Nonferrous RSS

  • Winter weather hurts Noranda results Apr 23, 2014

    Harsh winter weather and high electricity prices negatively impacted Noranda Aluminum Holding Corp.’s production and raw material costs in the first quarter, plunging the company deep in the red.

  • Augusta weighing Rosemont interest Apr 23, 2014

    Augusta Resource Corp. is courting buyers as part of its strategic review process for its Rosemont copper project in Arizona.

  • Exide issues layoffs at Calif. smelting facility Apr 23, 2014

    Exide Technologies Ltd. will temporarily lay off more than 120 employees at its Vernon, Calif., lead smelting facility after failing to upgrade pollution controls at the facility.

  • Vale idles production at Copper Cliff mine Apr 23, 2014

    Vale SA has idled production at its Copper Cliff mine in Ontario’s Sudbury basin after an April 20 equipment malfunction.

  • ATI’s titanium shipments rise in quarter Apr 22, 2014

    Allegheny Technologies Inc.’s (ATI’s) first-quarter titanium shipments increased compared with the fourth quarter, buoyed by an apparent improvement in aerospace, but were down from the same period last year as "weak demand" in the industrial market also spurred an $8.3-million inventory write-down.

  • Teck posts lower profits, plans job reductions Apr 22, 2014

    Teck Resources Ltd. said it will reduce its global work force by 5 percent, or 600 jobs, after posting lower sales and earnings in the first quarter.

  • Falling copper prices pinch Mueller's results Apr 22, 2014

    Mueller Industries Inc. saw its first-quarter net income slip 5.7 percent year on year as declining copper prices offset an increase in net sales, the company said April 22.

  • Aluminum demand, exports down in Feb. Apr 22, 2014

    North American aluminum demand fell 4 percent in February compared with the same month last year, while aluminum ingot and mill product exports tumbled more than 25 percent.

  • Copper alloy producer to expand lead-free offerings Apr 22, 2014

    Growing consumer demand for lead-free material, and regulatory pressure mandating its use, have prompted Concast Metal Products Co., a producer of specialty copper alloys, to significantly expand the size range of its standard-stocked C89835, lead-free replacement alloy.

  • Aleris restarts ops at Richmond facility Apr 22, 2014

    Aleris International Inc. has restarted operations at its Richmond, Va., aluminum rolled products facility following more than two months of downtime due to a fire-damaged furnace.

  • HKEx to launch metals, coal futures contracts later in ’14 Apr 22, 2014

    Hong Kong Exchanges & Clearing Ltd. (HKEx) has confirmed it will launch four futures contracts—aluminum, copper, zinc and thermal coal—later this year.

  • US tools manufacturer sues Rusal Apr 21, 2014

    Industrial tools manufacturer CITC USA Inc. is suing Russian aluminum producer United Co. Rusal (UC Rusal) and its subsidiaries for allegedly failing to pay $450,000 for parts.

  • Felman power rate draws objections Apr 21, 2014

    A special electricity rate for Felman Production LLC was granted by the West Virginia Public Service Commission on "completely unrealistic" evidence, according to opponents.

  • Magnesium joint venture revises terms Apr 19, 2014

    Nevada Clean Magnesium Inc. has revised the terms of its originally announced joint venture with Norwegian mining development firm ScanMag AS.

  • Improving weather boosts zinc premiums Apr 18, 2014

    Special-high-grade zinc premiums edged up this past week amid improving weather conditions, market participants said.

  • Felman, USW in new labor deal at W.Va. facility Apr 18, 2014

    Felman Production LLC has reached a new labor deal with United Steelworkers union Local 5171 at its New Haven, W.Va., silicomanganese plant, it said.

  • Ferromanganese spot prices rise Apr 18, 2014

    Medium-carbon ferromanganese spot prices have risen, with reports of tightening supply boosting expectations of further price increases.

  • Ferroalloy contract offtake going strong Apr 18, 2014

    Ferroalloy contract offtake has remained strong so far in the second quarter, producers and traders said, with spot prices rising across the board as a result.

  • Midwest aluminum premiums inch up Apr 18, 2014

    Midwest aluminum premiums inched up over the past week, with market participants claiming that rising demand and limited domestic supply will continue to support current premium levels in the near term.

  • Noranda’s power case to move forward Apr 17, 2014

    Noranda Aluminum Holding Corp.’s petition for a lower electricity rate in Missouri will move forward on an expedited schedule and prior to potential rate filings from power provider Ameren Missouri, a subsidiary of utility Ameren Corp., the Missouri Public Service Commission (PSC) said in a filing April 16.

  • Blackstone still interested in commodities Apr 17, 2014

    Private equity group Blackstone Group LP is still interested in becoming more involved in commodities but has yet to find the right vehicle to do so, according to one of its top executives.

  • Mercator-Intergeo merger closer to completion Apr 17, 2014

    Copper-molybdenum mining company Mercator Minerals Ltd. said it has received "all necessary Canadian and U.S. governmental regulatory approvals" for its proposed merger with Intergeo MMC Ltd.

  • Amerigo Resources copper output falls Apr 17, 2014

    Amerigo Resources Ltd. is optimistic on expected copper output for the rest of the year despite a drop in first-quarter production.

  • Chile copper market said facing political risks Apr 16, 2014

    Chile’s changing political landscape could challenge long-term copper production in the country, Cowen & Co. LLC analysts said in a report released April 16.

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