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Antaike reported that sales income from the 'traded in' home appliances policy reached 150B yuan by the end of 2nd March 2011. In addition, volume of new and old appliances amounted to 40M and 41M sets respectively. Appliances included in the policy are TV sets, refrigerators, washing machines, air conditioners and computers. The scheme has triggered a considerable consumption volume of copper semis, such as copper commercial tube used in the manufacturing of refrigerators and air conditioners.

Leoni AG, the global cables specialist, has announced Q1 2011 revenues of €910.7M, up by 38% y-o-y. This was principally attributed to strong demand for cable harnesses and wiring systems, particularly from the Chinese and international commercial vehicle industry. The company has spent €21.9M in expanding production capacity at its facilities in Eastern Europe, North Africa and Latin America. In light of these results Leoni has raised its annual sales forecast for 2011 to €3.4B, up by 15% on last year.

Fushi Copperweld Inc., a leading manufacturer of copper-clad wire, was granted approval by the Commercial Court of Liege in Belgium to lease a 45,000 square-meter copper tube manufacturing and distribution facility, which would serve as an operational hub for the company in Europe. The plant will produce 5,000-6,000t/y of copper tube and plans are being considered to develop a copper-clad wire production line. During the lease period, Fushi Copperweld will have the option purchase all of the assets for EUR5.8M (US$7.8M).

Luvata officially opened its first copper tube plant in Mexico, aiming to fabricate tubes for the HVACR industry. The company sees the current downturn in the commercial tube market as a convenient time to establish its position in the marketplace and be ready when the market picks up. The Monterrey-based plant has started with small but steady deliveries since mid-June. Currently, the plant employs 180 staff with the plan to raise workforce to 250 when the full capacity level of 2,500t per month is reached in H1 2010. Luvata aims to supply several major clients but also expand its clientele to new and smaller Mexican customers. The company intends to differentiate itself by offering just-in-time deliveries, enabling its clients to run reduced inventory levels.

Antaike reported that most Chinese copper semis fabricators orders decreased in June 2011 from the previous month. Copper commercial tube, copper wire and copper wirerod output rose 10% y-o-y in H1 2011. However, output growth of copper sheet and strip in the same period was weaker. Semis fabricators' profits fell attributed to high finance costs and high copper prices. These factors have also affected refined copper consumption.