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China’s State Reserve Bureau (SRB) has awarded aluminum and zinc tenders, although the latter fell short of its target.
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Midwest aluminum premiums have ticked up on low primary aluminum prices, stable demand from end-users and traders, and tight scrap supply.
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Vanadium prices are likely to rise in 2013 and 2014 as an increase in demand from the Chinese steel sector exceeds supply, according to a Roskill Information Services report.
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Aleris International Inc. has completed the new cold-rolling mill at its Duffel, Belgium, facility aimed at meeting increasing demand for wide automotive body sheet.
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Nickel premiums continue to be flat, with few consumers said to be participating in the spot market, although one trader said that his company is pushing for higher premiums as its stocks dwindle.
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U.S. imports of brass mill products fell in January while exports increased compared with a year earlier, according to Copper and Brass Fabricators Council data.
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Woulfe Mining Corp. has named Hubert Marleau interim chief executive officer after the sudden departure of Brian Wesson in February.
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United Co. Rusal chief executive officer Oleg Deripaska, MMC Norilsk Nickel general director Vladimir Potanin and Trafigura Beheer BV chairman Claude Dauphin left the Norilsk Nickel board of directors after shareholders voted for the early termination of the board’s powers at an extraordinary general meeting.
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Former Falconbridge Ltd. chief executive officer and chairman Alex Balogh has joined the advisory board of North American Nickel Inc.
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Special-high-grade zinc premiums remained steady this week, although some market participants say the material has become difficult to obtain.
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Copper premiums in northern Europe jumped at the start of this week as sellers boosted their offers in line with incentives of up to $100 per tonne offered by traders and warehouses to draw copper into the Belgian port of Antwerp.
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Copper miner Antofagasta Plc’s revenues were up 10.9 percent year on year in 2012 to $6.74 billion despite lower commodity prices, higher on-site costs and increased exploration expenditures.
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Bonnell Aluminum Inc. has contracted Presezzi Extrusion SpA and Turla Srl to build an extrusion line aimed at serving expected demand growth from the automotive sector.
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First Quantum Minerals Ltd. has extended until March 21 its Canadian $5.1-billion offer to acquire Inmet Mining Corp.
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Globe Specialty Metals Inc.’s five-year labor contract with unionized workers at its Bécancour, Québec, operation expires April 30, a union official confirmed March 12.
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Domestic prices for secondary aluminum alloys remain unchanged even as the London Metal Exchange’s cash North American special aluminum alloy contract (Nasaac) plummeted March 11 to its lowest level since June 2010.
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Royal Nickel Corp. has signed a memorandum of understanding with Chinese stainless steel producer Tsingshan Holding Group Co. to help secure supply for a new plant processing sulfide nickel concentrate.
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China’s ferroalloys output averaged 94,071 tonnes per day in February, up 18.2 percent from 79,613 tonnes in January, as smelters increased production on rising alloy prices.
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China’s daily lead output for the first two months of the year averaged 11,017 tonnes, down from 13,645 tonnes per day in December, as the Chinese New Year holiday in February put the brakes on production.
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JW Aluminum Co. has increased its conversion price by 5 cents per pound.
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Lead premiums are unchanged as U.S. consumers mostly remain out of the spot market.
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Junior copper-silver miner Revett Minerals Inc. recorded a sharp pullback in output last year as production issues continued to plague the company’s flagship Troy Mine in northwestern Montana.
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Miners in Chile posted a 10.1-percent year-on-year increase in copper production in January on larger volumes at BHP Billiton Plc’s Escondida, Anglo American Plc’s Sur and Antofagasta Plc’s Los Pelambres projects.
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China’s copper imports fell in February due to a combination of poor demand and the Chinese New Year holiday.