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By Takeshi Nagano

Copper pyrometallurgy in Japan has experienced quite fundamental changes in last fifteen years. The severe environmental restriction coupled with increase of energy costs accelerated the development work of the new continuous process in Mitsubishi Metal Corporation. After several years of pilot plant test work the commercial plant was put into operation at Naoshima Smelter in 1974, the design capacity of which was 4,000 tonnes of copper per month. Many modifications and improvements have been incorporated into the process and 7,200 tonnes per month of copper production was achieved in 1983, proving that continuous process was much more economical than conventional process. It is now possible to design and operate the continuous process in wide range of capacity. This paper will review the process and describe the progress of the process in these 10 years. 311

Jan 1, 1985

By L. J. Davies

Refractories usage in furnaces for the extraction of nickel from both sulphides and lateritic ores is reviewed. Recent changes in raw materials and basic brick qualities developed to meet the increasing demands of existing and new processes are outlined. Examples of used brick examinations to establish mechanisms of wear are given. The importance of physical and chemical properties are discussed. The use of simulative laboratory testing to aid in refractories development and selection is described.

Jan 1, 1988

By Jan Dabrovska

Solidification and cooling of a continuously cast slab and simultaneous heating of a mould is a very complicated problem of transient heat and mass transfer. Nowadays, the solving of such a problem is impossible without numerical models of the temperature field not only of the slab itself, while it is being processed through the whole concasting machine (Caster), but of the mould as well. Two original numerical models have been developed and used in the investigation of a continuously cast steel slab. The first (one of two) 3D model of the temperature field of a concasting is capable of simulating the temperature field of a caster. Experimental research and data acquisition have to be conducted simultaneously with the numerical computation-not only to confront it with the actual numerical model, but also to make it more accurate throughout the process. After computation, it is possible to obtain the temperatures at each node of the network, and at each time of the process. The utilization of the numerical model of solidification and cooling of a concasting plays an indispensable role in practice. The potential change of technology-on the basis of computation-is constantly guided by the effort to optimize, i.e. to maximize the quality of the process. The user can therefore choose any appropriate longitudinal or cross-section of a slab and display or print the temperature field in a 3D or 2D graph whenever necessary. The second numerical model of dendritic segregation of elements assesses critical points of slabs from the viewpoint of their increased susceptibility to crack and fissure. In order to apply this model, it is necessary to analyze the heterogeneity of samples of the constituent elements (Mu, Si and others) and impurities (P, S and others) in characteristic places of the solidifying slab. The numerical model, based on measurement results obtained by an electron micro-probe, generates distribution curves showing the dendritic segregation of the analyzed element, together with the distribution coefficients of the elements between the liquid and solid states. The combination of both models enables the prediction of cracks and fissures in critical points of the continuously cast carbon-steel slab. Both models had been applied in the industrial investigation of a cast low-carbon-steel slab.

Jan 1, 2003

By S. Ajima

The Naoshima Smelter and Refinery is the most important copper operation of Mitsubishi Materials Corporation. There are a Mitsubishi Continuous smelter and a conventional type of copper tankhouse. The continuous smelter with 240,000 mtpy of anode production was commissioned in May 19914 replacing two existing smelters, i.e an original Mitsubishi Process line and a conventional reverberatory furnace line. In July 1992, the copper tankhouae was expanded for the purpose to close the gap of production capacity between the smelter and the tankhouse. The cathode production capacity was increased from 13,800 to 15,800 mtpm. By these plant modifications, the distribution of minor elements was significantly changed and the impurities load is getting on increase reflecting recent shortage of clean copper concentrates supply. The paper discusses the distribution of minor elements and the impurity control strategy at the smelter end the refinery.

Jan 1, 1995

By Tao Zhang, Wen-tao YU, Hai-bin ZUO, Jian-Liang Zhang

Sintering-pot tests and metallurgical performances of sinter with 4 kind of different Al2O3 contents are experimented in this paper. Results show: when the Al2O3 contents increase from 2.0% to 3.5%, acicular calcium ferrites in mine phase will be gradually replaced by plate-like iron calcium. The increase of Al2O3 contents will lead to the addition of liquid viscosity and the reduction of permeability of sinter bed. Sintering time will be prolonged. The rate of yield is stable basically but production is low; besides, the increase of liquid viscosity will decrease of drum strength. The change of permeability of the material layer will make RDI +3.15 decrease first and then increase when Al2O3 contents changed from 2.0% to 3.5%. RI of sinter shows a contrary trend because many open voids are formed by deterioration of liquidity first and then pores closed.

