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James Wright

China - Low utilisation rates at Chinese copper flat rolled products fabricators linked... - 0 views

www.antaike.com/...shownews.asp

copper China rolled products

shared by James Wright on 05 Dec 11 - No Cached
  • James Wright on 05 Dec 11
     
    According to a survey performed by Antaike, the mining and metals information provider, average operating rates of facilities in China producing copper flat rolled products fell to 55.8%, down by 3.4% m-o-m in October. The reduction in plant utilisation has been attributed to weak end-use demand from the domestic electronics and automotive sectors since the end of H1 2011, as well as decreasing export orders. Additionally, the volatile copper price is thought to have led to production cuts at copper plate, sheet, strip and foil fabrication plants. The survey also indicated that 50% of the 22 manufacturers sampled believe that demand will continue to decline and 40% think that it will not grow in the short term. Companies cited decreased buying associated with the Christmas and New Year holidays and shrinking exports of end-use products such as electronics and home appliances due to uncertainty stemming from the European debt crisis.
Colin Bennett

Middle East infrastructure - LS Cable & System wins two contracts for 157km EHV - 0 views

www.yourcableandwirenews.com/orth+%24102+million_31263.html

trends copper middle east infrastructure

shared by Colin Bennett on 06 Dec 11 - No Cached
  • Of the two projects, the former was initiated when Qatar realized that their current power grid could not effectively keep up with the ever increasing power demand generated by the continual economic development and urbanization happening within their borders. For this project, LS Cable & System will supply a total of 157km of 220kV level extra high-voltage cables and joint kits to the Doha area by July 2013. The latter is to supply Hyundai E&C who won a contract in 2010 to renovate the 2006 Doha Asian Games athletes’ village and office buildings into a four-building high-tech medical center. For this project, LS Cable & System will deliver bus ducts that are popularly used in buildings and factories to transmit large amounts of electricity through a small space. Analysts point out that Middle East countries are currently promoting petrochemical, refinery and power plant projects as well as large-scale public works and construction projects to boost their economies with extra spending.
Colin Bennett

Eco-Cycology - 0 views

trendwatching.com/...12trends2012

trends copper recycling

shared by Colin Bennett on 06 Dec 11 - No Cached
  • ECO-CYCOLOGY mentality is more than a just brand-led phenomenon; realizing its importance, various cities or states in US (San
  • Colin Bennett on 06 Dec 11
     
    ECO-CYCOLOGY mentality is more than a just brand-led phenomenon; realizing its importance, various cities or states in US (San Diego, Seattle and San Francisco to name a few) have enacted their own mandatory recycling laws. Likewise, The European Parliament has voted for tougher regulations on the disposal of electronic trash, requiring each country to collect 4 kilos of e-waste per citizen by 2012, and to process 85% of all its electronic waste by 2016.
Colin Bennett

Poland's KGHM bids $3.5 billion for Quadra - 0 views

www.mining.com/...on-for-quadra-fnx-shares-up-39

trends copper KGHM Quadra

shared by Colin Bennett on 07 Dec 11 - No Cached
  • The Canadian base metals producer with offices in Toronto and Vancouver said it has agreed to have all its outstanding shares and warrants acquired by KGHM Polska Miedź  S.A. (KGHM) for $3.5 billion. Quadra FNX has operating mines in Ontario, Arizona, Nevada and Chile, where the company is also developing the Sierra Gorda copper-molybdenum mine.
Colin Bennett

Xstrata Copper commences underground ore production at Ernest Henry Mining - 0 views

www.mining.com/...duction-at-ernest-henry-mining

trends copper Xstrata

shared by Colin Bennett on 07 Dec 11 - No Cached
  • Initial underground mine production has successfully commenced at Xstrata Copper’s Ernest Henry Mining operation in north-west Queensland, marking the site’s transition from open pit mining, which is now complete, to underground mining and magnetite processing.  This is a major milestone in the progression of Xstrata Copper’s AUD589 million project to extend its Ernest Henry operations to at least 2024.
James Wright

Dubai - Ducab-HV opens new high voltage energy cable plant in Jabel Ali, Dubai - 0 views

www.yourcableandwirenews.com/news_item.php

copper power cable

shared by James Wright on 07 Dec 11 - No Cached
  • James Wright on 07 Dec 11
     
    Ducab-HV, a joint venture between the Dubai and Abu Dhabi governments, has opened a new factory in Jabel Ali, Dubai for the production of single core copper/aluminium conductor power cables with a voltage range of 66kV to 400kV. The plant will increase Ducab's production capacity by 15,000 tonnes of conductor per annum. The company estimates that production will meet the full infrastructural development demands of the UAE. In addition, production is expected to be sufficient to allocate 75% of total output for supplying the GCC, European and African export markets.
James Wright

