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Bright Annealing Copper and its Alloys - 0 views

  • The annealing of the majority of copper-based alloys is not very demanding in terms of protective atmospheres. However, the protective atmosphere used can be critical to the apparent quality of the finished product.
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USA - Freeport-McMoRan awaiting market recovery - 0 views

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    In the 9th World Copper Conference, organised by CRU in Santiago, Chile, Freeport-McMoRan said that they are 'enormously enthusiastic' about copper's long-term outlook. However, in the short-run, the company waits to see that demand has recovered in most parts of the world, especially in the US market. Confidence will improve when consumers start spending and businesses start investing and employing people.
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Emerging markets bolster copper outlook: Freeport - 0 views

  • Freeport-McMoRan Copper & Gold Inc (FCX.N) sees a tighter global supply base for copper and strong demand from China and the developing world favoring the industrial metal's longer-term outlook.
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General Cable Reports Fourth Quarter Results - 0 views

  • "Very strong transmission cable demand in the United States and Brazil as well as a growing business in Mexico offset normal seasonal volume declines in other product areas in North America and ROW. In Europe, the Company experienced better than expected demand across the majority of its businesses and the achievement of project milestones associated with our submarine energy cable business. Our project related businesses by their nature have been and we expect will continue to be volatile in terms of their revenues and earnings recognition. While the benefit of a stronger fourth quarter in our transmission and project related businesses is welcome, our end markets and overall demand have only started to improve in many locations.
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Beijing aims for slower, greener growth - Next 5 year plan - 0 views

  • China, the world’s largest energy consumer, intends to generate 11.4 per cent of its energy from non-fossil fuel sources by 2015, up from 8 per cent today, under the terms of the next five-year plan. That shift is equivalent to moving the whole of Italy off fossil fuels.
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US - Luvata increases tolling to reduce exposure to copper prices - 0 views

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    Luvata's North American rolled copper products business is asking some clients to buy their own cathode. The semis fabricator aims to switch a portion of its customers to tolling deals as an alternative to 30-day payment terms, which is a move to reduce its exposure to rising copper prices. Luvata said that semis production involves a 60-75 days of cash tied up.
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Commodities markets brace for Japan impact - 0 views

  • Over the medium term, Japan is going to need huge amounts of commodities to rebuild the areas hit by the quake and tsunami. This will boost Asia’s regional demand.
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IWCC expects a slow-down in Chinese copper demand growth this year - 0 views

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    The International Wrought Copper Council (IWCC) expects the growth rate for copper demand in China to fall from a double digit increase in 2010 to 7% this year. The council also said that the short term demand outlook was unclear due to the influence of high copper prices on end-user inventory levels. Furthermore, the IWCC commented that some industry participants see shrinking stock levels at the Shanghai Futures Exchange (SHFE) as a sign of increasing Chinese demand, while others believe that it is indicative of China's rising export levels. SHFE stocks contracted to 82,309t, down 54% from a peak level of 177,365t in March.
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Southwire weathering brutal construction market - 0 views

  • U.S. demand for copper wire and cable, especially for construction applications, should remain suppressed in the near and medium term, according to a copper fabricator executive. Southwire Co. president Stuart Thorn told attendees at Metal Bulletin’s Global Copper Markets Forum in New York Wednesday that the outlook for one of the company’s core business segments remains grim. Southwire produces copper and aluminum residential, commercial and industrial cable and wire, as well as copper rod.
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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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USA - Hussey Copper Ltd believed to be for sale - 0 views

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    Hussey Copper Ltd, the Philadelphia-based copper semis fabricator, is rumoured to be up for sale and industry sources said that a deal is likely to be struck imminently. The company has recently been struggling to finance elevated input costs, attributed to high copper prices. In a bid to alleviate cash-flow issues stemming from the higher cost of financing, Hussey firstly reduced its payment terms in January from a 45-day to a 30-day basis. Two months later, the company asked customers to pay for freight charges on orders, which mills' traditionally absorbed into their own costs. Hussey manufactures copper and copper alloy rolled products, rods and electrical bar at two operations located in Leetsdale, PA and Eminence, KY.
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Japan - Hitachi announces company restructure; copper tube and telecoms cable productio... - 0 views

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    Hitachi Cable Ltd., has set out its new medium-term management plan known as the Renewed Plan "BRIDGE" with additional management measures. The company said under the new plan, key measures for business structure reforms included; the consolidation of its domestic sales companies, regional offices and branch offices, with the consolidated company taking operational control of all its existing manufacturing companies; the withdrawal from the optical submarines cable business, restructuring of its telecommunications cable business, review of packaging materials operations and a review of its copper tubes business; consolidations and eliminations of group companies in southeast Asia and consolidation of group companies in Europe and North America by country. This is in addition to a reduction in staff at domestic companies which is expected to involve some 1200 staff. The company will also implement measures to reduce fixed expenses. This includes a review of the company's pension system, an operational review of employee facilities including company dormitories, company housing, etc., and the sale of some of these facilities. The Hitachi Group aims to boost sales in priority target areas as a percentage of net sales from 55% in fiscal 2011 to 65% in fiscal 2016.
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Japan - Furukawa fined US$200M by U.S. DoJ for collusion in U.S. auto component supply ... - 0 views