Jan 1, 2015

By M. Urda-Kiel

Stainless steel is increasingly used as a cathode starting sheet. It was shown earlier that even when depositing copper on copper, a substrate-influenced zone appears in the deposit structure, followed by a transition zone and finally by the electrolysis-influenced structure. On copper, the substrate-influenced zone has a thickness of twenty micrometers and on titanium, eventually more than fifty micrometers. Initial nucleation and growth have a considerable influence. In this paper, copper was deposited in a channel cell on four different 304 stainless steel substrates: mechanically polished and anodized, respectively, at 0, +400 and +800 mV/SHE in 1M H2SO4 at 20°C. Copper was deposited under electrowinning conditions after solvent extraction (SX) (40 g/l Cu++, 180 gh/l, H2SO4, 20 or 60°C). The results showed that, although Auger surface analyses of the substrates were only slightly different one from another including the oxide thickness, nucleation and initial stages of growth were very sensitive to the surface treatment of the substrate. Potential step and current step methods gave similar results : progressive nucleation followed by 3D diffusion controlled growth. The highest nucleation frequency was observed on stainless steel anodized at 0 mV/SHE, under various electrolysis conditions. The potential influence of these findings on industrial practice is discussed.

Jan 1, 1999

By Liyuan Chai, Bing Peng, Ji Peng, Di Yu

"Electric arc furnace (EAF) stainless steel dust has been classified as a hazardous waste by various government regulatory agencies as it releases heavy metals to environment. The solidification of EAF dust is to stabilize the hazardous components to the amorphous silica-alumina-based clays. The process of solidification is investigated and the softening temperatures of dust and additive clay mixtures are measured for economical thermal treatment. The results indicate that the mixture of dust and local clay with the ratio of 1:1 has the lowest softening temperature 1100 °C and it could pass the toxicity characteristics leaching procedure (TCLP) test for the environmental regulatory limits after thermally treated at softening temperature for 15 min. Major phases of thermal solidification product clinker are CaAl2Si2O8, (Fe, Cr)2O3, (Fe, Mg)(Cr, Al)2O4 and Al6Si2O13.IntroductionThe yield of stainless steels in China arrived to 10 million tons in 2006 and more than 0.2 million tons of stainless steel dust are produced annually. Approximately 1-2 wt.% of scrap charged to an electric arc furnace (EAF) enters the off-gases and then is converted into the dust and reported to the bag-house. The disposal or landfill of the dust becomes a serious environmental problem in China due to the increased production of stainless steels in recent years. The dust contains elements such as chromium (Cr), nickel (Ni), lead (Pb), zinc (Zn), cadmium (Cd) and their solubility in leaching media exceeds the environmental regulatory limits [1]. Even though easily feasible for low-grade MgO, it is not appropriate to stabilize the heavy metals from the heavily contaminated soils after the dust landfill [2]. Several dust treatment technologies have been developed and they can be divided into two types. One is to recover the metals from the dust [3, 4] and another is to stabilize hazardous components present in the dust [5, 6]. Recycling of the dust generated in EAF is a remediation option for cleaner production. Direct recycling of EAF stainless steel dust was developed to recover the metal value from the dust and protect the environment [7], but it was only suitable for the dust with high contents of Ni, Cr and Fe. As for the dust with low valuable metal content, thermal solidification is an appropriate choice for the dust treatment."

Jan 1, 2012

By XING Xiangdong, Zhang Jianliang, MA Jinfang, WANG Zhenyang

The non-equilibrium reflux reaction behavior of phosphorus was studied with synthetic slags formed by using the AR chemical reagents and changing the initial condition of basicity, FeO, MgO and Al2O3. Due to increase of viscosity, the dephosphorization slag with high basicity inhibits the full contact of slag with iron, which leads to the low reaction rate in the early stage. However, since the high basicity improves the activity coefficient of CaO, the dephosphorization rate and phosphorus capacity goes up in late reaction stage. FeO promotes the increase of reaction rate in early dephosphorization stage. But the polarization force of Fe2+ is stronger than Ca2+, which hinders the reaction between phosphate ion and CaO and reduces the stability of PO4 3-. Thus, high content of FeO will adversely impact on dephosphorization reaction. In addition, MgO has a promoting effect to the dephosphorization, whereas Al2O3 has a negative influence.

