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James Wright

France - Nexans announce H1 2011 results - sales up by 8.9% y-o-y - 1 views

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    Nexans reported that it saw strong improvement in performance in H1 2011. The cable maker said that sales at current metal prices amounted to €2.3B in H1 2011, up by 8.9% y-o-y. Despite this, the company announced a pre-tax loss of €133M compared with a €5M profit in H1 2010. This was mainly attributed to the inclusion of a €200M reserve relating to an ongoing E.U. proceeding for alleged anticompetitive behaviour in the submarine and underground power cable sector. The company realised an organic growth over the period of 8.2% y-o-y and said that all business units exhibited growth, especially the Industry and Building unit. Nexans is targeting sales growth of between 5 and 7% for full year 2011.
Piotr Ortonowski

China - H1 exports of copper semis decline by 1.3% y-o-y - 1 views

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    China Customs announced that exports of copper semis fell by 1.3% y-o-y to 259,470t in H1 2011. Exports of copper wirerod and profile were down by 14.8% y-o-y to 3,900t in the same period. The fall in exports is considered to be the result of weak demand from Europe and the US as well as Chinese producers' shift to higher added value copper semis.
Glycon Garcia

North American Windpower: Content / FYI / CommScope To Supply Two Wind Projects With Co... - 1 views

  • CommScope Inc., a provider of infrastructure solutions for communications networks, will supply two wind farm projects with its GroundSmart Copper Clad Steel solution, an alternative to solid and stranded copper. The first project is the 200 MW Breckenridge wind farm, located outside Breckenridge, Mich. The 30,000-acre wind farm will use stranded copper clad steel in the ground grid collector system. The project is estimated to produce 200 MW.
Colin Bennett

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.
Piotr Ortonowski

China - Tianjin Chuangxinyuan Investment to develop 10,000t/y copper strip and foil pro... - 1 views

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    Tianjin Chuangxinyuan Investment Co. Ltd. has announced plans to invest RMB613M in the development of a high-precision copper strip and foil project in Tianjin. Upon completion, the project will have a production capacity of 10,000t/y of high precision copper foil and strip. The project is expected to generate a turnover of RMB600M/y. Trial production will take place in October of this year, following the installation of two production lines with a combined capacity of 2400t/y. Tianjin Chuangxinyuan Investment will become China's biggest producer of copper strip and foil upon the project's completion.
Colin Bennett

EV charging infrastructure rapidly spreads across EU - 1 views

  • EV infrastructure roll-out is continuing at pace, but efforts at establishing universal standards for the industry is still playing catch-up
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    "EV infrastructure roll-out is continuing at pace, but efforts at establishing universal standards for the industry is still playing catch-up"
James Wright

USA - Olin executive speaks out about difficult US brass mill trading conditions - 1 views

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    Olin Brass Corporation, the US based manufacturer of copper and copper-alloy flat rolled products and fabricated components, said that the top challenges facing brass mills are weak end-use demand, volatile copper prices and overcapacity. The company estimates that the average capacity utilisation rate is just 55-60% in the US. In addition, it expects consumption of copper strip products in the US to total 829Mlbs in 2011, down from 1600Mlbs in 2000.
Colin Bennett

Resource nationalism again named as miners' biggest headache - 1 views

  • Ernst & Young's 2011 top strategic business risks in the mining and metals sector: 1. Resource nationalism 2. Skills shortage 3. Infrastructure access 4. Social licence to operate 5. Capital project execution 6. Price and currency volatility 7. Capital allocation 8. Cost management 9. Interruptions to supply 10. Fraud and corruption
Colin Bennett

The impact of 7bn people on commodities markets - 1 views

  • Since Thomas Robert Malthus wrote ‘An Essay on the Principle of Population’ in 1798, a succession of reports, including Paul Ehrlich’s ‘The Population Bomb’, have focused on doomsday scenarios linking the rapid population growth to scarce and costlier natural resources. Yet, the price of commodities – in real terms, after adjusting by inflation – has, at times, barely reacted to population growth.
Colin Bennett

World's smallest electric car made of single molecule - 1 views

  • Artist concept: The molecular "car" on a "road" of copper atoms
Colin Bennett

Siemens Announces Q4 FY 2011 Earnings: Strong End to an Excellent Year - 1 views

  • With our new organization into four Sectors we have aligned our business even more closely with our customers.
Colin Bennett

Japan's top trading houses to compete for more copper assets - 1 views

  • Japan's six big trading firms, which derive up to 80 percent of their profit from commodities, plan a combined 2.76 trillion yen ($36 billion) investment, a record high, in the year to March 2012 on the back of strong earnings growth in the past few years largely due to gains in oil and other commodity prices.
Colin Bennett

