VIDEO: Paranapanema opens copper tube plant

Brazilian copper producer Paranapanema opened a new copper tube plant in Santo André, Brazil, on Thursday 31 October after an investment of 150 million Reais ($66.5 million).

{BrightcoveVideo} 

Brazilian copper producer Paranapanema opened a new copper tube plant in Santo André, Brazil, on Thursday 31 October after an investment of 150 million Reais ($66.5 million).

Paranapanema intends to invest a further 300 million Reais by 2015, as part of a 1.2-billion Reais plan to increase its copper production capacity from 220,000 tpy to 280,000 tpy.

Metal Bulletin caught up with Edson Monteiro, director vp, to see what this means for the company.

Carolina Guerra
cguerra@metalbulletin.com
Twitter: #!/cguerra_mb

What to read next
Aluminium and nickel appear to have once again escaped inclusion in the latest list of sanctions imposed by western governments on Russia, ending days of speculation that increased both the prices and the traded volumes of the metals.
Fastmarkets launches MB-CU-0513 copper cathode equivalent grade (EQ), cif Southeast Asia, $/tonne on Tuesday February 20.
Fastmarkets’ 2024 outlook for key raw materials and ingredients used in the production and distribution of fast-moving consumer goods
Weak demand continues to stem profitability and prevent capacity return in the European aluminium market, Norsk Hydro’s chief executives told Fastmarkets in an exclusive interview on Wednesday February 14.
The publication of Fastmarkets’ rand fixing prices for LME trade for Monday February 12 were delayed due to a technical issue.
The copper concentrate market was already tight, but the addition of major new smelting capacity this year – starting with the expansion of Freeport’s Gresik smelter in Indonesia — will likely mean maintenance breaks, capacity curtailments and potentially even closures while operating costs start to become untenable, Fastmarkets understands.