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Brazil’s copper wire output to rise in '13: Sindicel

Keywords: Tags  Brazil output, copper wire, copper cable, semifinished product, Sindicel, Valdemir Romero, Ibram, Vale Yamana Gold


SÃO PAULO — Brazil’s copper wire and cable production is expected to rise 2.5 to 2.6 percent by the end of 2013, while output of semifinished products will remain flat, according to Brazilian copper products association Sindicel.

The South American country produced 247,000 tonnes of wire and cable in 2012, while output for semifinished products stood at 143,000 tonnes.

"This was considered a good year for conductors (with) civil construction, energy and the automobile industry reporting increases," Sindicel executive director Valdemir Romero said. "Copper bars and tubes were the ones which did not perform so well in the year."

The main challenge for local producers is the increasing number of imports, especially from Asia.

Brazil’s copper ore output rose 12.5 percent year on year to 450,000 tonnes in 2012, according to estimates released in April by Brazilian mining institute Ibram.

Investment in the red metal is expected to reach $2.04 billion in the 2012-16 period.

The main local producers are Vale SA, responsible for 46 percent of total output, followed by Toronto-based Mineração Maracá Industria e Comércio SA (39 percent) and Mineração Caraíba SA (14 percent).

A version of this article was first published in AMM sister publication Metal Bulletin.


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