Europe - Copper semis fabricators announce fabrication price increases - 0 views

www.wieland.de/...news_overview.jsp

copper semis Germany Italy

shared by James Wright on 08 Dec 11 - No Cached
  • James Wright on 08 Dec 11
     
    Wieland-Werke AG and KME Group S.p.A., which are both leading European copper product fabricators, separately announced fabrication price increases. Wieland will introduce an increase of 5-7% by 1st January 2012 while KME increased its fabrication prices by 7% starting from 7th November 2011. Both companies have attributed the change to the rising costs of energy and the risk management costs associated with high and volatile metal prices, which could no longer be offset by productivity improvements.
James Wright

Italy - KME appeals fail, fines of €106.9M for antitrust contraventions in 20... - 0 views

www.businessweek.com/...lenges-of-antitrust-fines.html

copper Italy tube

shared by James Wright on 08 Dec 11 - No Cached
  • James Wright on 08 Dec 11
     
    The Court of Justice of the European Union rejected both appeals against fines imposed by the European Commission in December 2003 and September 2004 upon KME Germany AG, KME France SAS and KME Italy S.p.A.. The fines related to the KME Group S.p.A. subsidiaries involvement in antitrust infringements within the industrial tubes and plumbing tubes markets. The fines, which amount to €39.8M and €67.1M, are now final. KME Group stated that the fine amounts were wholly provisioned in the profit and loss accounts of the 2003 fiscal year.
Colin Bennett

Copper battery performs better than lithium - 0 views

www.mining.com/...y-performs-better-than-lithium

trends copper battery

shared by Colin Bennett on 12 Dec 11 - No Cached
  • Stanford University scientists have made high performance batteries using copper, not lithium, that cost less and perform better.
Piotr Ortonowski

China - copper imports reach 20-month high on widespread restocking - 0 views

www.commodityonline.com/...t-20-month-high-44339-3-1.html

copper trends China

shared by Piotr Ortonowski on 13 Dec 11 - No Cached
  • Piotr Ortonowski on 13 Dec 11
     
    It was reported by China's General Administration of Customs that the nation's imports of refined copper, copper alloy and other copper products grew to 452,022t in November 2011. This represents a 17.9% m-o-m growth and the highest level of imports in 20 months. The increase is believed to be the result of Chinese buyers restocking following the collapse in copper prices in September.
Piotr Ortonowski

Italy - copper and copper alloy semis production down 2.4% y-o-y - 0 views

customers.reuters.com/...InsideMetals20111212.pdf

copper trends

shared by Piotr Ortonowski on 13 Dec 11 - No Cached
  • Piotr Ortonowski on 13 Dec 11
     
    Assomet, Italy's non-ferrous metals association, reported that the nation's output of copper and copper alloy semis declined by 2.4% y-o-y to 814,000t in the first three quarters of 2011. According to data obtained by Reuters, Q3 output alone fell by 5.8% y-o-y to 229,900t.
Piotr Ortonowski

China - production commences at Delphi's wire harness plant - 0 views

delphi.com

copper trends China

shared by Piotr Ortonowski on 13 Dec 11 - Cached
  • Piotr Ortonowski on 13 Dec 11
     
    According to IHS Automotive, production commenced at Delphi's wire harness plant outside of Shanghai. By the end of 2012, the US$10M plant will employ 2,000 on its 17,000m2 premises. The operation will produce high-tech components worth US$100M and will supply Shanghai Volkswagen and Shanghai General Motors.
Colin Bennett

An Ill Wind Blows On China's Turbine Business - 0 views

www.engineerlive.com/...23845

trends copper wind turbine

shared by Colin Bennett on 19 Dec 11 - No Cached
  • Colin Bennett on 19 Dec 11
     
    The SERC (State Electricity Regulatory Commission) has released stricter technical regulations, especially for LVRT (Low Voltage Ride Through) reformation. Additionally, 18 industry standards have been released in November 2011 by the National Bureau of Energy. There are two immediate effects of the regulatory changes. Adding a LVRT capability will increase the cost of the Chinese turbines. This, coupled with slower demand, will lead to a squeezing out of the marginal producers who won't be able to afford to fit new equipment. Thus, the domestic wind power manufacturing sector in China is poised for tough times, when consolidation may even change the positioning of the top five players.
Piotr Ortonowski

China - Copper semis consumption to be affected by home appliance subsidy removal - 0 views

www.antaike.com/...shownews.asp

copper trends China

shared by Piotr Ortonowski on 20 Dec 11 - No Cached
  • Piotr Ortonowski on 20 Dec 11
     