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    Furukawa Electric Co. Ltd., the Japan-based wire and cable manufacturer, has reached a plea agreement with the U.S. Department of Justice under which it will plead guilty to U.S. antitrust violations and pay a fine of US$200M. Separate felony charges levelled against three Furukawa executive employees involved in the collusion have resulted in a combined total of 45 months in U.S. jail terms. The case relates to the collaborative investigations by Japan, the U.S. and the E.U. following the February 2010 raids by Japanese authorities on Furukawa and its competitors: Fujikura Ltd., Sumitomo Electric Industries and Yazaki Corporation. The companies are suspected of being involved in price-fixing and bid-rigging within the automotive components industry. All of the manufacturers, with the notable exception of Furukawa who avoided penalties through reporting the cartel, were also fined a total of ¥12B (US$150M) in June by the Japan Fair Trade Commission for anti-competitive offences in the domestic automotive wire harness market. However, the total cost in penalties in the U.S. could escalate as the remaining companies undergo court judgements after they decide to either enter plea agreements or wait for a court hearing.
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Pedal to the metal: Structural reforms to boost Mexico - 0 views

  • Pedal to the metal: Structural reforms to boost long-term growth in Mexico and spur recovery from the crisis
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EU starts screening raw materials 'critical list' - 0 views

  • Three types of risk The expert group put together by the Commission has already identified three types of risks: Import risk, where raw materials are imported from a politically instable region or from a country where the market economy does not work. "That is relatively easy to do as the World Bank has put together governance indexes which measure the political and economic stability index of countries," the EU official explained.    Production risk within the EU, with potential problems such as land access. "If we are in a country for example where the population density is very high, where urbanisation is very high, obviously access will be weak," the EU official explained. Environmental risk, based on indicators such as air or soil pollution, where the impact of raw materials use is measured from an environmental point of view. "This is innovative compared to other studies," the EU official said. "We have just launched a life-cycle analysis to determine what the environmental impact is for each raw material in terms of exploitation, use, treatment, recycling etc., for air or soil pollution as well as emissions of greenhouse gases."
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France - Madeco increases stake in Nexans - 0 views

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    Nexans announced that Madeco, its main shareholder, will increase its holding position from 9% to 20%. The French cable maker commented that the agreement reflects the shared views of the two companies. Nexans wishes to have the support of a long-term reliable partner for its growth. In addition, Madeco intends to invest in a promising sector through a reliable downstream company.
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Dubai, United Arab Emirates - Dubai Cable Company optimistic on demand outlook - 0 views

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    Dubai Cable Co. (Ducab), the joint Dubai and Abu Dhabi state owned wire and cable producer, is optimistic about short to long term wire and cable demand prospects. This is primarily due to heavy investment in infrastructure by Gulf governments, including plans to build a six-nation power grid. The company also sources its optimism from predictions of a wire and cable supply deficit in India.
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Oman - Oman Cables commissions medium voltage power cable expansion project - 0 views

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    It was reported that Oman Cables Industry (OCI), an electric cables producer, is nearing completion of a capacity expansion project within its Rusayl-based facility. The project focuses on medium voltage power cables and aims to increase capacity by 30%. The company expects that demand for copper cable in Oman will grow by 5-6% in the current year, attributed to long term power infrastructure projects. In addition, it is anticipated that growth in the Gulf region may be 3-4%.
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Japan - Rolled Copper Products Experienced 3.7% y-o-y Drop in March - 0 views

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    Japanese rolled copper product output fell by 3.7%y-o-y to 68,620t in March. This was mainly attributed to disruption to automotive supply chains following the March 11 disaster. The full impact of the decline of Japanese carmakers is expected to hit copper producers in the forthcoming months due to the expected two month time lag in copper demand. There is, however, optimism about the medium term demand outlook due to growing demand in air conditioner and housing utensil production in addition to the positive effects of the country's forthcoming rebuilding work. Company operations are expected to ramp up after factory repairs are anticipated to be completed towards the summer.
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Nexans to Build Extra High Voltage Cable Plant in US - 0 views

  • The ever increasing demand for electricity from consumers and industry is driving ambitious plans for the development of major power infrastructure projects in North America. For effective and efficient transmission of electrical power, with minimum losses, these new schemes need to operate at EHV levels. So by establishing this new plant Nexans will be ideally positioned to support these projects with high quality EHV cables designed and manufactured to meet specific local market conditions,” says Frédéric Vincent, Nexans’ Chairman and CEO. “This new investment also represents a significant step forward in increasing our footprint in North America and demonstrates our long-term commitment to this key market.”
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