Nonferrous RSS

  • CME delays aluminum futures trading start Apr 10, 2014

    CME Group Inc. plans to push back trading of its North American physically delivered aluminum futures contract by one day to May 6, it said April 9.

  • Capstone Mining releases production results for 1st qtr. Apr 10, 2014

    Capstone Mining Corp.’s three mines produced 27,600 tonnes of copper in concentrates and cathode in the first quarter, as well as 41 tonnes of molybdenum, it said.

  • Copper financing deals in China have yet to unwind Apr 10, 2014

    There could be up to 1 million tonnes of copper in financing deals in China, but these arrangements aren’t unwinding yet, Goldman Sachs Group Inc. analyst Max Layton said.

  • Jupiter calls for alternate price model Apr 10, 2014

    Jupiter Aluminum Corp. blasted current pricing models based on the London Metal Exchange and Midwest premium, claiming they no longer reflect supply and demand fundamentals.

  • Exide smelter to stay idle until air rules met Apr 10, 2014

    Exide Technologies Ltd. was dealt a double blow after a California court and regulatory agency both ruled that it cannot resume operations at its Vernon, Calif., lead smelting facility until it gains compliance with new air rules.

  • House judiciary chairman rips CFTC, LME Apr 10, 2014

    U.S. House Judiciary Committee chairman Rep. Bob Goodlatte (R., Va.) ripped the U.S. Commodity Futures Trading Commission (CFTC) and the London Metal Exchange for what he said was a "slow" response to long waits for aluminum at exchange-listed warehouses.

  • Novelis exits household foil market on import pressure Apr 10, 2014

    Novelis Inc. plans to exit the household foil business because of import pressure, largely from China, a company spokeswoman said.

  • Survey of titanium players prompts speculation Apr 10, 2014

    The U.S. Commerce Department’s Bureau of Industry and Security has reportedly contacted titanium companies in recent weeks and instructed them to complete an extensive questionnaire on their business practices, sources told AMM.

  • Commodities to continue rise: ETF Securities Apr 09, 2014

    Investment in commodities picked up in the first quarter of 2014 after underperforming last year, according to exchange-traded product provider ETF Securities Ltd.

  • Alcoa expects construction activity to rise Apr 09, 2014

    North American construction activity should improve with better weather, but the region’s packaging market needs to innovate if it expects to see gains, Alcoa Inc.’s top executive said.

  • Aluminum cable said to replace copper Apr 09, 2014

    Aluminum cable is set to steal market share from copper in a number of areas, according to Nexans SA’s corporate purchasing director for nonferrous metals.

  • Miners applying belt-tightening: analyst Apr 09, 2014

    Mining companies are tightening their belts and exercising supply discipline as they turn their attention to being more frugal, an analyst at Bank of America Merrill Lynch said.

  • More Alcoa production cuts possible Apr 09, 2014

    Alcoa Inc. may consider further capacity cuts at facilities that operate at a loss despite a forecast aluminum shortage, company officials said.

  • LME mulling appeal of court decision, won’t be ‘derailed’ Apr 09, 2014

    The London Metal Exchange is still deciding whether to appeal a U.K. High Court decision in favor of aluminum producer United Co. Rusal (UC Rusal) that halted its new warehouse rules, but the exchange "will not be derailed," chief executive officer Garry Jones said.

  • Brass mill imports, exports rise in Feb. Apr 09, 2014

    U.S. imports and exports of brass mill products increased in February compared with the same month last year, according to the latest statistics from the Copper and Brass Fabricators Council.

  • Nickel output, consumption seen climbing in 2014: INSG Apr 09, 2014

    A recovering world economy has led to improved global nickel demand in the first quarter compared with the latter part of 2013, according to the International Nickel Study Group (INSG).

  • Codelco unfazed by China, fickle tags Apr 08, 2014

    Volatile copper prices and concerns that a clampdown on shadow banking will lead to a flood of metal into China’s domestic market have not resulted in cancellations from customers, Corporación Nacional del Cobre de Chile (Codelco) chief executive officer Thomas Keller told AMM.

  • Codelco at key step in financing talks Apr 08, 2014

    Corporación Nacional del Cobre de Chile (Codelco) is working on annual negotiations for future Chilean government financing, discussions that could have taken on more importance this year due to where the company stands in its investment program.

  • Alcoa posts $178M loss on closures, low prices Apr 08, 2014

    Alcoa Inc. logged a first-quarter net loss of $178 million on low aluminum prices and costs related to plant closures.

  • Codelco moves cost-cutting plans forward Apr 08, 2014

    Corporación Nacional del Cobre de Chile (Codelco) is pushing ahead with its cost containment and productivity improvement initiatives as it seeks to mitigate the effect of fluctuating copper prices and lower ore grades, according to the company’s top executive.

  • Augusta moves up meeting to discuss ‘poison pill’ plan Apr 08, 2014

    Augusta Resource Corp. has moved its annual shareholders meeting to May 2 from May 9 to allow shareholders to consider the company’s shareholder rights plan.

  • Novelis aims for prime position with secondary Apr 08, 2014

    As Novelis Inc. continues to invest heavily in scrap utilization programs and technology in North America, South America, South Korea and Germany, the company is aiming to capture additional market share from manufacturers of prime-based aluminum alloys.

  • Market mixed on LME regional contract plan Apr 08, 2014

    The London Metal Exchange’s plan to launch regional aluminum premium hedging contracts has been met with muted enthusiasm and harsh criticism in North America.

  • Anglo American may target copper investment in Africa Apr 08, 2014

    Anglo American Plc may consider investing in copper assets in Africa, according to a company executive.

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