Nonferrous RSS

  • Metals employment rises in December Jan 13, 2014

    U.S. primary metal producers added 3,700 jobs last month, while employment in the fabricated metal products sector rose by 3,800 workers, according to nonseasonally adjusted data from the U.S. Bureau of Labor Statistics.

  • Ford unveils aluminum-bodied F-150 Jan 13, 2014

    Ford Motor Co. unveiled its aluminum-bodied F-150 pickup truck at the North American International Auto Show in Detroit Jan. 13.

  • Avanti undeterred by delay in Kitsault permitting: exec Jan 13, 2014

    Avanti Mining Inc. expects to receive Canadian government approval for its Kitsault molybdenum mine during the first quarter, Avanti chief financial officer A.J. Ali told AMM.

  • Barrick Gold’s Zaldivar declares force majeure Jan 10, 2014

    Barrick Gold Corp.’s Zaldivar division has declared force majeure on copper shipments from the Antofagasta international terminal as a result of a port strike in Chile.

  • Ferroalloys feel impact of cold weather Jan 10, 2014

    Ferroalloy market participants said the severe weather that brought historically low temperatures to some areas across the Midwest this past week impacted some operations, but most did not expect long lasting effects.

  • Moly prices edge up on tighter supply Jan 10, 2014

    Molybdenum and ferromolybdenum prices have picked up slightly at the start of the year as sellers noted some increased interest and reduced domestic supply.

  • European aluminum premiums chasing US Jan 10, 2014

    European aluminum premiums are nearing record highs due to a lack of availability and pressure from a spike in U.S. premiums that have already broken records this past week.

  • Alcoa has ‘no plans’ to sue LME Jan 10, 2014

    Aluminum producer Alcoa Inc. has no plans to sue the London Metal Exchange over the latter’s proposed changes to its warehousing rules, the company said.

  • US steel trade deficit sinks, copper up Jan 10, 2014

    The U.S. iron and steel mill products trade deficit decreased in November from the previous month while copper’s trading surplus increased, according to an analysis of the latest U.S. Bureau of Economic Analysis data.

  • Alcoa reports losses in quarter, year Jan 09, 2014

    Alcoa Inc. swung to a loss in its fourth-quarter and full-year 2013 financial results, chalking up the losses to its efforts to refocus on downstream operations and write-downs at its primary metals segment.

  • Pennex Aluminum plans $33M expansion in '14 Jan 09, 2014

    Pennex Aluminum Co. plans to invest $33 million at its Leetonia, Ohio, extrusion plant to add an extrusion press line, a specialized fabrication production center and 170,000 square feet of space.

  • HudBay sees copper, zinc output increasing Jan 09, 2014

    HudBay Minerals Inc. has forecast an increase in copper and zinc metal production in 2014 as its Reed mine project approaches commercial production and its Lalor and Constancia projects come online.

  • Codelco claims port strike won’t affect its bottom line Jan 09, 2014

    Chilean copper major Corporación Nacional del Cobre de Chile (Codelco) remains confident that its earnings will be largely unaffected by strikes at ports in the country’s north and central coastal regions.

  • Alcoa settles Bahrain bribery charges for $384M Jan 09, 2014

    Alcoa Inc. has agreed to pay $384 million to settle U.S. Securities and Exchange Commission (SEC) allegations that the aluminum maker paid bribes to government officials in Bahrain.

  • Spot Midwest premium passes 15¢/lb. Jan 08, 2014

    U.S. Midwest aluminum premiums have surged to more than 10-year highs, surpassing previous records set this past summer.

  • Avanti eyes Kitsault financing options Jan 08, 2014

    Avanti Mining Inc. is reviewing "strategic financing alternatives" for its Kitsault molybdenum mine in British Columbia, which is still awaiting approval from the Canadian Minister of Environment.

  • Brazil to probe copper tube imports from US Jan 08, 2014

    Brazil will conduct an anti-dumping investigation into imports of grooved copper tube from the United States, Mexico and China.

  • Chilean copper production rises 6.5% in Nov. Jan 08, 2014

    Chile’s copper production increased strongly in November from a year earlier due mainly to higher output at Corporación Nacional del Cobre de Chile (Codelco), Cia. Minera Dona Ines de Collahuasi SCM and Anglo American Sur SA operations.

  • Typhoon-damaged smelter slated to restart Jan 08, 2014

    Glencore Xstrata Plc will restart the Philippine Associated Smelting & Refining Corp. (Pasar) copper smelter and refinery in the Philippines in mid-January, two months after it sustained damage during Typhoon Haiyan, a source familiar with the matter told AMM sister publication Metal Bulletin.

  • Indonesia’s mining ministry may soften ban on exports Jan 08, 2014

    Indonesia’s mining ministry is proposing a regulation that could soften the mineral export ban scheduled to take effect Jan. 12, a senior government official told AMM sister publication Metal Bulletin.

  • Duluth aims to complete Twin Metals study by mid-’14 Jan 08, 2014

    Duluth Metals Ltd. expects to complete a prefeasibility study and two separate technical reports for its proposed Twin Metals mining project in Minnesota by mid-2014, the company said Jan. 7.

  • Alcoa buy of Ormet anodes OK’d Jan 08, 2014

    Alcoa Inc.’s purchase of 51,800 tonnes of carbon anodes from Ormet Corp. has been approved by a bankruptcy court judge, according to court documents.

  • Cold front continues to belt Midwest metal ops Jan 07, 2014

    The blast of Arctic air that brought the coldest temperatures in more than two decades to the Midwest has caused numerous operational shutdowns and delayed shipments.

  • Rollover in CGG zinc premium stirs confusion Jan 07, 2014

    A large European steel mill has secured an effective rollover on 2013 premiums for continuous-galvanizing-grade zinc to be supplied by a major producer in the region in 2014, market sources told AMM sister publication Metal Bulletin.

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