Nonferrous RSS

  • LME, banks face another zinc lawsuit Jul 11, 2014

    Galvanizers Co. has filed a class-action lawsuit against the London Metal Exchange, Glencore Xstrata Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and their respective warehousing units over alleged warehouse manipulation that it claims has driven up U.S. zinc premiums

  • Ferrochrome prices climb on strong demand Jul 11, 2014

    Ferrochrome spot prices have moved up on the back of sustained strong demand and tight supply, while ferrovanadium and molybdenum spot prices continue to show weakness.

  • Silicon prices rise as supply problems persist Jul 11, 2014

    Silicon metal prices have increased significantly over the past month, with sources noting that continued problems from power issues in Brazil coupled with lower production at a smelter in Australia had reduced U.S. imports.

  • Thompson Creek moly output falls, copper rises Jul 11, 2014

    Thompson Creek Metals Co. produced 16 million pounds of copper in the second quarter, up 12.7 percent from 14.2 million pounds in the first three months of the year.

  • US brass mill imports up, exports dip in May Jul 11, 2014

    U.S. imports of brass mill products increased in May compared with the same month last year while exports fell, according to data from the Copper and Brass Fabricators Council.

  • Atlantic eyeing $122M Windimurra restructuring Jul 11, 2014

    Atlantic Ltd. is proposing an Australian $130-million ($122.1-million) restructuring of its Windimurra vanadium operations in Western Australia aimed at addressing "production bottlenecks."

  • NAN reappoints execs, re-elects directors Jul 11, 2014

    North American Nickel Inc. (NAN) has reappointed four executives and re-elected six directors to the board at its annual general meeting.

  • Royal Nickel executes $4.7M equity financing agreement Jul 11, 2014

    Royal Nickel Corp. (RNC) has completed its Canadian $5-million ($4.7-million) equity financing deal, the company said July 11.

  • Capstone copper output on target in 2d qtr. Jul 10, 2014

    Capstone Mining Corp.’s Pinto Valley, Cozamin and Minto mines produced 27,700 tonnes of copper in concentrate and cathode in the second quarter, virtually even with the first three months of the year, the company said July 10.

  • Weak markets force General Cable restructure Jul 10, 2014

    A “lack of consistent momentum in utility and construction spending,” as well as underperforming assets abroad, were behind General Cable’s decision to restructure its business, executive vice president and chief financial officer Brian Robinson said.

  • Alcoa to see boost from autos: analyst Jul 10, 2014

    Alcoa Inc’s Global Rolled Products and Engineered Products and Solutions segments are positioned to capitalize on emerging trends in global aerospace and automotive markets, according to a Morgan Stanley analyst.

  • Spot Midwest premiums rise to 20¢/lb. Jul 10, 2014

    Midwest aluminum premiums have reached the 20-cent-per-pound mark again, with reportedly tight availability over the summer months lending further support to spot prices.

  • General Cable to restructure, slash jobs Jul 09, 2014

    Wire and cable manufacturer General Cable Corp. will restructure its business, an effort it expects will lead to annual savings across all segments of $10 million this year and $75 million starting in 2016.

  • Alcoa forecasts bigger global aluminum deficit Jul 09, 2014

    Alcoa Inc. has increased its forecast global aluminum supply deficit for the year while maintaining bullish forecasts for aluminum end markets, including aerospace, automotive, and building and construction.

  • Copper Mountain output rises Jul 09, 2014

    Copper Mountain Mining Corp. reported increased output from its Copper Mountain mine in British Columbia in its second-quarter production report July 9.

  • Horsehead takes outage at Mooresboro Jul 09, 2014

    Horsehead Holding Corp. announced a “temporary outage” at its Mooresboro, N.C., zinc production facility July 8.

  • Exide seeks approval to borrow $65M Jul 09, 2014

    Exide Technologies Ltd. is seeking permission to borrow an additional $65 million from its bankruptcy creditors, according to documents filed in U.S. Bankruptcy Court in Delaware.

  • Aerospace, auto demand boost Alcoa results Jul 08, 2014

    Rising aluminum demand from the aerospace and automotive sectors and improved pricing put Alcoa Inc. firmly in the black in the second quarter.

  • Taseko sees Gibraltar Mine output rise Jul 08, 2014

    Taseko Mines Ltd. reported higher copper and molybdenum output in its second-quarter production results July 7.

  • Zinc consumers react to shorter LME wait times Jul 08, 2014

    Despite dwindling queues, U.S.-based zinc consumers in the United States are not rushing to buy material from London Metal Exchange zinc warehouses, sources told AMM.

  • Sapa adding muscle in India, Vietnam Jul 08, 2014

    Global aluminum solutions supplier Sapa Group is expanding its footprint in Asia with major capital investments in India and Vietnam.

  • Mercator Minerals’ copper, moly output rises in 2d qtr. Jul 08, 2014

    Mercator Minerals Ltd.’s copper and molybdenum production at its Mineral Park Mine in Arizona has improved markedly since the start of the year due to "significantly higher operating rates," the company said July 8.

  • DLA sells ferrochrome for $5.61M Jul 08, 2014

    DLA Strategic Materials sold ferrochrome to Hickman, Williams & Co., Russian Ferroalloys Inc. (RFA) and Veritas Alloys & Metals LLC for a combined $5.61 million in June.

  • Metals sector could see M&A ramp up: KeyBanc Jul 07, 2014

    The next year could see increased merger-and-acquisition activity in the metals sector as markets improve, according to one analyst.

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