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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.
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General Cable's CEO Discusses Q2 2011 Results - 1 views

  • In ROW, our strategy of introducing a broader product range into developing markets helped to offset the impact of lower-than-expected volume across a number of countries. The uneven demand experienced during the second quarter is largely episodic, as the fundamental growth drivers remain solid, and GDP rates for many emerging markets continue to outpace those in the developed world. Sequentially, our second quarter results reflect the impact of stronger demand in Venezuela, Brazil and Zambia. In Venezuela, the company benefited from higher spending on electrical infrastructure as the country works to reinforce a weak power grid. In Brazil, our results reflect the aerial transmission shipments and the introduction of specialty products as the country continues to industrialize while at the same time preparing for the World Cup in 2014 and the Olympic Games in 2016. In Zambia, our results reflect the shipment of aerial transmission products as the government invests in expanding its power grid. In addition, we strengthened our market position and product range in Colombia, Peru, Australia, South Africa and Mexico. In Mexico, we recently qualified and supplied our first high-voltage cables. Our market penetration into Mexico continues ahead of expectation, and is supported by a state-of-the-art manufacturing facility with high-voltage capabilities ranging up to 225 kilovolts and a comprehensive line of products for electric utilities and contractors. Overall, our results in ROW continue to demonstrate the non-linear nature of our business in the short-term, as construction, mining and utility products are moved between reporting periods, government appropriations are authorized and infrastructure investment plans are advanced.
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Finland - PKC group acquires North American wire harness maker AEES - 0 views

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    PKC Group Oyj, the Finnish wiring, cable and electronic manufacturer, signed an agreement to buy AEES, the North American wire harness manufacturer, for €109M in cash and €1.25M in newly-issued PKC shares. PKC principally produces wiring harnesses for the automotive industries in Europe and South America. The company cited the rebounding market environment and AEES' strong North American regional market share as a leading supplier to the heavy and medium truck production sectors as reasons for the takeover.
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UK - Luvata expects sales to increase 10% y-o-y in 2011 - 0 views

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    Luvata, a major copper semis fabricator, announced that it expects a 10% rise in sales in 2011 on the back of strong Asian demand. The company expects sales of around 335,500t of copper semis this year, in comparison to 305,000t in 2010. In 2010, Luvata achieved sales growth of 19.6% y-o-y. The company believes that copper demand is recovering well, with robust growth in China and South East Asia, where the residential construction, manufacturing and electrical engineering sectors are performing strongly.
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Leoni is to Acquire the Other 50% of the Wiring Systems Manufacturer Daekyeung Ahead of... - 0 views

  • Our objective is by 2015 to virtually double our sales in South Korea by broadening our business with existing customers and gaining new customer projects
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Germany - Aurubis declares its desire to acquire companies further overseas - 0 views

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    Aurubis AG, the Germany head-quartered refined copper and copper products fabricator, expressed its interest in pursuing additional acquisitions overseas after recently completing its takeover of Luvata's Rolled Products Division. Aurubis has been interested in companies which operate overseas, primarily in South America, but has so far failed to identify any likely candidates.
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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.
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Copper effective in keeping superbugs at bay - 0 views

  • Said Tom Elliott, professor at the University Hospital Birmingham (UHB), the study leader: "The results of the first clinical trials in both Birmingham and South Africa suggest that the use of copper may assist in maintaining hospital surfaces free of bacteria and could augment cleaning programmes. "The findings related to the use of a copper biocide adds further evidence to the potential of this metal for fighting infection," he added.
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Japan - Exports of refined copper rose by 4.2% y-o-y in October - 0 views

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    According to data released by the Ministry of Finance in Japan, exports of refined copper in October increased by 4.2% y-o-y to 39,197t. It was reported that more than a third was dispatched to China. The figure was also up by 4.2% compared with September, supported by recovered demand from the automotive and semiconductor sectors. Shipments to Taiwan amounted for 31.5% of the total, up from 25% in September. South Korea corresponded to 5% of total exports compared to 6% in September.
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Second-hand (metal) law to help combat stolen copper cable trade - 0 views

  • The new Act does not allow scrap metal dealers to have in their possession any apparatus which could be used for the recycling of any controlled metal or any article or substance containing any controlled metal, Bezuidenhout said at the Copper Cable Theft conference, in Johannesburg.
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Deep-sea mud in the Pacific Ocean as a potential resource for rare-earth elements - 0 views

  • We show that deep-sea mud contains high concentrations of rare-earth elements and yttrium at numerous sites throughout the eastern South and central North Pacific. We estimate that an area of just one square kilometre, surrounding one of the sampling sites, could provide one-fifth of the current annual world consumption of these elements.
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France - Nexans announces 3.9% y-o-y increase in sales - 0 views

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    Nexans announced sales of EUR1.7B (US$2.4B) in Q3 2011, up 3.9% y-o-y. Sales increased by 6.8% y-o-y in the first three quarters of the year. In the energy sector, the company's sales increased by 2.8% in energy infrastructure, 9.6% in industry, and 7.4% in building. With regards to the telecoms sector, Q3 sales increased by 6.0% in telecom infrastructure and 2.9% in private networks (LAN). The consumption of copper cables especially accelerated in Europe and South America. Wire sales were down by 13.8% due to Nexans' decision to utilise more of the material in their own downstream production, resulting in less material being available for external sales.
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SEA Infrastructure Development Programs Fuel Power and Distribution Transformers Demand - 0 views

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    "The lack of a sturdy electrification grid in several countries such asIndonesia, the Philippines, Myanmar, Vietnam, and theSarawak region of Malaysia have prompted power utility companies to budget for grid installations and expansions. The electrification expansion programs of utilities in most of these countries are giving a huge boost to the transformers market in the region. "
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Water scarcity and rising energy costs threaten mining industry - 0 views

  • EY, the consultancy, said affordable water and energy should now be viewed as one of the 10 biggest problems for miners. The threat was particularly acute in South America and Africa, it said. These continents are significant in the global supply of many metals, particularly copper.
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