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Global lead and zinc stocks rose in the first quarter, according to preliminary data from the International Lead and Zinc Study Group (ILZSG).
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Century Aluminum Co., after failing to reach an agreement with its local power provider, has submitted an application to the Public Service Commission (PSC) of West Virginia requesting a power contract that would protect its idled Ravenswood smelter during periods of weak London Metal Exchange pricing.
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New emissions standards for ferroalloys producers could significantly impact the industry, lawmakers told the U.S. Environmental Protection Agency, echoing concerns of domestic manganese alloy producers.
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Copper prices retreated in kerb trading on the London Metal Exchange as nickel prices and aluminium prices managed small gains in the face of crippling fears over Europe’s economic situation.
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Mexico-focused copper developer Baja Mining may not be able to continue as a going concern and is facing a liquidity crisis, its management discussion and analysis for the first quarter of 2012 stated.
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Michael Warren, the London Metal Exchange’s chief technology officer, has died age 56, the exchange announced on Tuesday May 16.
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Base metal prices crept up from earlier lows in official trading on the London Metal Exchange on Wednesday May 16, though the spectre of a bankrupt Greece remains firmly in the foreground.
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Analysts at Standard Chartered have cut price forecasts for base metals on the back of weak macroeconomic data from China and India, as well as a lack of confidence in Europe.
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Glencore International has singed a memorandum of understand (MoU)with the government of Nigeria to discuss prospects in the mining industry inside the country that could amount to up to $1 billion of investment.
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Activity in the European tin market is steady but quiet, as demand remains low and traders prepare for the traditional summer lull on the continent, traders told Metal Bulletin.
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In a country still dogged by political instability and an uncertain future, Egyptian state aluminium producer Egyptalum remains upbeat about its own outlook.
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Copper prices lost ground in pre-market trading on the London Metal Exchange on Wednesday May 16, as the euro hit a four-month low against the dollar and Greece’s exit from the EU looked imminent.
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NYSE Euronext has been knocked out of the bidding for the London Metal Exchange after submitting a proposal that valued the exchange at around £800 million ($1.28 billion).
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Argentina’s industry ministry has prompted mining companies in the country to present a plan to replace imports and increase the volume of business with local suppliers.
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Votorantim Metais saw its earnings before interest, tax, depreciation and amortisation (Ebitda) more than halve to around 300 million Reais ($150.2 million) in the first quarter on lower metal prices and higher oil and electricity costs.
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Shanghai Futures Exchange copper prices fell further on Wednesday May 16 as investors shunned risky assets for fear of a Greece default.
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Arbitrage for copper, aluminium and zinc imported into China
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Egypt’s Arab Aluminum missed its April sales target by 14.7%, as the company was hit by tougher market conditions.
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Chinese molybdenum concentrate prices fell again this week after sellers cut offers still further, with prices reaching their lowest level since June 2009.
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Demand from China will be an important driver for growth in the face of sluggish copper markets, according to Freeport McMoran Copper & Gold's ceo Richard Adkerson.
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Freeport-McMoran Copper & Gold is working to return operations at its strike-hit Grasberg mine back to normal, but violence among workers remain the company’s main concern, ceo Richard Adkerson told delegates at the Bank of America Merrill Lynch conference in Miami.
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Russia-based Baikal Mining will need to raise a further $5 billion, once it has completed its feasibility documentation, to start work at its Udokan copper deposit in eastern Siberia, the company spokeswoman told Metal Bulletin.
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Key information on Egyptalum
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China’s daily lead output rose by 6.9% month-on-month in April, as smelters increased production.