    The Chinese government announced that it will terminate its old-for-new home appliances subsidy scheme on 31st December 2011. The subsidy, which was introduced on 1st June, provides consumers in Beijing, Shanghai, Tianjin, Fuzhou, Changsha and the provinces of Jiangsu, Zhejiang, Shandong, and Guangdong with a 10% discount on a selected group of appliances. These include televisions, refrigerators, washing machines, air-conditioners and computers. All of these appliances are major end use segments for copper semis products.
Colin Bennett

7 trends driving electric vehicles in 2012 - 0 views

www.zdnet.com/...19665

trends copper electric vehicle

shared by Colin Bennett on 21 Dec 11 - No Cached
  • Colin Bennett on 21 Dec 11
     
    #1: Would-be buyers will have far more choices in 2012. #2: Prices will remain high for electric vehicles #3: Real estate companies and parking lot operators will continue to install electric vehicle chargers as a service. #4: More businesses will install chargers. #5: Wireless charging technologies will get wider testing. #6: Models will emerge for vehicle-to-grid electricity distribution. In scenarios where a house loses power, electric vehicles could play a role as back-up generators. #7: Safety issues will get closer scrutiny. Others: #1: The majority of people who drive a plug-in vehicle won't own it. #2: "Automakers will get pushback from EV owners regarding the length of time it takes to fully charge a vehicle." #3: Many EV charging stations will spend the majority of their time idle. #4: 'Range anxiety' #5: "The best-selling EVs won't have four wheels
James Wright

Japan - November copper cable shipments fall 0.4% y-o-y - 0 views

www.silobreaker.com/nts-down-5_2265073259789680691

copper cable Japan

shared by James Wright on 22 Dec 11 - No Cached
  • James Wright on 22 Dec 11
     
    The Japan Electric Wire and Cable Makers' Association reported that domestic shipments of copper wire and cable in Japan declined by 0.4% in November to reach 60,400t, which represents the second-lowest monthly level in the past 35 years. Demand from carmakers and construction remained firm but orders from electric power companies fell by 17.6% y-o-y to 5,400t in November.
James Wright

Italy - Italian copper and copper alloy products output down by 5.4% y-o-y in 2011 and ... - 0 views

www.steelguru.com/...241232.html

copper alloy Italy semis

shared by James Wright on 23 Dec 11 - No Cached
  • James Wright on 23 Dec 11
     
    Assomet, Italy's non-ferrous metals association, reported that domestic production of copper and copper alloy semi-finished products contracted 5.4% y-o-y in 2011 to reach a total yearly output of 1.051M tonnes. This was attributed to metal price volatility impacting clients' procurement activity in addition to substitution losses, which continues because of the ongoing European debt crisis and its implications upon consumers' price sensitivity. Assomet also added that pure copper metal products have and will be more negatively impacted than copper alloy semis due to a higher copper intensity. This led to a drop of about 8% y-o-y in copper semis output this year, reaching 549,000t and production is expected to fall by 3% y-o-y in 2012. Whereas copper alloy semis output declined by 3% in 2011, reaching 502,000t. Production is anticipated to hold at the same level in 2012.
James Wright

Japan - Copper and copper alloy products output fell 10.4% y-o-y in November - 0 views

www.japanmetalbulletin.com/?p=19350

copper alloy Japan semis November

shared by James Wright on 28 Dec 11 - No Cached
  • James Wright on 28 Dec 11
     
    The Japan Copper and Brass Association released an estimate of the total domestic fabrication of copper and copper alloy products in November, which showed that production fell by 10.4% y-o-y to 65,940t. Copper strip production amounted to 18,240t, down by 18% in November and has experienced year-on-year declines for twelve consecutive months. The segment was negatively impacted by weak demand from the semiconductor and electronic industries since autumn 2011. Conversely, brass strip output rose by 3.3% y-o-y to reach 9,895t in November supported by a rebounding automotive sector. Copper tube output in November amounted to 9,895t, down by 20% y-o-y, due to base year effects caused by a rise in production after the hot summer in 2010 (the November level is higher than the same month of 2009). Brass bar output contracted by 5.3% y-o-y in November to reach 14,993t attributed to weak end-use demand from the Japanese construction and electrical sectors, especially in the latter half of this year.
James Wright

Europe - Goldman Sachs sees copper demand at its lowest in Q4 2011, greater European bu... - 0 views

www.metalbulletin.com/...-in-Q4-says-Goldman-Sachs.html

copper Europe

shared by James Wright on 03 Jan 12 - No Cached
  • James Wright on 03 Jan 12
     
    It was reported that Goldman Sachs anticipates a rise in European copper demand in the first half of 2012, albeit to a lower level of consumption than that which was seen pre-Autumn 2011. The company reasoned that current demand is unsustainably low, caused by fear and destocking, with European orders falling by as much as 20-50% since August 2011. It is thought that a rise in buying from both industry consumers and speculators will begin in early 2012. In addition, the bank expects an acceleration of Chinese demand growth in the first half of 2012.
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