Nonferrous

  • Sherritt closes sale of coal business to two buyers Apr 29, 2014

    Sherritt International Corp. has completed the sale of its coal business for Canadian $946 million ($863.6 million), the company said April 28.

  • Whitehall begins production at Kentucky extrusion plant Apr 29, 2014

    Whitehall Industries Inc. has started production at its aluminum extrusion manufacturing facility in Paducah, Ky., Whitehall president and chief executive officer Yogen Rahangdale told AMM.

  • Boeing reviewing sanctions set on Russian titanium exec Apr 29, 2014

    Boeing Co. is “reviewing” the impact of the U.S. government’s expanded Ukraine-related sanctions against individual Russians that include a top executive of one of its major titanium suppliers.

  • Ducommun earnings up; wins role on 737 MAX Apr 29, 2014

    Ducommun Inc. has landed a role as "the sole-source supplier for a titanium assembly" on Boeing Co.’s 737 MAX, chairman and chief executive officer Anthony J. Reardon said during a quarterly earnings conference call.

  • Eramet optimistic despite 1st qtr. revenue dip Apr 29, 2014

    Eramet SA remains upbeat that improvement lies ahead for the second quarter despite a 10.4-percent year-on-year drop in revenue to €714 million ($986.2 million) during the first quarter.

  • Ontario pledges $1B to develop Ring of Fire Apr 29, 2014

    Junior miners in the Ring of Fire have praised the Ontario government’s $1-billion commitment "to develop strategic all-season industrial and community transportation infrastructure in the Ring of Fire."

  • Correction: Norilsk spared White House sanctions Apr 29, 2014

    Due to a reporting error, a story posted to AMM's website April 28 incorrectly stated that individuals connected to MMC Norilsk Nickel were spared sanctions imposed by the U.S. government April 28. The story should have noted that Sergey Chemezov, who is among the individuals targeted in that round of sanctions, is a nonexecutive director of the company. As reported, the company as a whole has not been targeted by the sanctions.

  • ATI’s Utah plant to stay below capacity Apr 28, 2014

    Lagging demand from nonaerospace industrial markets means Allegheny Technologies Inc. (ATI) will continue to run its titanium sponge facility below capacity, as the sponge it has already earmarked to achieve a premium-quality rating now goes downstream for melt qualification.

  • Norilsk spared US sanctions, but nonexec director cited Apr 28, 2014

    MMC Norilsk Nickel dodged White House sanctions imposed April 28 on Russian businesses and individuals as a result of the ongoing conflict in Ukraine, although a nonexecutive director at the company has been cited.

  • Chinese extruders said skirting US import duties Apr 28, 2014

    U.S. aluminum extruders are increasingly concerned over what some are calling a deliberate tactic by Chinese aluminum extruders to sidestep import duties, sources told AMM.

  • Augusta won’t use ‘poison pill’ plan vs. HudBay Apr 28, 2014

    Augusta Resource Corp. will not use its shareholder rights plan to prevent any unsolicited bidder from acquiring Augusta if a majority of Augusta’s shareholders want to accept the bid, the company said April 28.

  • Avanti Mining inks molybdenum offtake deal Apr 28, 2014

    Avanti Mining Inc. has entered into an offtake agreement with a subsidiary of South Korean steel manufacturer SeAH Group for molybdenum concentrate production from its Kitsault Mine in northern British Columbia.

  • Cunico Resources looking to grow ferronickel stance Apr 28, 2014

    Cunico Resources NV’s acquisition of the Mayaniquel SA project in Guatemala fits the company’s strategy of maintaining its position as a fully integrated ferronickel producer and targeting assets in emerging economies, it said.

  • Doe Run outlines lead plans Apr 28, 2014

    Exploration, technology and diversification will be key to the success of Doe Run Co., president and chief executive officer Jerry Pyatt told AMM in an interview.

  • Encore earnings climb in qtr. on improved wire margins Apr 25, 2014

    Encore Wire Corp.’s net income jumped 69.7 percent year on year in the first quarter as the spread between copper wire selling prices and raw material costs improved.

  • Avanti still awaiting Kitsault project permit Apr 25, 2014

    Avanti Mining Inc. remains focused on receiving government approval for its Kitsault molybdenum project in British Columbia despite again missing its forecast for receiving the necessary environmental permits.

  • Anfield Nickel agrees to sell main asset Apr 25, 2014

    Anfield Nickel Corp. has agreed to sell Guatemalan subsidiary Mayaniquel SA and its nickel laterite project to ferronickel producer Cunico Resources NV.

  • PolyMet, Glencore extend terms of debenture funds Apr 25, 2014

    PolyMet Mining Corp. has extended the terms of its financing with Glencore AG for $32.2 million in convertible debentures, it said April 25.

  • Ferromanganese spot prices increase Apr 25, 2014

    Spot prices for medium-carbon ferromanganese have risen, with market participants optimistic that the return of Felman Production LLC won’t affect silicomanganese pricing.

  • Noble alloy prices increase again on supply tightness Apr 25, 2014

    Noble alloy spot prices have spiked again, with molybdenum in particular showing a pronounced jump on the back of ongoing supply tightness.

  • Copper premiums up after Comex hits high Apr 25, 2014

    Copper cathode premiums edged up this past week amid a severe shortage of higher grades of copper scrap and a seasonal increase in copper demand.

  • Century Aluminum logs loss in qtr. Apr 24, 2014

    Despite higher sales, Century Aluminum Co. spilled red ink in the first quarter due to severe weather across much of the United States, historically high electricity rates and a $3.1-million charge for increased legal reserves.

  • Tight nickel market puts pressure on premiums Apr 24, 2014

    The spot market for refined nickel units remains tight in North America as a lack of available flowable material and long-term supply concerns continue to put upward pressure on premiums, market participants told AMM.

  • Freeport earnings drop on Grasberg Mine Apr 24, 2014

    Freeport-McMoRan Copper & Gold Inc.’s first-quarter net income tumbled 21.3 percent compared with the same month last year on the back of lower sales from its Grasberg operation in Indonesia and a drop in copper prices, the company said in its quarterly earnings report April 24.

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