Nonferrous RSS

  • DLA sells ferrochrome to four companies for $5.22 million Jun 06, 2014

    DLA Strategic Materials sold 1,500 short tons of high-carbon ferrochrome and 1,250 short tons of low-carbon ferrochrome to four companies for a combined $5.22 million in May.

  • Standard Bank examining metals financing in China Jun 06, 2014

    Standard Chartered Bank is reviewing its provision of metals financing to some companies in China amid a local investigation into alleged fraudulent documentation.

  • Midwest aluminum premiums tick up Jun 06, 2014

    Midwest aluminum premiums continued to trend higher this week, with market participants claiming that buyers have been looking to lock in purchases in anticipation of near-term price increases.

  • Adanac asks shareholder OK to sell assets Jun 05, 2014

    Adanac Molybdenum Corp. has scheduled a shareholder vote on a proposed sale of substantially all of the company’s assets.

  • Kaiser Aluminum promotes two executives Jun 05, 2014

    Kaiser Aluminum Corp. has promoted Peter S. Bunin to executive vice president of strategy and Keith A. Harvey to executive vice president of the company’s fabricated products division.

  • Copper use making strides despite challenges Jun 04, 2014

    A boom in alternative energy sources and the growing awareness of copper’s antimicrobial properties will help spur demand, despite challenges in pushing the adoption of new applications, according to the Copper Development Association (CDA).

  • Bank investigating China port irregularities Jun 04, 2014

    Standard Bank Group has commenced investigations into potential irregularities regarding stocks of metal held in bonded warehouses at the Chinese port of Qingdao, a company spokesman said.

  • Lee Brass names sales managers Jun 04, 2014

    Alabama brass castings company Lee Brass Co. has named Larry Waldron national sales manager for its plumbing, industrial and marine products and Bill Kimpton as its national original equipment manufacturer sales manager, it said June 3.

  • Ford unveils lightweight car in aluminum drive Jun 04, 2014

    Ford Motor Co. has unveiled a lightweight concept vehicle based on its 2013 Fusion, the next step in the automaker’s push toward weight reduction and improved fuel economy.

  • Aleris, Novelis find conflict minerals rules not infringed Jun 04, 2014

    Aleris Corp. and Novelis Inc. have determined that no conflict minerals from their supply chains originated in the Democratic Republic of the Congo (DRC) or neighboring countries, they said in documents filed with the U.S. Securities and Exchange Commission (SEC) June 2.

  • Royal Nickel expecting LME stocks to start shrinking in fall Jun 03, 2014

    Royal Nickel Corp. (RNC) said its impending acquisition of True North Nickel Inc. will allow it to take advantage of a "rapidly improving nickel market" that faces a "structural shortfall of supply," with the company expecting London Metal Exchange inventories to begin shrinking by fall 2014.

  • Alcoa said mulling shift in gear toward Nasaac Jun 03, 2014

    Alcoa Inc. could look to produce aluminum alloy conforming to the London Metal Exchange’s NA380.1 specification, a move that would reflect a recent spike in prices for the exchange’s North American special aluminum alloy contract (Nasaac), traders told AMM.

  • Key player in copper theft scheme given prison term Jun 03, 2014

    A man who was said to have played a key role in the theft of nearly $10 million worth of copper from Asarco LLC since 2006 has been sentenced to two and a half years in prison, Arizona Assistant Attorney General Mike Jette told AMM.

  • Southwire shifting from construction: Thorn Jun 03, 2014

    The housing bust of 2009 continues to squeeze the construction industry, and Southwire Co. has continued to diversify away from this segment of the market, according to its top executive.

  • KWG rail pitch aims to end Ring of Fire gridlock Jun 03, 2014

    KWG Resources Inc. is proposing a bill to the Ontario government that would help facilitate the development of the Ring of Fire by using existing rail freight infrastructure.

  • Avanti, Nisga’a Nation sign Kitsault mine deal Jun 03, 2014

    Avanti Mining Inc. has signed an agreement with the Nisga’a Nation covering the Kitsault molybdenum mine project in northwestern British Columbia.

  • CMI shuts moly mine; minimal impact seen Jun 03, 2014

    Chevron Mining Inc. (CMI) has shut down its Questa molybdenum mine in New Mexico due to "projected ongoing financial losses," although market sources believe the closure will have little impact on the domestic market.

  • RTI boosts powder materials capacity with Dynamet buy Jun 03, 2014

    RTI International Metals Inc. has acquired titanium and titanium-alloy components producer Dynamet Technology Inc. for $15.5 million in cash to help boost its powder materials capabilities.

  • Copper activity poised to rise: USGS Jun 02, 2014

    Future copper market activity appears to be on course to increase, according to data from the U.S. Geological Survey (USGS).

  • No conflict minerals violations: steelmakers Jun 02, 2014

    Following reviews of their products and suppliers, three U.S. steelmakers said they have no reason to believe they sourced conflict minerals from countries covered under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • EPA’s new rules could hurt steelmakers Jun 02, 2014

    New U.S. regulations aimed at curbing pollution from power plants could drive up metals prices and the cost of goods made from metals, according to industry analysts and trade associations.

  • Olin Brass hikes metals extras Jun 02, 2014

    GBC Metals LLC, which operates as Olin Brass, will increase its aggregated metals surcharge effective with July 1 shipments, it said June 2.

  • RNC to acquire stake in True North Nickel Jun 02, 2014

    Royal Nickel Corp. (RNC) has signed a nonbinding letter of intent to acquire a 56-percent stake in True North Nickel Inc.

  • Market mixed on anticipated zinc deficit May 30, 2014

    An expected zinc deficit wll likely boost prices to new highs this year, which could push consumers away from zinc applications, some analysts said.

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