Jan 1, 2016

By H. Matsuda, T. Iwashita, H. Awata, H. Liwei, D. Hirabayashi, Y. Saito, S. Ozawa, Y. Goto

"The present study is concerned with investigating the effect of chemical treatment on enhancing the HCl absorption capacities of coal burnt ash and slag. It was found that the HCl absorption capacity of coal burnt ash discharged from fluidized bed combustor was improved by hydration with water and 5% polyethylene glycol solution. This phenomenon was based on an increase of the specific surface area of treated coal burnt ash. The HCl absorption capacity of hydrated ash with polyethylene glycol solution was almost equivalent to that of standard CaO and Ca(OH)2. In particular, the specific surface area of hydrated ash with polyethylene glycol solution was found to be 19 m2/g, which was more than over eight times larger than that of raw sample. Hydrated slag treated with lON sodium hydroxide solution also showed high HCl absorption capacity, with highly improved surface area. It was found that the absorption capacity of slag for HCl depended on the treatment time, showing the maximum absorption capacity for 12 hours of hydration treatment.IntroductionA large amount of coal burnt ash, slag and dust are discharged from such industrial processes as coal combustion and metal refinery etc., and it becomes an serious problem to recover and diminish these solid wastes because of the shortage of dump sites and subsequent metal elution to the environment. Figure 1 shows the present situation of reutilization of coal burnt ash and slag in Japan [1,2]. It is shown in this figure that these solid wastes are recycled as materials in the fields of earthwork, agriculture and forestry etc. A part of these solid wastes, however, is still dumped to landfill. To decrease this dumped amount, the development of environmentally friendly reutilization technique for these solid wastes is of great importance."

Jan 1, 2000

By Jorge Alberto Soares Tenório, Denise Crocce Romano Espinosa, Luciana Harue Yamane

"The present work investigated the effect of inoculums volume on bioleaching to recover metals from printed circuit boards using Acidithiobacillus ferrooxidans-LR. Printed circuit boards from obsolete computers were mechanically processed by comminution followed by magnetic separation, and the obtained non-magnetic fraction was used in the bioleaching experiments. A shake-flask study was carried out on the non-magnetic fraction samples using a rotary shaker at 30°C, 170 rpm and different volumes of oxidized culture solution as inoculums (%v/v): 5, 10, 20, 30, 40, 50 e 60. The oxidized culture solution was prepared inoculating pre-adapted bacteria Acidithiobacillus ferrooxidans-LR (5%v/v) in 200mL T&K medium. Leaching in acidic ferric sulphate was also performerd. The analyzed parameters were pH, ferrous iron concentration and metals analysis (AAS). The results showed that using 10%v/v of inoculums were extracted 99,2% of copper and 60% of aluminum by bioleaching. Zinc, lead and tin extraction were not influenced by bacterial leaching and extractions rate were obtained by chemical leaching promoted by acid medium. Ferric iron leaching extracted less copper (35%) than bioleaching. SEM analysis shown surface difference between samples of non-magnetic fraction before treatment and after bioleaching, showing corrosion pits formed by the bacteria contact.IntroductionWaste of electrical and electronic equipments (WEEE) has been target of discussion due to environmental, political and economical issues involved. Around 17 million of computers are discarded annually in the world due to malfunctioning equipment or because technologies become obsolete [1,2]. In contrast, only the central processing unit (CPU) of computers weights around 3kg. From this data, it can be calculated that 51 million kilograms of CPU waste are discarded yearly. This calculation was performed considering only the CPUs, disregarding the cathode ray tubes and liquid crystal displays of monitors [3,4]. Because of the amount that has been accumulated, e-waste has become a global problem but also can be an alternative source to recover valuable materials [5,6]."

