• LME to contest zinc price manipulation suit May 27, 2014

    The London Metal Exchange will "vigorously" contest a lawsuit filed against the exchange by Duncan Galvanizing Corp., which alleges anti-competitive and monopolistic behavior in the warehousing market in connection with zinc prices.

  • Copper cathode premiums hold firm May 23, 2014

    Copper cathode premiums remained steady May 22, but higher premiums could be seen going forward if demand picks up over the summer.

  • Sen. urges action in Russian ferrosilicon case May 23, 2014

    Sen. Sherrod Brown (D., Ohio) has accused Russian ferrosilicon exporters of undermining the U.S. Commerce Department’s anti-dumping investigation by “withholding key information necessary to determine the duties that would be imposed on Russian imports.”

  • Novelis boosts worker pay at Oswego plant May 23, 2014

    Novelis Inc. will give 3-percent annual pay raises for the next five years to nearly 600 hourly employees at its Oswego, N.Y., aluminum sheet facility and will make no changes to its pension plan for the same five-year period.

  • Noront to buy Cliffs exploration camp May 23, 2014

    Noront Resources Ltd. has reached an agreement to acquire an exploration camp from Cliffs Chromite Ontario Inc. for the development of its Eagle’s Nest nickel-copper project in northern Ontario’s Ring of Fire.

  • Augusta gets loan OK despite permit delay May 23, 2014

    Despite a delay in certain key permits for Augusta Resource Corp.’s Rosemont copper project near Tucson, Ariz., the company said it will still receive part of a loan facility from RK Mine Finance Trust that had been dependent on the permits.

  • Ferrochrome prices holding steady May 23, 2014

    Tightening high-carbon ferrochrome supplies are prompting major sellers to limit spot offers.

  • Silicon metal prices up as US imports curbed May 23, 2014

    Silicon metal prices have increased over the past month, with sources noting that issues with Brazil’s power supply had caused U.S. imports to fall dramatically.

  • Global copper deficit narrows: ICSG May 23, 2014

    The global refined copper market deficit narrowed to 5,000 tonnes in February from 123,000 tonnes the previous month, according to preliminary data from the International Copper Study Group (ICSG).

  • Pebble Mine developers sue EPA May 22, 2014

    Developers of the Pebble Mine copper-gold-molybdenum project in Alaska have filed a lawsuit against the U.S. Environmental Protection Agency seeking an injunction to suspend an EPA review of the project, the developers said May 22.

  • Nickel market tight, premiums hold firm May 22, 2014

    Strong demand from stainless steel and specialty alloy producers continues to drive tightness in the spot market for refined nickel units in North America, although the arrival of more material in recent weeks has helped maintain premiums, market participants told AMM.

  • JPMorgan adjusts global metals team May 22, 2014

    JPMorgan Chase & Co. has made a number of cuts in its metals team globally, sources familiar with the matter said.

  • Horsehead starts output at Mooresboro smelter May 22, 2014

    Horsehead Holding Corp. has begun production of zinc metal at its new Mooresboro, N.C., smelter.

  • Memorial Day holiday notice May 22, 2014

    AMM’s offices will be closed Monday, May 26, in observance of Memorial Day, and there will be no issue dated Tuesday, May 27. The New York Mercantile Exchange and the London Metal Exchange are also closed.

  • Century said looking to buy Ormet assets May 22, 2014

    Century Aluminum Co. is looking to purchase spare parts and equipment from Ormet Corp.’s Hannibal, Ohio, smelting facility, but not the entire plant, a source familiar with the matter said.

  • Johnson Brass idles foundry after accident May 21, 2014

    Alloy machining company Johnson Brass & Machine Foundry Inc. has shut down its foundry during an investigation into the cause of a May 19 accident that injured eight people.

  • Chinese metal firms may have obtained US data May 20, 2014

    Some of China’s biggest metal firms, as well as a Chinese nuclear power company, may have gained access to confidential information both from competitors and joint-venture partners in the United States that allegedly was stolen by Chinese military hackers.

  • Stainless scrap fluctuates as market eyes LME May 20, 2014

    Stainless scrap prices continue to fluctuate due to volatile London Metal Exchange nickel tags, with scrap market participants noting a lull in activity at the start of the week as suppliers waited for nickel to return to the 27-month highs seen last week.

  • DLA offering 4,250T of ferrochrome in May May 20, 2014

    DLA Strategic Materials is offering 3,000 short tons of high-carbon ferrochrome and 1,250 short tons of low-carbon ferrochrome for May. Bids close the afternoon of May 21.

  • Novelis mulls capacity growth for automotive May 19, 2014

    Novelis Inc. expects the automotive industry to account for 20 percent of its product mix by 2017, but the company would have to consider significant investments in capacity to capture market share beyond its current contractual obligations.

  • US metal firms said targets of Chinese spying May 19, 2014

    Chinese hackers allegedly have stolen sensitive economic data from U.S. metal companies, including U.S. Steel Corp. and Alcoa Inc.

  • Largo completes Maracás commissioning May 19, 2014

    Largo Resources Ltd. has begun warming the kiln at its Maracás vanadium project in Brazil and is preparing to start production of vanadium pentoxide.

  • HudBay extends bid for Augusta May 19, 2014

    HudBay Minerals Inc. has extended its offer to acquire Augusta Resource Corp.’s shares until 5 p.m. May 27.

  • Victory Nickel ‘encouraged’ by rising LME nickel prices May 17, 2014

    Victory Nickel Inc. is "encouraged" by rising London Metal Exchange nickel prices in the first quarter of 2014 and is continuing commissioning of its 500,000-ton-per-year frac sand processing facility in Alberta, the junior miner said in its first-quarter financial report May 16.

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