Nonferrous RSS

  • HudBay posts loss on unsold copper May 01, 2014

    HudBay Minerals Inc. fell $27.2 million in the red in the first quarter as copper sales fell well short of production.

  • Bonnell boosts Tredegar earnings May 01, 2014

    Tredegar Corp.’s earnings almost doubled in the first quarter as a solid performance by subsidiary Bonnell Aluminum Inc. continued to bolster overall revenue.

  • Alcoa inks deal with Spirit AeroSystems May 01, 2014

    Alcoa Inc. has signed a long-term agreement to supply aluminum sheet to Spirit AeroSystems Inc., the company said May 1.

  • Southern Copper output up, but profits still dip Apr 30, 2014

    Southern Copper Corp.’s copper production jumped in the first quarter, due in part to higher recoveries from its Toquepala and Cuajone mines in Peru and its Buenavista Mine in Mexico.

  • Sherritt swings to loss, but Pathe optimistic Apr 30, 2014

    Sherritt International Corp. posted a first-quarter net loss of Canadian $48.2 million ($43.97 million), despite positive production figures from its Ambatovy Mine in Madagascar and the recent sale of its coal business.

  • Lower prices, sales hurt Lundin earnings Apr 30, 2014

    Lundin Mining Corp. said copper, nickel and lead production "exceeded expectations" in the first quarter.

  • Copper consumer demand strengthens in 2014 Apr 30, 2014

    Lead times for copper products have lengthened this year, with consumer demand showing strength across several end markets.

  • Mercator, Intergeo extend merger deadline Apr 30, 2014

    Mercator Minerals Ltd. and Intergeo MMC Ltd. have extended the deadline for their merger agreement to allow more time for Russian authorities to review the deal, as well as to provide additional interim funding.

  • Victory Nickel amends mine plan Apr 30, 2014

    Victory Nickel Inc. has applied for an amendment to the environmental license for its Minago nickel project in central Manitoba that would relocate the mine’s tailings impoundment "to an area much more suitable than previously proposed," the company said April 30.

  • Sherritt closes sale of coal business to two buyers Apr 29, 2014

    Sherritt International Corp. has completed the sale of its coal business for Canadian $946 million ($863.6 million), the company said April 28.

  • Whitehall begins production at Kentucky extrusion plant Apr 29, 2014

    Whitehall Industries Inc. has started production at its aluminum extrusion manufacturing facility in Paducah, Ky., Whitehall president and chief executive officer Yogen Rahangdale told AMM.

  • Boeing reviewing sanctions set on Russian titanium exec Apr 29, 2014

    Boeing Co. is “reviewing” the impact of the U.S. government’s expanded Ukraine-related sanctions against individual Russians that include a top executive of one of its major titanium suppliers.

  • Ducommun earnings up; wins role on 737 MAX Apr 29, 2014

    Ducommun Inc. has landed a role as "the sole-source supplier for a titanium assembly" on Boeing Co.’s 737 MAX, chairman and chief executive officer Anthony J. Reardon said during a quarterly earnings conference call.

  • Eramet optimistic despite 1st qtr. revenue dip Apr 29, 2014

    Eramet SA remains upbeat that improvement lies ahead for the second quarter despite a 10.4-percent year-on-year drop in revenue to €714 million ($986.2 million) during the first quarter.

  • Ontario pledges $1B to develop Ring of Fire Apr 29, 2014

    Junior miners in the Ring of Fire have praised the Ontario government’s $1-billion commitment "to develop strategic all-season industrial and community transportation infrastructure in the Ring of Fire."

  • Correction: Norilsk spared White House sanctions Apr 29, 2014

    Due to a reporting error, a story posted to AMM's website April 28 incorrectly stated that individuals connected to MMC Norilsk Nickel were spared sanctions imposed by the U.S. government April 28. The story should have noted that Sergey Chemezov, who is among the individuals targeted in that round of sanctions, is a nonexecutive director of the company. As reported, the company as a whole has not been targeted by the sanctions.

  • ATI’s Utah plant to stay below capacity Apr 28, 2014

    Lagging demand from nonaerospace industrial markets means Allegheny Technologies Inc. (ATI) will continue to run its titanium sponge facility below capacity, as the sponge it has already earmarked to achieve a premium-quality rating now goes downstream for melt qualification.

  • Norilsk spared US sanctions, but nonexec director cited Apr 28, 2014

    MMC Norilsk Nickel dodged White House sanctions imposed April 28 on Russian businesses and individuals as a result of the ongoing conflict in Ukraine, although a nonexecutive director at the company has been cited.

  • Chinese extruders said skirting US import duties Apr 28, 2014

    U.S. aluminum extruders are increasingly concerned over what some are calling a deliberate tactic by Chinese aluminum extruders to sidestep import duties, sources told AMM.

  • Augusta won’t use ‘poison pill’ plan vs. HudBay Apr 28, 2014

    Augusta Resource Corp. will not use its shareholder rights plan to prevent any unsolicited bidder from acquiring Augusta if a majority of Augusta’s shareholders want to accept the bid, the company said April 28.

  • Avanti Mining inks molybdenum offtake deal Apr 28, 2014

    Avanti Mining Inc. has entered into an offtake agreement with a subsidiary of South Korean steel manufacturer SeAH Group for molybdenum concentrate production from its Kitsault Mine in northern British Columbia.

  • Cunico Resources looking to grow ferronickel stance Apr 28, 2014

    Cunico Resources NV’s acquisition of the Mayaniquel SA project in Guatemala fits the company’s strategy of maintaining its position as a fully integrated ferronickel producer and targeting assets in emerging economies, it said.

  • Doe Run outlines lead plans Apr 28, 2014

    Exploration, technology and diversification will be key to the success of Doe Run Co., president and chief executive officer Jerry Pyatt told AMM in an interview.

  • Encore earnings climb in qtr. on improved wire margins Apr 25, 2014

    Encore Wire Corp.’s net income jumped 69.7 percent year on year in the first quarter as the spread between copper wire selling prices and raw material costs improved.

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