Jan 1, 2012

By R. David Prenganan

RSR has developed a new environmentally superior process to recover lead as high purity electn:1o'i0!1 cathode from battery scrap. The process involves crushing the batteries, separating the lead bearing material from the plastic, ebonite and separators, and separating the active material (paste) from the metallic lead fraction. The paste is desulfurized using Na2C03 to convert the PbS04 to PbC03 and produce a sodium sulfate solution. The paste is further treated to decompose the PbO2 and PbC03 to Pbo. The PbO from the treated paste is easily leached, using H2SiF6 and electrown from solution using Pbo2?coated graphite anodes. The electrown lead has a purity exceeding 99.99%. RSR is in the final design stages of a plant to produce 36,000 tons per year of electrcwon cathode from battery paste in a new plant adjacent to the present Indianapolis refinery. This paper describes the work of a pilot facility operated in the early 1980's. The paper describes the patented process in detail and compares the newly designed environmentally clean electrolytic plant to present recycling plants.

Jan 1, 1990

By Shenghui Guo, Ying Lei, Wei Li, Jinhui Peng, Libo Zhang, Yu Li

"Abstract: In this work, low temperature carbothermic reduction of Panzhihua low grade ilmenite after ball milling were investigated. The ball milling of ilmenite and graphite were processed in a ball mill. The milling process can attenuate the particle of ilmenite, and the ilmenite characteristic peak were broadened and weakened. The reduction temperature and behaviors are studied on the thermo gravimetric apparatus; lower temperature and higher reaction rate were obtained for the reduction of ilmenite with graphite after milled. The reduction temperature and times of ilmenite decreased to 1000-1025°C and 40-60min via milled for 4 or 8h; Low down the reduction temperature can eliminate the solution of Mg2+ and FeTi03 in a certain degree; the reduced ilmenite has an obvious loose structure, can favored the subsequent procedure such as leaching.1 IntroductionThere is about 9.66 billion tons of Vanadic Titan-magnetite deposited in Panzhihua, China. In this reserve, there is about 8.73x108 t ofTi02, Accounting for 90.54% of the Chinese reserves, and 35.17% of the international reserves and ranking first in the world. [JJ Titanium mineral deposits major classified into Rock type and Placer type. Rock type is the igneous mineral, which have great content of FeO (Relative to Fe20 3) and gangue. The rock textures are compact and almost are complex ore. Rock type Titanium mineral major are ilmenite and titan magnetite ore, difficult to separate the metal ore and gangue. l.21 Thus, the Ti02 grade of Rock type ilmenite much lower than the Placer type (Table land 11). Panzhihua ilmenite are the typical Rock-type, due to the higher contents of MgO, CaO and Si02 and the complex mineralogy in ilmenite in Panzhihua region, making its direct reduction progressively more difficult. Mechanical activation, usually carried out by energetic milling or ball milling, was reported to significantly decreased the reduction temperature and accelerate the reaction rate of reduction of ilmenite with carbon, silicon and Magnesium. f3·(>J It reported that the process temperature were decreased to 600-1000°C and the annealing time were reduced to 30-120min after milled for 50-400 h. Shorter milling time involved was imported for else procedure such as direct leaching. 171 Hardly any research had referred to the carbothermic reduction reactivity of ilmeite milled for a short time as 1-1 Oh. In the present work, the aim is to investigate the reactivity and reaction temperature of carbothermic reduction of Panzhihua ilmenite. The Phase composition and micro morphology of samples are characterized."

Jan 1, 2011

By Xin Li, Hai-Xing Fang, Bing Xie, Hong-Yi Li

Chromium-containing vanadium slag (V-Cr slag) was obtained by an industrial smelting process of Hongge Ore, which is valuable vanadium-titanium magnetite to extract V and Cr in China. Sodium roasting thermodynamics of V-Cr slag in presence of oxygen were calculated to evaluate the reactivity of chemical compounds. Results showed that the oxidation of FeV2O4 was intensified in presence of Na2CO3 while the oxidation tendency of FeCr2O4 was far lower than that of FeV2O4. It was probably that reactions of impurities including Al2O3, SiO2 and Fe2O3 with Na2CO3 happened and the products can promote the oxidation of vanadium or chromium compounds in lower valence. Based on thermodynamic analysis, a two-step selective extraction process of vanadium and chromium was proposed. Extraction rate of vanadium was 88.6% while 7.0% for chromium in the first extraction step; extraction rate of 90.7% and 95.4% for vanadium and chromium, respectively, were obtained in the second step.

