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MMC Norilsk Nickel’s full-year net income fell 41 percent to $2.1 billion last year, with $976 million in noncash write-offs.
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Aluminum billet market views are mixed, with some saying a seasonal demand uptick has largely failed to materialize as supplies increased, while others contend that the automotive, and building and construction markets are bringing some renewed vigor.
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Copper cathode premiums are expected to climb as a result of Kennecott Utah Copper halting mine production following a wall slide at its Bingham Canyon Mine.
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GBC Metals LLC, part of Olin Brass Inc., plans to increase prices for its light-guage, narrow-width and specialty finish products beginning with June 28 shipments.
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The Commerce Department’s International Trade Administration (ITA) has issued a partial rescission in an anti-dumping duty administrative review of imports of seamless refined copper pipe and tube from Mexico from Nov. 1, 2011, to Oct. 31, 2012.
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Service centers will be affected by the conflict minerals reporting requirements coming into force in 2014 as many of their customers are subject to the rules.
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RTI International Metals Inc. plans to sell $350 million in 1.625-percent convertible senior notes, raising the amount of its initial intended offering by $100 million.
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The time is ripe for borrowing money and making acquisitions, according to Alan Beaulieu, president of ITR Economics and chief economist of the Copper and Brass Fabricators Council.
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Citing an appreciation in China’s yuan, the U.S. Treasury Department declined to name the Asian nation a currency manipulator in a semi-annual report to Congress released April 12.
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Junior mining company Tungsten Corp. has acquired all the issued and outstanding shares of Nevada Tungsten Holdings Ltd.
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American Vanadium Corp. has closed a nonbrokered private placement of 1.6 million shares, raising more than Canadian $1.12 million ($1.11 million).
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Kennecott Utah Copper continues to produce cathode at its refinery using stockpiled inventory after an April 10 wall slide forced the company to halt mining operations at its Bingham Canyon Mine.
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The restart of Revett Minerals Inc.’s flagship Troy Mine in northwestern Montana has taken longer than expected because of permitting issues, the company said.
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Midwest aluminum spot premiums held their ground this past week as warehousing deals and a tighter aluminum scrap market bolstered tags despite continued concerns about end-use demand in some markets.
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High-carbon ferromanganese prices have weakened to between $1,090 and $1,145 per long ton from $1,090 to $1,165 previously, with a three-truckload deal reported at the top end of the range this past week.
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Orvana Minerals Corp. has returned to full production after a one-day strike at its Bolivian copper-gold-silver mine.
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Two months after it vowed to "vigorously" eliminate obsolete facilities, the Chinese government has laid out a plan to eliminate less than 1 percent of the country’s aluminum capacity.
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Consolidation in the copper service center industry is likely to pick up over the next few years, ABC Metals Inc. president Daniel Kendall told AMM.
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Jim Cochrane has resigned as chief commercial officer of Eurasian Natural Resources Corp. Plc (ENRC) effective immediately, the company said April 11.
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PolyMet Mining Corp., a copper-nickel-precious metals mine development company, is aiming to raise up to $60 million through a common share offering.
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Mark Askew, vice president of marketing for Metro International Trade Services LLC, has resigned from the company effective April 11.
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Rio Tinto Plc has suspended operations at its Bingham Canyon Mine in Utah following a wall slide and is currently assessing the damage, the company says.
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RTI International Metals Inc. anticipates higher-than-forecast first-quarter operating results now that a logjam in duty-drawback payments has been broken.
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Melting-grade nickel premiums continue to languish in the 15- to 25-cent-per-pound range, with market participants reporting slack demand in the spot market.