-solar-project

renewable energy

shared by xxx xxx on 12 Aug 08 - Cached
  • xxx xxx on 12 Aug 08
     
    When Southern California Edison unveiled plans to install 250 megawatts' worth of solar panels on warehouse roofs back in March, it was hailed as a ground-breaking move. In one fell swoop, the giant utility would cut the cost of photovoltaic power, expand the solar market and kick-start efforts to transform untold acres of sun-baked commercial roof space into mini-power plants. There's just one problem: the solar industry is fighting the billion-dollar plan. In briefs filed with the California Public Utilities Commission, solar companies, industry trade groups and consumer advocates argue that allowing a utility to own and operate such massive green megawattage will crowd out competitors who can't hope to compete with a project financed by Edison's ratepayers. (In California, shareholders of investor-owned utilities are guaranteed a rate of return for approved projects, while utility customers bear a portion of the costs in the form of higher rates.) The five-year plan "would establish SCE as the monopoly developer of commercial-scale distributed solar in its service territory," wrote Arno Harris, CEO of Recurrent Energy, a San Francisco company that sells solar electricity to commercial customers. "This would irreparably impair the development of a competitive solar industry."
Matthew Wonnacott

Utilisation rates at Chinese tube producers up in November - 0 views

en.smm.cn/...ing-rate-increases-in-november

trends China tube SMM Copper

shared by Matthew Wonnacott on 17 Dec 12 - No Cached
  • Matthew Wonnacott on 17 Dec 12
     
    A recent survey by the Shanghai Metals Market of 21 major Chinese copper tube producers, with a total capacity of 1.24Mt/y, showed that operating rates in November rebounded to 71.12%, up 9 percentage points from October. The survey suggested that the bounce came as a result of weak production in October, rather than a particularly strong November. The commentary released with the survey stated that inventories of air conditioners, a major end use of copper tube, had declined to a historical low of 6.89M units in November. The survey also revealed that producer's inventories of raw materials had fallen in November to 15.7% of production, down 2.28 percentage points from October.
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