Nonferrous RSS

  • Ferrosilicon prices nearing $1 per pound in tight mart Aug 22, 2014

    Ferrosilicon spot prices are inching closer to the $1-per-pound mark, although long-term contract offtake continues to greatly exceed spot market activity.

  • Tight supply of low-carbon ferrochrome boosts prices Aug 22, 2014

    Low-carbon ferrochrome prices have strengthened amid reports of tightening domestic supply, which has lent support to those holding material sourced from DLA Strategic Materials.

  • Grupo México division faces charge over mine’s acid spill Aug 22, 2014

    A criminal complaint has been filed against Buenavista del Cobre SA de CV by Mexico’s Federal Attorney for Environmental Protection (Profepa) stemming from an acid spill at the company’s Buenavista copper mine into the Sonora River.

  • Sesa Sterlite plea to stay Asarco payment denied Aug 21, 2014

    A judge in U.S. District Court in Texas has denied Sesa Sterlite Ltd.’s request to stay a court order that it pay nearly $83 million to copper miner Asarco LLC.

  • US molybdenum usage rises, world demand falls Aug 21, 2014

    Molybdenum usage in the United States increased 4.2 percent in the first quarter compared with the last three months of 2013, with North American molybdenum production also ticking up slightly.

  • Spot nickel premiums slide on surplus Aug 21, 2014

    Spot premiums for refined nickel units in the North American market have slipped in recent weeks, with industry sources noting a surplus of available material on the market and a late-summer slowdown in trading activity.

  • USS lifts coating extras; others seen following Aug 21, 2014

    Domestic steelmakers are continuing their push to raise zinc coating extras in an effort to offset higher costs.

  • Higher refined copper output, lower demand shrink deficit Aug 21, 2014

    The global refined copper market deficit narrowed to 69,000 tonnes in May, down 62.9 percent from 186,000 tonnes the previous month, as production increased 3.3 percent and consumption fell 2.8 percent.

  • Mart still bullish on Midwest aluminum premium Aug 21, 2014

    Midwest aluminum premiums held their ground this week, with market participants noting that industry sentiment was leaning toward steady or higher premium levels through the fall.

  • Duluth says Twin Metals project viable Aug 20, 2014

    Duluth Metals Ltd.’s proposed Twin Metals nickel-copper-platinum group metals mine in Minnesota is "supported by financial fundamentals" that make the project economically viable, according to a draft prefeasibility study.

  • Glencore’s ferroalloys unit logs strong profit Aug 20, 2014

    Glencore Plc’s ferroalloys division posted a 40.5-percent increase in earnings for the first half of the year, due in part to growing ferrochrome consumption and pricing outside of China.

  • Nasmyth expands into US with deal for metal finisher Aug 20, 2014

    Nasmyth Group Ltd. has expanded into the United States with the acquisition of aerospace specialist Technical Metal Finishing Inc.

  • Power regulators reject Noranda rate relief Aug 20, 2014

    Noranda Aluminum Holding Corp.’s request for a lower electricity rate has been rejected by the Missouri Public Service Commission (PSC).

  • Evans Industries’ deal adds to nonferrous foundry reach Aug 20, 2014

    Private equity firm Evans Industries Inc. has acquired Meloon Foundries Inc. after the owners of the nonferrous foundry chose to retire from the business.

  • United Copper files lawsuit against trucking companies Aug 19, 2014

    Copper wire maker United Copper Industries Inc. is suing trucking companies Litmax Lines Inc. and Landstar Ranger Inc. for alleged non-delivery of shipments.

  • DLA offering ferrochrome for sale Aug 19, 2014

    DLA Strategic Materials is offering 3,000 short tons of high-carbon ferrochrome and 1,275 tons of low-carbon ferrochrome for sale this month.

  • First Quantum completes Lumina buy Aug 19, 2014

    First Quantum Minerals Ltd. has completed its acquisition of copper exploration company Lumina Copper Corp., the mining company said Aug. 19.

  • Noranda power rate meeting set Aug 19, 2014

    The Missouri Public Service Commission (PSC) will issue a report and order Aug. 20 regarding Noranda Aluminum Holding Corp.’s request for a lower electricity rate.

  • Dynacast earnings soar on stronger second-qtr. sales Aug 19, 2014

    Zinc and aluminum die cast producer Dynacast International Inc. reported improved second-quarter results on a strong performance in North America and Europe, particularly a recovery in southern Europe and strong sales at its operations in Germany and the United Kingdom.

  • Lundin’s Eagle gears for output after court OK Aug 18, 2014

    Lundin Mining Corp.’s Eagle nickel-copper mine is set to commence production this fall as scheduled after the Michigan Court of Appeals upheld the project’s mining and groundwater discharge permits.

  • Azure, Kennecott in deal on Mexico project Aug 18, 2014

    Exploration company Azure Minerals Ltd. has reached an earn-in and joint-venture agreement with Kennecott Exploration Co., part of Rio Tinto Group, to explore for copper at Azure’s wholly owned Promontorio project in northern Mexico.

  • Boeing weighs boosting 737 output Aug 18, 2014

    Continuing strong demand for Boeing Co.’s 737 is spurring its builder to consider yet another increase in the airliner’s production rate, which would mean still-greater demand for aerospace aluminum alloy plate.

  • Autos help fuel aluminum shipment gains Aug 18, 2014

    North American service center aluminum shipments inched up last month as strong demand from a number of key markets, including automotive, aerospace and building and construction, continued to drive orders higher.

  • Output cuts driving aluminum price rise: analyst Aug 18, 2014

    Global production curtailments are driving a recent spike in domestic and international aluminum prices, according to Morgan Stanley Research analyst Adam Longson.

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