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Colin Bennett

Red Mud - a resource for the future? - 0 views

  • Making one tonne of aluminium requires about two tonnes of alumina. The production of two tonnes of alumina creates two to four tonnes of red mud or bauxite residue, which is presently regarded as waste from the Bayer process - but it is potentially a valuable resource. The production of 200,000,000 tonnes of red mud every year has a serious effect on the environment. For now, technology enables us to store the residue harmlessly, but this does not remove the problem.
Colin Bennett

Eco-towns are a red herring, says federation of master builders - 0 views

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    Eco -towns sound lovely but are really a red herring to give the Government's housing plans a stamp of green credibility.
Colin Bennett

Rusal launches red mud recycling pilot plant - 0 views

  • UC Rusal has launched its red mud pilot plant at its Urals aluminium smelter (UAZ) in Russia. It will test the viability of producing scandium concentrate from the alumina refining waste product.
Colin Bennett

Zero-Waste Valorisation of Bauxite Residue (Red Mud) - 1 views

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    "To tackle its (critical) raw material dependency, Europe needs comprehensive strategies based on sustainable primary mining, substitution and recycling. Freshly produced flows and stocks of landfilled industrial residues such as mine tailings, non-ferrous slag and bauxite residue (BR) can provide major amounts of critical metals and, concurrently, minerals for low-carbon building materials."
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Grupo Mexico 2nd Quarter Net Profit Drops 14% - 0 views

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    Mexican copper miner Grupo Mexico posted second-quarter net profit of $452m Monday, down 14% versus the same period a year ago, with copper output down from a long-running strike. The company reported sales of $1.758bn, down from $2.089bn last year, as well as a 22% drop in EBITDA to $960m. A strike at the company's largest copper pit, the giant Cananea mine, has dragged on for a full year, cutting into production of the red metal, the company's primary product.
Panos Kotseras

US - Copper imports fell by 14.2% y-o-y in the first 11 months of 2008 - 0 views

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    According to the United States International Trade Commission, US copper imports in November rose by 2.5% m-o-m to 50,992 tonnes, compared with 49,737 tonnes in October. The rise in the imported quantity of copper is not attributed to an increase in physical demand for the red metal, but to the narrowing Comex-LME arbitrage ratio that favoured imports. The physical demand for copper is suffering from ongoing weakness due to the downturn in the US construction, manufacturing and automotive industries. As a result, in the first 11 months of 2008 US copper imports have contracted by 14.2% to 661,918 tonnes, compared to 771,125 tonnes in the same period of 2007.
Panos Kotseras

UK - Copper prices - 0 views

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    Intraday copper three-month prices on the LME rose by 4.1% to US$ 2,940 per tonne on December 29th compared to the closing price on December 24th, affected by higher oil prices and the weaker US dollar. Increases in oil prices are correlated with increases in copper prices since investors see oil as a barometer for the entire commodity class. Then, the weaker US dollar makes metals cheaper for holders of other currencies. However, analysts remain pessimistic about the red metal due to plunging demand as the ongoing economic slowdown will continue to take its toll on the demand for copper.
Glycon Garcia

FT.com / Markets - Codelco wary on copper outlook - 0 views

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    Codelco, the world's largest copper company, on Tuesday took a cautious view on the outlook for the red metal. It warned that it was unclear if US demand had bottomed out yet, said Europe was stagnant, and that the only bright spot was China.
Colin Bennett

Codelco wary on copper outlook - 0 views

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    Codelco, the world's largest copper company, yesterday took a cautious view on the outlook for the red metal. It warned that it was unclear if US demand had bottomed out yet, said Europe was stagnant, and that the only bright spot was China.
Colin Bennett

Grupo Mexico positive on '09 copper prices, demand - 0 views

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    MEXICO CITY (Reuters) - Copper giant Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research, Stock Buzz) said on Thursday strong demand from China coupled with tight global supply meant prices for the red metal were unlikely to fall below $2 per lb in 2009, although the company maintained its annual guidance of $1.75 per lb. "We believe that the infrastructure plans in the United States and China are going to lead to important demand," Grupo Mexico's Chief Financial Officer Daniel Muniz said at the Reuters Latin American Investment Summit in Mexico City.
Colin Bennett

