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Matthew Wonnacott

SuperPower to double its production of super conducting wirerod - 0 views

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    Sumitomo Electric Industries Ltd., Yazaki Corp. and other automotive wiring harness manufacturers have temporarily shut down some of their production lines in Thailand. This follows the severe flooding which directly led to Honda Motor Co. closing down local assembly lines at its factory in Bangkok as well as Toyota Motor Co. shutting down its three plants in Eastern Thailand due to parts shortages.
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    Japan Metal Daily reported that Sumitomo Electric Industries Ltd.'s construction of new automotive wiring harness manufacturing facilities will be ongoing until April 2012. This follows a press release from Sumitomo Electric Industries Ltd. in February 2011 detailing the company's proposals for new wiring harness production facilities in Vietnam and China. The February announcement states that the company's Vietnam-based production will increasingly supply Japan and the US, whereas Chinese production will serve local needs as well as demand from Japan and the US. The new Vietnamese factories were originally intended to begin operations in October 2011, whereas the start date outlined for facilities in China was June 2012.
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    JX Nippon Mining & Metals, an integrated Japan-based refined copper and semi-finished products fabricator, began full-scale production of an ultrathin rolled copper foil, measuring between 6 and 9 microns in thickness. The new products are suitable for use in smartphones and tablet PCs. Advances made in the company's rolling and surface roughening process technology led to the development of the new products. The company estimates that it holds a 75% global market share of treated rolled copper foil, which finds its main application in flexible printed circuit boards for mobile devices.
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    SuperPower Inc, a subsidiary of Furukawa Electric, announced on 7th December that it plans to double the production capacity of superconducting wirerod at its US plant in 2013. The company said it anticipates demand for the wirerod, which is used in areas such as superconducting magnetic energy storage, will increase over the next four to five years, and that it is intending to raise production to meet the new demand.
Colin Bennett

Electricity industry looks to a green electric future - 0 views

  • Carbon capture and storage remains a nascent technology: no one has yet proved that an integrated process can work on a commercial scale. But the US, Canada, Australia, the European Union and others have pledged billions of dollars to back demonstration projects. This suggests commercial deployment could be possible around 2020.Even so, any transition to carbon-free generation will take decades. Low-carbon technologies are generally more expensive than fossil-fuel plants: some, such as offshore wind, are a lot more expensive. And with wind, power generation will not be constantly available. Britain, which is backing Europe's fastest expansion of wind power, is building into its plans for 2030 a huge margin of spare generation capacity which can be used when there is no wind.
Colin Bennett

Hindustan Copper to raise Rs 1,700 cr via FPO - 0 views

  • The public sector copper producer Hindustan Copper (HCL) today said it will come out with a follow-on public offer (FPO) to raise Rs 1,700 crore by diluting 10 per cent stake for part-funding its expansion plans.
Colin Bennett

MIT Liquid Battery Inventor Returns With Big Plans for Ultra-High Current Industry - 0 views

  • Back in March, there was everything about a battery that contained antimony, sodium sulfide and magnesium. Because of patenting secrecy, any further public details have not been given, so what we know now of the battery’s components, like then, is that there are two metals and a salt involved. Update: if you watch the blackboard behind him, you’ll see that the “secret” is about Nickel and Copper.
Colin Bennett

Chile's Codelco to quantify its lithium reserves - 0 views

  • Chile's state copper giant Codelco said on Friday it plans to carry out a study to see how much lithium lies on its properties, but said it was too early to say if it could eventually begin to produce the metal.
Colin Bennett

Xiangguang Copper may buy 15% stake in CuDeco - 0 views

  • Xiangguang Copper, a copper smelting unit of chicken supplier Shandong Fengxiang Group is planning to acquire a stake in Australian gold and copper miner CuDeco, to bolster its raw material supplies.
Hans De Keulenaer

China Invested $88 billion in High Speed Rail in 2009 - HSR | Clean Fleet Report - 0 views

  • China’s Ministry of Railways spent $88 billion on HSR projects in 2009 – part of an existing $300 billion plan to expand and connect all of the country’s major cities with a projected 10,000 miles of dedicated HSR lines by 2020.
Colin Bennett

Furukawa copper output to jump in H1 2010/11 yr/yr - 0 views

  • Japan's Furukawa Co Ltd plans to produce 46,350 tonnes of copper in the April-September half of the 2010/11 fiscal year, which began on Thursday, up 14 percent from the same period last year, it said.
Colin Bennett