LinkedIn networking groups for mining specialists - 1 views

  • Mining IQ are here to make your journey or foray into LinkedIn easier and more effective and have endeavoured to create our ‘cream of the crop’ of all the LinkedIn groups available to you as a mining or resource industry specialist.
anonymous

A new era for commodities - McKinsey Quarterly - Energy, Resources, Materials - Environ... - 1 views

  • A new era for commodities
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    A new era for commodities Cheap resources underpinned economic growth for much of the 20th century. The 21st will be different. NOVEMBER 2011 * Richard Dobbs, Jeremy Oppenheim, and Fraser Thompson Source: McKinsey Global Institute, Sustainability & Resource Productivity Practice In This Article Exhibit: In little more than a decade, soaring commodity prices have erased a century of steady declines. About the authors Comments (2) Has the global economy entered an era of persistently high, volatile commodity prices? Our research shows that during the past eight years alone, they have undone the decline of the previous century, rising to levels not seen since the early 1900s (exhibit). In addition, volatility is now greater than at any time since the oil-shocked 1970s because commodity prices increasingly move in lockstep. Our analysis suggests that they will remain high and volatile for at least the next 20 years if current trends hold-barring a major macroeconomic shock-as global resource markets oscillate in response to surging global demand and inelastic supplies. Back to top Demand for energy, food, metals, and water should rise inexorably as three billion new middle-class consumers emerge in the next two decades.1 The global car fleet, for example, is expected almost to double, to 1.7 billion, by 2030. In India, we expect calorie intake per person to rise by 20 percent during that period, while per capita meat consumption in China could increase by 60 percent, to 80 kilograms (176 pounds) a year. Demand for urban infrastructure also will soar. China, for example, could annually add floor space totaling 2.5 times the entire residential and commercial square footage of the city of Chicago, while India could add floor space equal to another Chicago every year. Such dramatic growth in demand for commodities actually isn't unusual. Similar factors were at play throughout the 20th century as the planet's population tripled and demand for various resource
James Wright

Switzerland - The European Commission seeks comments on Glencore's proposed purchase of... - 1 views

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    The European Commission has invited interested third parties to send comments on Glencore's proposed acquisition of an Italian copper rod and semis producer. Earlier in November, Glencore submitted a prior notification of its intention to assume sole control of Carlo Colombo via share purchase.
Colin Bennett

Prysmian Group top in speciality cable survey - 1 views

  • "The Asian market has shown rapid growth, reaching US$1.8 billion in 2010," says Integer Research Director, Philip Radbourne. "Prysmian, Nexans, Leoni and General Cable dominate the market for specialty industrial cables. General Cable dominates North American, whilst Prysmian, Nexans and Leoni have expanded their operations from Western Europe into Asia." There are also a number of other producers of specialty cable, from Lapp, LS Cable, Fujikura, Furukawa Electric, through to TMC, Hien Electric, and Habia Cable. These companies have built market share in their niche products area on a regional basis. The same is true of leading Chinese shipboard cable maker Yuanyang (Yangzhou Marine Cable) "North America and Western Europe have shown the highest growth rates in the renewables markets - wind turbines and solar farms. However, Asia has been showing impressive growth in a range of end-use sectors. This certainly may explain Nexans and Prysmian's strategy of moving into the Middle East and Asia," says Sebastien Chu Ti, analyst at Integer Research.
Piotr Ortonowski

China - imports and exports of copper semis slow in first three quarters y-o-y - 1 views

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    Data released by the China Nonferrous Metals Industry Association (CNIA) indicates that in the first three quarters of this year China's production of copper semis reached 7.57Mt and apparent consumption reached 7.79Mt. This denotes a growth rate of 4.4% and 3.0% respectively.
James Wright

Japan - Furukawa Electric begins production of aluminium harnesses for cars - 1 views

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    Furukawa Electric Co., Ltd. said that it had recently started mass production of aluminium wire harnesses, which it promised can reduce weight by 40-50% from traditional copper harnesses aiding weight reduction in automobiles. It will supply wire rods from a factory in Indonesia to manufacture and assemble the electric wires in a subsidiary in Vietnam and it will manufacture harnesses used in the door section. The news follows Furukawa's early December announcement of an agreement to acquire the automotive connector business of Mitsubishi Cable Industries, Ltd. Furukawa said that it expected the acquisition to aid the development of new aluminium wire harness technologies and high voltage cables for electric and hybrid vehicles.
Piotr Ortonowski

China - December copper imports up 18% m-o-m, but total 2011 imports down 5.1% y-o-y - 1 views

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    According to Chinese customs figures, imports of copper reached 508,942t in December, up 18% m-o-m. This is the seventh consecutive month which saw a m-o-m increase in the level of copper imports. The growth has been accredited to the arbitrage between the LME and the SHFE. Nevertheless, China's total imports of copper in 2011 were down 5.1% y-o-y, reaching 4.07Mt.
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