Copper end use trends

Leadership in both the U.S. House of Representatives and Senate are calling on the Department of Energy (DOE) to allocate US $250 million of the $2.5 billion in stimulus funding for renewable energy research and development to the emerging marine renewable energy industry. The funding would help develop wave, current and tidal energy technologies

The State Administration of Taxation in China announced that it will increase its export tax rebates on copper foil, plate and tube from 1st April. The policy was announced on 27th March and it aims to boost Chinese exports. Copper plate's export tax rebate will rise from 5% to 9%, copper foil's from 5% to 13%, and copper tube's from 9% to 13%. It is expected that the measure will support the copper semis market.

Over the past month, most favoured mining equity sectors copper, nickel and aluminium have overshadowed gold, but platinum equities are on the bubble.

The association -- whose members account for about 60 percent of Japan's copper use -- said copper wire and cable shipments in the year to March 2010 are likely to fall 7.9 percent to an estimated 705,000 tonnes, the lowest since 1975.

Most of Wang's neighbors were not so fortunate. Recyclers in Qingyuan have lost an estimated $4.4 billion since the bottom dropped out of the marketWidely known as a copper recycling center, Qingyuan once had a workforce of 80,000, employed by 22 national companies and more than 150 medium-sized enterprises. Of those, 20 percent have gone bankrupt, 50 percent have been cut in half, and the remainder has lost about one-third of their market value, according to a local recycling association. For Qingyuan, the disaster was unpredictable, but instructive. Recyclers typically locked in the price when they signed a contract with foreign suppliers. Saddled with fixed operating costs, that left them nowhere to go when the price for their product dropped, according to Yan Jinming, general manager of CITIC Securities Futures.

Power, it is universally acknowledged, is shifting to Asia. What that really means, however, is that the continent's biggest countries, China and India, are at last modernizing and achieving sustained economic development, just as Hong Kong, Japan, Singapore, South Korea, and Taiwan did before them. With their development comes increased influence, importance, and capabilities. All this will make the old-established powers of the West no less capable, influential, or important-but they will be a lot less dominant.

Until November it was virtually impossible for a private developer of renewable energy power plants to become an independent power producer (IPP) in Mexico. Article 27 of the Mexican Constitution precluded private investment stating that electricity generation for public use is an activity to be undertaken exclusively by the Government. Mexico's enactment of a new law for the use of Renewable Energy and the Financing of the Energy Transition ( Ley para el Aprovechamiento de Energías Renovables y el Financiamiento de la Transición Energética ) substantially improves the legal framework for private investment in renewable energy projects. The law regulates renewable energy electricity generation for purposes other than providing public electricity services. The law states that the use of renewable energy for electricity generation is possible for private use and any excess energy can be sold, but only based on regulations and approvals by Mexico's energy regulatory body, CRE .

Australia's competition regulator has cleared Chinalco's planned $19.5bn investment in Rio Tinto, ruling that the transaction was unlikely to "unilaterally decrease global iron ore prices below competitive levels".

I believe this assumption is basically incorrect. The current financial crisis is a direct result of peak oil. There may be oscillations in the economic situation, but generally, we can't expect things to get much better. In fact, there is a very distinct possibility that things may get very much worse in the next few years. In this post, I will put together some of the pieces I see. This post is based on a presentation, so includes more than the usual amount of graphics. The post repeats many things I have said before, but I wanted to bring more of the pieces together into more of an overview article. This is a link to a PDF version of the presentation. This is a link to the Powerpoint version.

Standard & Poor has announced that it placed credit ratings for Wolverine Tube Inc. on CreditWatch. The decision includes its 'CC' corporate credit rating and 'C' senior unsecured debt. Wolverine Tube announced its decision regarding an exchange offer of senior notes due 2009 for new ones due 2012. Given the current market conditions and the financial position of the company, this decision raises default risk levels. Standard & Poor will monitor the exchange offer.

DOE Offers $2.4 Billion to Support Next-Generation Electric Vehicles President Barack Obama announced on March 19 that DOE is offering up to $2.4 billion in American Recovery and Reinvestment Act funds to support next-generation plug-in hybrid electric vehicles and their advanced battery components. Of the $2.4 billion, $1.5 billion in grants will go to U.S. manufacturers to produce high-efficiency batteries and their components; $500 million in grants will go to U.S. manufacturers to produce other components needed for electric vehicles, such as electric motors; and $400 million will go towards projects that demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts. When these plug-in hybrid vehicles are offered for sale, U.S. residents who purchase them will be able to claim a tax credit of up to $7,500. Building a plug-in hybrid vehicle industry in the United States will create tens of thousands of jobs and will reduce our nation's dependence on foreign oil.

Super strong nanometals - a Chinese-Danish success Research shows that it is possible to produce copper about 4 times stronger than commercial material - and doing so while also having a ductile material. As the thermal and electrical conductivity are also good, the manufacturing of, for example, electrical conductors with improved mechanical properties looks promising

President Obama yesterday outlined plans to spend about $59 billion in economic stimulus funds and $150 billion from the federal budget to promote what he calls America's "clean-energy future." "We will attack the problems that have held us back for too long," including dependence on foreign oil, Obama told a gathering of clean-energy entrepreneurs and leading researchers at the Eisenhower Executive Office Building

Dr. Webber explains the intricate and increasingly vital links between energy and water, both in the United States, and the world.

As a result of weak customer demand in the aerospace and electronics/data communications markets in Q1 2009 caused by the global economic downturn, International Wire Group, Inc., a US manufacturer and marketer of wire products, announced that it is idling production at two plants in Jewett City, Connecticut and Littleton, New Hampshire. International Wire Group, Inc. manufactures wire products for other wire suppliers, distributors and OEMs manufacturers. It has 19 facilities across the US, Belgium, France and Italy.

The falling oil prices may have varied effects on the investment strategies adopted by the petro-states and also on the various markets being analyzed in this study. The level of petrodollar investments is bound to increase. However, if the trend of falling oil prices continue, the quantum of investments made is also likely to fall. On the whole, dramatic growth is expected in the level of domestic investments in 2009. However, international investments are likely to continue growing in a few key sectors of the economy. The following are the various international sectors that can be expected to attract maximum petrodollar investments in 2009 * Real estate * Healthcare * Industrial The following are the various domestic sectors that can be expected to attract maximum petrodollar investments in 2009 * Banking and financial services * Aerospace and defense * Industrial * Education

WASHINGTON: Scientists at the University at Buffalo Single Walled Carbon Nanotubes (SWCNTs), which are thousands of times stronger than metals, may one day replace metals in millions of electronic applications.

How long do you think it takes to digest a shock of this magnitude? I think it gets deeper as each week goes by. A couple of months ago I thought this could be an 18-month experience. And then the national growth of the world would kick in again. I think it could be many years now. But when it does kick in again, I think you're going to see just enormous inflation.

Rio Tinto's proposal to raise $19.5bn from Chinalco is seen by the mining group's board members and shareholders as an "option" to follow if there are no superior alternatives in the next three months, according to some Rio shareholders.