Jan 1, 2014

By Ryosuke O. Suzuki

A new cell concept for calciothermic reduction is proposed in which the titanium dioxide instead of TiCl4 is used as the raw material for reduction, Metallic calcium is needed as the reductant of a thermochemicaily stable oxide, such as TiO2. CaCl2, is selected as the solvent of Ca and simultaneously as the solvent of CaO. The reduction system consists of a single cell where both the reduction reaction and the electrolytic reaction for recovery of reducing agent coexist in the same molten CaCl2 bath. A few mol%Ca dissolves in the melt and gives the media a strong reducing power. Sufficiently deoxidized metallic titanium deposits and forms a slightly sintered granular sponge. Both mechanisms of the halide flux deoxidation and the electrochemical deoxidation work efficiently for these fine precipitates, The reducing agent is in situ recovered by electrolysis of CaO because the molten CaCl2 he a relatively large solubility for CaO Some cell designs and modifications are proposed for industrial applications.

Jan 1, 2003

By J. E. Dutrizac

A mineralogical study of a weak acid leach residue from the Clarksville zinc plant of Savage Zinc Inc. was carried out. The study focused on Pb and Cd as these elements most significantly impact on the environmentally acceptable disposal of the residue. The residue consists of major amounts of bassanite, zinc ferrite and various Zn-Pb-Fe-Cd silicate species. Also present are lesser quantities of PbSO4, sphalerite, Fe2O3 quartz, Mn-Pb-Fe oxides, SrS04, (Pb,Sr)SO4 iron gel-silica gel, jarosite and Ti oxide. The principal Cd carriers are the zinc ferrite, which contains up to 9.00% Cd and likely accounts for -45% of the total Cd content of the residue, and the various silicate species which contain up to 6.97% Cd and account for about 45 % of the total Cd. The sphalerite is a minor Cd carrier containing an average of 0.35 % Cd and accounting for -5 % of the total Cd; the other carriers contribute only trace amounts to the total Cd content. The major Pb carriers are PbS04, Pb-bearing silicates and Mn-Pb-Fe oxides. Minor proportions of the total 1.09% Pb content of the residue are carried by SrS04 and (pb,Sr)S04' Trace Ph carriers include the iron gel-silica gel, Fe-Zn-AI oxide and bassanite. The residue after the toxicity characteristic leaching procedure (TCLP) is mineralogically very similar to the initial weak acid leach residue; the amounts of calcium sulphate are approximately the same in the two products. The principal Cd and Pb carriers are also the same as those noted in the initial residue, except that some dissolution and reprecipitation of Pb-Sr sulphate takes place. That the residue fails the TCLP test is likely a consequence of the superficial dissolution of Pb and Cd from species such as PbS04 or Zn-Pb-Fe-Cd silicate.

Jan 1, 1995

By Yuanbo Zhang, Ruijun Wang, Qian Li, Zhao Jing, Guanghui Li, Zhengwei Yu, Chen Liu

The high content of sodium and potassium in sinter is harmful for blast furnace ironmaking. Reductive sintering technology can remove more alkali metals than conventional sintering process. In order to improve the removal ratios of Na and K, reductive sintering with both CO-containing flue gas circulation and carbon-bearing pellet was conducted in this study. Experimental results show that all indexes except the VSV and P were improved in reductive sintering with CO circulation. Flue gas circulation technique combined with carbon-bearing pellets were beneficial to reductive sintering, because it could maintain good sintering indexes and enhance the removal of Na, K. The best removal ratios of Na, K and reduction degree of iron oxides were 20.37%, 63.73% and 23.76%. In reductive finished sinter, silicate mineral becomes the important binder phase, and main iron mineral phases are wustite (FexO) and magnetite (Fe3O4).

Jan 1, 2016

By Takaaki Ishikawa

The distribution equilibria of lead, zinc and copper between CaO-Si02-Ah03 melts and liquid copper were measured at 1623K under a controlled H2-C02 atmosphere. The distribution ratios were plotted against the oxygen partial pressure, and reasonable oxide forms dissolved in the melts were estimated from the slopes of the plots. The activity coefficients of zinc oxide (ZnO), lead oxide (PbO) and cuprous oxide (CuOQs) increased with increasing slag basicity, defined by Xcao /XSiO, The temperature dependence of the activity coefficients was also measured.