China firm to invest $600 million in Zambia copper mines - 0 views

  • Luo said $300 million would go to the Luanshya copper mine, which CNMC took over last year, and most of that money would be spent on developing the Mulyashi copper project. According to official data, CNMC plans to start developing the Mulyashi copper mine this year after approving a feasibility study and production is expected to begin in 2012 with output projected at about 60,000 tonnes of copper a year.
Colin Bennett

Rio Tinto copper production up - 0 views

  • Rio Tinto plans to significantly increase its copper productions through organic growth and acquisitions.
Colin Bennett

KGHM buys stake in Canadian miner - 0 views

  • KGHM (KGHM.WA), Europe's No.2 copper producer, agreed to buy a stake in a Canadian-based mining company, moving forward with plans to lessen its reliance on domestic deposits, its chief executive said on Friday.
Colin Bennett

KGHM plans to spend $2bn on takeovers from now to 2014 - 0 views

  • Europe's second largest copper miner KGHM KGHM.WA has earmarked 6 billion zlotys ($2 billion) for takeovers until 2014, chief executive Herbert Wirth said on Wednesday. KGHM, which announced a joint-venture with Abacus Mining and Exploration (AME.V) worth $37 million on Tuesday, was eyeing more projects in Canada. "We are preparing more projects. We are deeply interested in Canada," Wirth told a news conference.
Panos Kotseras

Japan - Copper wire and cable shipments up 1% y-o-y in December 2010 - 0 views

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    According to data released by the Japanese Electric Wire and Cable Association, copper wire and cable shipments rose by 1% y-o-y to 56,500t in December 2010. However, deliveries were down from 60,656t in the previous month and the December figure was the third lowest since 1975. It was commented that demand from the automotive sector remained weak whilst a quick recovery is not expected as automotive makers have cautious production plans for the current year. In addition, the association said that shipments in full year 2010 amounted to 680,702t, a 4.9% increase from the previous year.
Panos Kotseras

Italy - Prysmian confident for Draka deal - 0 views

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    Prysmian said that if it proceeds with the takeover of Draka, it has no plan to dual-list its shares in Amsterdam. The Italian cable maker aims to take full control of Draka and de-list the Dutch company. Prysmian also commented that a return of Chinese Xinmao is highly improbable and expects that no other cable maker will make a bid as it is very late in the process.
Colin Bennett

China to Invest 500 Billion Yuan in Ultra-High Voltage Grids- Economic Observer News- China business, politics, law, and social issues - 0 views

  • China plans to invest more than 500 billion yuan in constructing a system of UHV AC and UHV DC grids in the coming five years, according to Liu Zhenya, general manager of the UHV Grid Extension Project. According to Liu, the total length of China’s UHV transmission lines will reach 40,000 kilometers.
Colin Bennett

KGHM Might Raise Annual Copper Output to 800,000 Tons - 0 views

  • Polish copper producer, may increase annual output more than planned, to 800,000 metric tons, if it buys one of the mining companies it’s monitoring for possible acquisition, Dziennik Gazeta Prawna said, citing an unidentified person familiar with the matter.
Colin Bennett

Copper miner Kazakhmys eyes $6 bln investment - 0 views

  • Kazakh copper miner Kazakhmys plans to spend $6-billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company's chairman said on Friday.
Panos Kotseras

China - Huameida Copper starts 100ktpy copper wirerod project - 0 views

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    Hong Kong Haojidi International Group established Huameida Copper Co., Ltd. in Liaoning Province, China, the investment of which amounted to US$100M. Huameida Copper will engage in the manufacturing of copper semis. According to plans, the company will have capacity of 100ktpy of copper wirerod and 1.2ktpy of solar battery copper wire. It was commented that when the project is commissioned, it will be the largest copper wirerod project in the three north eastern provinces of China (Liaoning, Jilin and Heilongjiang).
Panos Kotseras

China - Jianxin Copper produced 34,500t copper wirerod in 2010 - 0 views

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    Jianxin Copper announced that it produced 34,500t of copper wirerod and 3,216t of copper ingot in 2010, realising 2.2bl yuan sales income. The company plans to increase output to 60,000t in 2011 and achieve 3.0bl yuan sales income. Jianxin Copper, which is located in Yujiang County, Jiangxi Province, China, commenced production in April 2009. Total investment amounted to 180ml yuan.
Colin Bennett

Copper mining could yield billions for Minnesota schools - 0 views

  • The two companies that have signed leases with the state are Teck Resources Ltd. and Twin Metals Minnesota. Teck, based in Vancouver, Canada, has said little about its Minnesota plans. Twin Metals has proposed a deep underground mine costing more than $1 billion south of Ely. Neither company has sought environmental reviews or applied for permits to mine so far.
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