Nonferrous RSS

  • Market to see copper deficit: Freeport Mc-MoRan May 08, 2014

    Global refined copper production is expected to reach 22.3 million tonnes in 2014, with consumption estimated at 28.1 million tonnes, one executive at Freeport-McMoRan Copper & Gold Inc. said.

  • New mandate could make trucking woes worse May 08, 2014

    Federal and state regulations have had a negative impact on trucking capacity and freight costs, but the worst isn’t over, according to Chris Shimoda, director of policy at the California Trucking Association.

  • Apollo’s 1st-qtr. earnings plunge May 08, 2014

    Apollo Global Management LLC’s net income fell sharply in the first quarter.

  • Copper expects boost from renewable energy May 08, 2014

    The renewable energy market, particularly wind and solar, is expected to become a major consumer of copper, said Zolaikha Strong, the Copper Development Association’s (CDA’s) director of sustainable energy.

  • Open-pit mining less risky, more economical: Rio Tinto May 08, 2014

    Open-pit mining is less risky and more economical than underground mining, according to a Rio Tinto Plc executive.

  • BTG Pactual hires former INTL FCStone trader May 08, 2014

    Former INTL FCStone Inc. trader Marsha Cooperider has joined Grupo BTG Pactual SA’s physical base metals team, people familiar with the matter told AMM.

  • Fuel economy drives Ford to aluminum May 08, 2014

    Ford Motor Co.’s switch to aluminum bodies for its F-150 pickup truck stems from its desire to be a trendsetter and to address looming fuel-economy standards, one industry consultant said.

  • Steel is fighting back vs. auto aluminum sheet May 07, 2014

    After being slow to join the battle against automotive aluminum sheet, the steel industry is fighting back with new advanced high-strength steels, industry executives said May 7.

  • Mine approvals too arduous: Ducey May 07, 2014

    Making the approval process for mining projects less arduous and lengthy will be a core theme of Arizona treasurer Doug Ducey’s campaign for governor, he said at the American Copper Council’s Copper College meeting in Tucson, Ariz.

  • Rusal, Reynolds back CME aluminum futures May 07, 2014

    United Co. Rusal (UC Rusal) and Reynolds Consumer Products Inc. have voiced their support for CME Group Inc.’s North American aluminum futures contract, which saw 56 contracts traded on its opening day May 6.

  • Worker deaths halt output at Lockerby May 07, 2014

    First Nickel Inc. has halted production at its Lockerby Mine near Sudbury, Ontario, after two workers died in an underground accident.

  • Correction: Augusta allowed to continue ‘poison pill’ plan May 07, 2014

    Due to a reporting error, stories posted to AMM’s website March 28 and May 5 incorrectly stated the amount of proven and probable copper reserves at Augusta Resource Corp.’s Rosemont copper project near Tucson, Ariz. The project has nearly 6 billion pounds of proven and probable reserves.

  • US titanium ready to fill any gap: RTI May 06, 2014

    The domestic titanium industry can offset any supply disruptions resulting from political tensions between the United States and Russia over events in Ukraine, according to RTI International Metals Inc.’s top executive.

  • CME Aluminum futures contract makes debut May 06, 2014

    CME Group Inc.’s aluminum futures contracts, intended to offer a North American benchmark for managing price risk, have been actively traded in their May 6 debut.

  • General Moly’s hopes lifted by rising moly tags May 06, 2014

    General Moly Inc.’s pursuit of financing for the Mount Hope project in Nevada has been buoyed by a recent rise in free-market molybdenum prices, the company said May 6.

  • Postle Aluminum expands Mich. extrusion plant May 06, 2014

    Postle Aluminum Co. has commissioned a new 7-inch extrusion press and vertical wet coat paint line at its extrusion plant in Cassopolis, Mich.

  • Augusta allowed to continue ‘poison pill’ plan May 05, 2014

    Augusta Resource Corp. can keep its shareholder rights plan in place unless HudBay Minerals Inc. extends its offer to purchase Augusta shares to July 16, the British Columbia Securities Commission has ruled.

  • Aluminum not priced out of auto market: exec May 05, 2014

    Novelis Inc. lambasted an analyst’s claim that aluminum usage in automotive production is unlikely to exceed steel usage until cost efficiencies improve.

  • DLA sells ferrochrome for $4.5M May 05, 2014

    DLA Strategic Materials sold 2,000 short tons of high-carbon ferrochrome and 706 short tons of low-carbon ferrochrome to seven companies for a combined $4.5 million in April.

  • First Quantum sees mixed results in 1st qtr. May 05, 2014

    First Quantum Minerals Ltd.’s results were mixed in the first quarter.

  • Horsehead smelter nears start-up May 03, 2014

    Horsehead Holding Corp. is expected to begin production at its new Mooresboro, N.C., smelter soon, a company executive told AMM.

  • Zinc premiums remain firm on lack of physical supply May 02, 2014

    Zinc premiums remained muted this past week due to a lack of physical material in the market.

  • Superior’s net dips on higher expenses May 02, 2014

    Superior Industries International Inc.’s net income slipped 2.3 percent to $4.82 million in the first quarter from $4.93 million in the same period last year due in part to increased selling, general and administrative expenses.

  • Ferroalloy market eyes Russia sanctions May 02, 2014

    Ferroalloy market participants are eyeing the possibility of further sanctions against Russia, with some suppliers reporting anxiety in the marketplace as to the potential impact on the supply of commodities such as ferrosilicon.

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