KGHM plans to produce 1m tpy of copper by 2020 - 0 views

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    "Poland-based miner KGHM Polska Miedz is aiming to reach annual production of 1 million tonnes of copper from its own resources by 2020, which would make it the seventh-largest producer of the red metal in the world. "
Colin Bennett

Metal Bulletin: What we learned in Asia Copper Week - 0 views

  • Aluminium is being substituted for copper in China’s power cable sector as a result of the red metal’s high prices and volatility.
Colin Bennett

Main copper producer Chile expects record output thanks to BHPB and Codelco - 0 views

  • Chile, the world’s main copper producing country, said Monday output is likely to reach a record high this year as BHP Billiton (ASX, NYSE:BHP) ramps up supply and state-owned Codelco starts a new mine in the Atacama Desert. Based on the report published by the Chilean Copper Commission (Cochilco), the South American nation expects to generate 5.59 million tons of red metal this year, up 3% from 2012 levels. The country also forecasts world copper supply exceeding demand by 56,000 tons this year and 68,000 tons in 2014. BHP is increasing production at its Escondida mine, in Chile’s arid north, over 20%, while State’s owned Codelco is aiming to lift output to 1.7 million tons with activity starting at its Ministro Hales mine, reports Diario Financiero (in Spanish).
Colin Bennett

Five major copper mines to begin operations in Peru by 2016 - 0 views

  • Five major copper mines, with an estimated investment of $13 billion, are expected to begin production in Peru before 2016, upping the country’s output of the red metal from 1.3 million tonnes last year to 2.8 million tonnes.
Colin Bennett

Fresh calls to investigate bauxite produced by Rusal Aughinish - 0 views

  • Almost 25m tonnes of the liquid has already been deposited on the land bank adjacent since the plant’s opening, leading to concern from farmers and other locals.
Colin Bennett

Peru set to regain world's second largest copper producer place - 0 views

  • According to the country’s Minister of Energy and Mines (MEM), the start up of both mines is the last push Peru needs to take over China as the world’s No. 2 producer of the red metal, a title the South American nation lost in 2012.
Colin Bennett

Battle royal over US copper mine - 0 views

  • At stake is a copper-molybdenum-silver mine which when built will be the third largest copper operation in the US and supply 10% of the country's red metal.
Colin Bennett

Southern Copper optimistic on growing copper demand - 0 views

  • He said that during Q2, global copper demand was up 4.8% QoQ thanks to demand from emerging economies led by China and a recovery in physical consumption in the US and Europe. During the Q2 of this year, US and European demand for fine copper increased by 22% and 4% respectively when compared to the Q1 of this year. These are very positive developments that support our conviction of higher physical demand from now on. In addition, copper production has not grown at the same rate as demand which will further support prices for the red metal. He added that a clear sign of this is the consistent reduction of the combined copper inventories of the London Metal Exchange, COMEX and Shanghai warehouses. At their latest peak in February this year combined inventories were 815,000t." According to Chilean state copper commission Cochilco's weekly report, global stocks stood at 609,478 tonnes.
Susanna Keung

Chinese Copper Demand - Soft Despite January's Import Boom - 0 views

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    Chinese refined copper imports in January amounted to 180,500 tonnes, up by 41.3% y-o-y. Copper scrap imports in January declined by 56.2% y-o-y to 184,400 tonnes gross weight. The consumption side of the red metal remains weak as all the major copper consuming industries are in decline. Building construction, the electronics industry, as well as the automotive sector are suffering due to the economic slowdown. As for the power industry, the Chinese government has allocated a 1 trillion yuan package for power grid investment in the next three years.
Colin Bennett

Chile Feb copper output unharmed by quake - 0 views

  • SANTIAGO, March 30 - Chile, the world's No. 1 copper producer, said Tuesday its output of the red metal rose 3.8 percent to 394,742 tonnes in February from a year ago, reinforcing the view that a massive earthquake on Feb. 27 had no real impact on production.
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