Nonferrous RSS

  • Nickel demand loses steam after rally Jun 19, 2014

    Spot market demand for refined nickel units in North America has slowed somewhat in recent weeks, with material availability "no less tight" than it had been over the past several months, according to market participants.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • Mumford acquires AFW Foundry Jun 19, 2014

    AFW Foundry Inc., a nonferrous aluminum, brass and bronze foundry, has been sold to Mumford Cos., a business and real estate holding company. The terms of the deal were not disclosed.

  • GAA to cut output at silicomanganese unit Jun 18, 2014

    Georgian American Alloys Inc. (GAA) will reduce silicomanganese production at its Georgian Manganese LLC subsidiary in Georgia by 2,500 tonnes per month, with subsidiary Felman Production LLC preparing to return to production soon.

  • FerroAtlántica building $382M plant in Quebec Jun 18, 2014

    Grupo FerroAtlántica SA will build its first North American silicon plant in Port-Cartier, Quebec.

  • DLA offers ferrochrome for sale Jun 18, 2014

    DLA Strategic Materials has offered 2,970 short tons of high-carbon ferrochrome and 2.24 million pounds of low-carbon ferrochrome for June.

  • RNC completes acquisition of stake in True North Nickel Jun 18, 2014

    Royal Nickel Corp. (RNC) has completed its acquisition of a 56-percent stake in True North Nickel Inc.

  • International Wire balks at CN Wire incentives Jun 17, 2014

    CN Wire Corp., which is building a 256,000-square-foot facility in Doña Ana County, N.M., has raised the hackles of competitor International Wire Group Inc., which has operated in the county since 2011.

  • Anfield closes Mayaniquel sale to Cunico Resources Jun 17, 2014

    Anfield Nickel Corp. has closed the sale of Guatemalan subsidiary Mayaniquel SA and its nickel laterite project to Cunico Resources NV.

  • Mark resigns from helm of NAN, VMS Ventures Jun 17, 2014

    North American Nickel Inc. (NAN) chairman and chief executive officer Richard Mark has resigned and won’t stand for re-election at the company’s annual shareholders’ meeting next month.

  • Century Aluminum names Rick Dillon finance chief Jun 17, 2014

    Century Aluminum Co. has appointed Rick T. Dillon executive vice president and chief financial officer.

  • Scrap dealer gets probation for lying in probe Jun 17, 2014

    A Pittsburgh scrap dealer who admitted wrongdoing in a $1-million nickel theft case has been placed on probation for one year and ordered to pay $148,297 in restitution.

  • Global zinc, lead markets remain in deficit Jun 16, 2014

    The global refined zinc and lead markets both logged a deficit in the first four months of 2014, according to data compiled by the International Lead and Zinc Study Group (ILZSG).

  • Alcoa to sell Jamaican mining interest Jun 16, 2014

    Alcoa Inc. has signed a nonbinding letter of intent with Noble Resources UK Ltd. to pursue a sale of its stake in Alcoa Minerals of Jamaica LLC (AMJ).

  • Funding source clouds Calif. aluminum project Jun 16, 2014

    The source of funding for a proposed $1.5-billion secondary aluminum manufacturing facility in Barstow, Calif., is being disputed by the project’s developer.

  • APCo ‘nearing’ Felman power deal Jun 16, 2014

    Appalachian Power Co. (APCo) is "nearing agreement" with silicomanganese producer Felman Production LLC on a new electricity supply contract, the company said, and has subsequently withdrawn its petition for clarification with the West Virginia Public Service Commission.

  • Avanti Mining wins Kitsault permit Jun 16, 2014

    Avanti Mining Inc. has received an amended Mines Act permit for its Kitsault molybdenum project and expects to begin construction soon.

  • Anfield shareholders approve Mayaniquel deal Jun 16, 2014

    Anfield Nickel Corp. shareholders have approved the sale of Guatemalan subsidiary Mayaniquel SA and its nickel laterite project to ferronickel producer Cunico Resources NV.

  • $70M incentive package OK’d for CN Wire plant Jun 13, 2014

    Local officials in Doña Ana County, N.M., have signed off on a $70-million incentive program for CN Wire Corp. in the form of industrial revenue bonds, pending approval by the county’s department of finance, a county commissioner told AMM.

  • Ferrovanadium rebounds as moly stays flat Jun 13, 2014

    Ferrovanadium spot prices rebounded slightly this past week following a period of reported softness, while molybdenum prices appear to have steadied after rallying in April and May.

  • Can’t find your metal? Just ask the genie of Qingdao Jun 12, 2014

    It’s an almost comical scene. A representative from a Western bank or the (supposed) owner of a cargo wanders around a busy port in China’s Shandong province.

  • Copper tubing maker sued for dumping waste Jun 12, 2014

    A copper flow products manufacturer is being sued for allegedly releasing harmful chemicals and toxins into the environment at its recycling and smelting facility in southern Illinois.

  • LME rules won’t hurt aluminum premiums Jun 12, 2014

    The market will support high premiums on aluminum regardless of the London Metal Exchange’s new warehousing rules, according to an executive at BNP Paribas.

  • Officials back Noranda lower power rate request Jun 12, 2014

    Elected officials from five Missouri counties near Noranda Aluminum Holding Corp.’s New Madrid, Mo., aluminum smelter are backing the company’s request for a lower electricity rate.

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