Jan 1, 2003

By Stefan Mutz

In Germany the automobile recycling is regulated by law. Current legislation requires that by the year 2015, eighty five w.-t. % of the components from used cars ill be materially recycled. Whilst for 10 w.-t. % of the materials a thermal utilization is certified, there are still some concrete questions that remain unanswered regarding the usability of single fractions. The recent innovative approaches to the concepts of used cars dismantling do not alter the fact that the majority of the materials of used cars still have to pass over the shredder and the connected processing aggregates. The status of the so called SLF (Shredder light fraction) which is about 25 w.-t. % w.-t. in used cars, has not been satisfactorily clarified. Furthermore questions still remain regarding the separation of the NMSF (nonmagnetic metal shredder fraction) which has to be separated in the single metallic fractions like stainless tell, copper, brass, zinc, etc. Attempts of optimization can be found. This paper analyses some of the difficulties being encountered by the automobile recycling industry in Germany, before reviewing some of the innovative approaches that the industry has introduced. Finally the paper goes on to describe the potential of automatic picking. Examples of a series of tests, utilizing this technology, in which a variety of products from a range of shredders were isolated are described in detail. This new technology provides a range of applications to the automobile recycling industry.

Jan 1, 2002

By Y. W. Chung, W. I. Chia

"The interaction of water vapor with single crystal Ni3(Al,Ti) and polycrystalline Ni3Fe, with and without the presence of oxygen, has been studied with Auger electron spectroscopy, photoemission spectroscopy, thermal desorption and isotope exchange. Water dissociates to produce atomic hydrogen above 200 K on both Ni3(Al,Ti) and Ni3Fe surfaces. For Ni3(Al, Ti), the reaction is structure-sensitive. Pre-adsorbed or co-adsorbed oxygen on Ni3(Al,Ti) and Ni3Fe significantly suppresses hydrogen production due to water dissociation. This suppression process occurs more efficiently on Ni3Fe than Ni3(Al, Ti).IntroductionOrdered intermetallic compounds such as aluminides, silicides and titanides are very attractive for structural applications at high temperatures. This is because these intermetallics tend to form adherent oxides in oxidizing environments which protect the base materials from excessive oxidation and corrosion. In addition, they have low density, relatively high melting points and good high-temperature strength. However, the moisture in air severely embrittles many ordered intermetallics such as FeAl [1-3], Fe3A1 [4,5], C03Ti [6,7], (Co,Fe)) V [8], Ni3Si [9], Ni3(Si,Ti) [10], Ni3(AI,Mn) [Ill, and Ni3A1 [12-14], resulting in low 'ductility and brittle fracture at room temperature. Recent studies by Liu and coworkers (see review by George and Liu [15]) provide a qualitative description of the mechanism for this moisture-induced embrittlement. During elongation testing, cracks are formed, thus exposing fresh alloy surfaces. One or more active components of the alloy react with water vapor in the environment to produce atomic hydrogen which penetrates into crack tips and causes hydrogen embrittlement. This is similar to that proposed for moisture-induced embrittlement of aluminum alloys [16]."

Jan 1, 1996

By Hadi Fanisalek

"Most industries attempted to conduct their energy consumptions in an optimized way for a few decades. This is because policymakers and top managements in industries have felt the critical situation of a possible energy shortage that could happen for them in the near future, even in countries with significant fossil fuel resources. Decisions related to energy consumption in any industry will have a long-term effect on different parts of the industry structure. In this way, energy decisions should be categorized as part of any industry's main strategic and long-term decisions, which should be made by top strategists. On the other hand, strategic management has many powerful tools to help the policymakers in industries to establish a long-term strategy for energy consumption and reducing or preferably eliminating the energy loss. This will be more important for industries in the Middle East, where they have just started to make an applicable strategy for their energy consumption and to design a long-term procedure for their energy management. Based on strategic management and by comparison we designed and offered a new model for establishing the main structure of energy management strategy in primary aluminum industry, which is a high consuming energy industry. This strategy, which we will call ESM (Energy Strategic Model) and has been applied for a typical primary aluminum industry in this paper, is similar to the practical models in the field of strategic management, which were developed for designing the overall company strategy.IntroductionThe elementary goal for introducing strategic management in any organization was to establish a successful plan helping the company to survive and to gain competitive advantage over its competitors in a rough business environment. Strategic management is an ongoing process that evaluates and controls the business and industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, and a new economic environment[!]."

Jan 1, 2013