Nonferrous

• Alcoa to pay $19.4M toward river cleanup Apr 02, 2013

  Alcoa Inc. will pay $19.4 million toward the cleanup of a stretch of the St. Lawrence River in New York resulting from the release of hazardous substances from its Massena operations since at least the late 1950s.

• UK commodities trader Balli Group enters administration Apr 02, 2013

  Commodities trader Balli Group Plc has gone into administration and appointed consulting firm Deloitte Touche Tohmatsu Ltd. to oversee proceedings, a company source confirmed April 2 to AMM sister publication Steel First.

• Rio Tinto Alcan in talks to sell French smelter Apr 01, 2013

  Rio Tinto Alcan is in talks with an "interested party" as it looks to sell its aluminum smelter in Saint-Jean-de-Maurienne, France, as well as an associated facility in Castelsarrasin, France.

• First Nickel refinances in difficult time Apr 01, 2013

  First Nickel Inc. has restructured its debt as it tries to improve its liquidity position and help finance development of its Lockerby Mine in Sudbury, Ontario, acknowledging that it "is in serious financial difficulty."

• Expected rise in copper imports won't last: mill Apr 01, 2013

  Lengthening lead times at U.S. copper and brass product mills are encouraging more buyers to consider imports, but at least one major domestic mill source said he’s optimistic the trend will be short-lived.

• Vale to go underground at Voisey's Bay; plant delayed Apr 01, 2013

  Vale SA will extend the life of its Voisey’s Bay nickel mine in the Canadian province of Newfoundland and Labrador past 2030 by moving from open-pit to underground.

• Alfiniti targeting HVAC, automotive growth Apr 01, 2013

  Alfiniti Inc. plans to add two new aluminum extrusion presses to its Alfiniti Precision Tube subsidiary in Winston, N.C., over the next five years.

• Century aims to keep Kentucky smelter going Apr 01, 2013

  Century Aluminum Co. will still push to keep its smelter in Hawesville, Ky., up and running, a company spokesman told AMM April 1.

• International Wire’s 2012 earnings down 46% Apr 01, 2013

  International Wire Group Holdings Inc.’s full-year net income fell to $10.8 million in 2012, a 46-percent decline from $20.1 million in 2011.

• Codelco’s copper sales fall 10.7% year on year in 2012 Apr 01, 2013

  Chilean copper producer Corporación Nacional del Cobre de Chile’s (Codelco’s) copper sales revenues fell by 10.7 percent year on year in 2012 on the back of lower copper prices, higher costs and lower mined grades.

• Alcoa slates $52M for NY potline preparation Apr 01, 2013

  Alcoa Inc. plans to invest $52 million through 2015 to modernize its operations in Massena, N.Y., including site work and support projects ahead of the planned construction of a new potline at its Massena East facility.

• Duties under review vs. Chinese magnesium, pipe fittings, threaded rod Apr 01, 2013

  The Commerce Department’s International Trade Administration (ITA) is conducting administrative reviews of anti-dumping duty orders on imports of various products from China.

• Argentine copper export revenue drops Apr 01, 2013

  Argentina’s revenue from copper exports fell in the first two months of this year compared with the same period in 2012, according to the country’s national statistics agency.

• Freeport finalizes buy of cobalt refiner OM Group Apr 01, 2013

  Freeport-McMoRan Copper & Gold Inc. has completed its acquisition of OM Group Inc., a cobalt chemical refinery located in Kokkola, Finland.

• Red Kite loans Nevada Copper $200M Mar 29, 2013

  Nevada Copper Corp. has closed a $200-million senior secured loan facility and copper concentrate agreement with RK Mine Finance, a division of hedge fund Red Kite Group.

• Century, Rio Tinto resume talks with Big Rivers Mar 29, 2013

  Century Aluminum Co. and Rio Tinto Alcan are in discussions with Big Rivers Electric Corp. about the aluminum producers’ smelters in Kentucky potentially tapping the open market for power, a spokesman for the utility said.

• Jinchuan ups 2013 nickel production target Mar 29, 2013

  China’s largest nickel producer, Jinchuan Group Co. Ltd., plans to increase its nickel output 11 percent this year.

• Flat silicomanganese tags bewilder traders Mar 29, 2013

  Traders continue to be nonplussed over flat silicomanganese pricing amid expectations of an increase.

• Augusta Resource reports $9.7M full-year net loss Mar 29, 2013

  Augusta Resource Corp. reported a net loss of $9.7 million for 2012 in contrast to net income of $15.7 million the previous year.

• China’s tungsten market faces oversupply in 2013: economist Mar 29, 2013

  China’s tungsten ore output will continue to rise in 2013, putting downward pressure on the price of the raw material, according to Jiangxi Rare Metals Tungsten Holding Group Co. Ltd. (JXTC)’s deputy chief economist.

• Ferrovanadium prices strengthen: traders Mar 29, 2013

  Ferrovanadium prices have steadied at levels above $15 per pound as traders play down the potential impact of more material being shipped into the domestic market from Atlantic Ltd.’s Windimurra Mine in Australia.

• Ferrosilicon prices retreat as supply tightness eases Mar 29, 2013

  Ferrosilicon prices fell as short-term supply tightness eased following an earlier increase on the back of a tender from Outokumpu Stainless USA LLC.

• Low-carbon ferrochrome prices fall Mar 29, 2013

  Low-carbon ferrochrome prices have weakened slightly on light spot demand, aggressive selling by some traders, and the impact of DLA sales.

• Aluminum premiums steady amid tight supply Mar 29, 2013

  Midwest aluminum spot premiums remain steady at between 11.5 and 12 cents per pound as warehousing games continue to keep supply tight.