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In late-May, two further large metal recycling projects have been announced in China as the country seeks to satisfy its burgeoning need for scrap metal given its shortfall in mineral resources. The Wuzhou Resource Recycling project has been approved to be constructed in Cangwu county in Guangxi province. The total investment in the project is 15bn Yuan. The construction is planned to cover an area of 667 hectares, divided into three stages, and will eventually create 40,000 new jobs. Separately, the Zhonghong recycling industrial park in Shenyang, Liaoning province has been completed and is to open in early June. The industrial park covers an area of 3 square kilometres and has cost 5bn Yuan to develop. It will create 10,000 employment opportunities and has dismantling capacity of 1 million metric tonnes per year.

China to boost scrap recovery for smelters and fabricators

From the end of this month, BT will start upgrading its exchange to provide broadband connections running at up to 24 megabits per second - three times the present limit of 8Mbps - thanks to a technology called ADSL2+, which transmits the data signal down the line on a carrier frequency twice as high as the present ADSL2.

Sumitomo Electric Industries, the Japan based wire and cable manufacturer, has announced plans to provide its newly-developed aluminium wire harnesses to Toyota, for use in the Yaris subcompact, from 2011. Although the new product in 20-25% larger than a conventional copper wire harness, it weighs roughly 40% less because aluminium is lighter, thus improving vehicle efficiency of vehicles. With the price of aluminium presently very low relative to copper, the new aluminium wire harness should also reduce costs.

Pushing up the price of goods.

"It's obviously had an impact on our projects, but we have the advantage of having the majority of the projects in the evaluation phase so we can put them off for the following years," Xstrata Copper CEO Charlie Sartain said. However, Xstrata's copper unit still has a number of projects coming on line this year or expanding output, which will help to solidify the company's role as the world's fourth-largest copper producer, he said.

The London Stock Exchange listed Indian company, Vedanta, will build a US$15M (Dh55M) continuous copper rod plant with annual capacity of 100,000 tonnes in Fujairah, UAE, which will be operational by December to capture the strong demand from regional infrastructure projects. Copper rods manufactured by the plant will be used in cables for power grids for the region and the company is expecting more demand coming from not only the UAE and the GCC but the whole Middle East.