-
Incentivizing copper’s movement into LME warehouses for financing deals is unhealthy and doesn’t reflect the underlying market fundamentals, Thomas Keller Lippold said.
-
Global copper fabricator Luvata has lowered its expectations for 2013 sales but remains uncertain how the rest of the year will play out.
-
The aluminum industry has a good story to tell to both Republicans and Democrats when it comes to meeting stricter fuel economy standards in the United States, according to one political journalist.
-
Copper producer Corporación Nacional del Cobre de Chile (Codelco) made contingency plans to cope with the one-day national strike April 9, which the company said was unjustified, president and chief executive officer Thomas Keller Lippold told AMM.
-
The rise of megacities is driving up copper consumption, but existing mines won’t be enough to meet demand, according to Robert Friedland, executive chairman and founder of Ivanplats Ltd.
-
General Cable Corp. is looking to boost aluminum’s presence in the wire and cable markets and sees increasing success in the power transmission sector, a company executive said.
-
Bolstered by automotive and aerospace demand, Alcoa Inc. expects aluminum demand to grow 6.5 percent over the next decade, outstripping global gross domestic product gains.
-
The U.S. trade deficit for iron and steel mill products grew 11.5 percent month on month in February to $657 million, as exports slipped and imports rose 4.2 percent, according to the latest Bureau of Economic Analysis data.
-
DLA Strategic Materials is again offering 2,000 short tons of 76.76-percent high-carbon ferromanganese from the domestic market and 1,145 tons of 76.45-percent material from Japan.
-
Some mill-grade aluminum scrap prices increased April 8 as strengthening terminal markets coupled with steady demand lent support to the secondary market.
-
Alcoa Inc.’s $300-million automotive expansion at its Davenport, Iowa, facility won’t be enough to meet future demand from the sector, chairman and chief executive officer Klaus Kleinfeld said.
-
Planned outages at Alcoa Inc.’s Anglesea power plant in Australia and Warrick power plant in Evansville, Ind., will cost it $25 million in the second quarter.
-
Unions representing about 25,000 workers in Chile’s major copper mines called a 24-hour strike April 9, and threatened a further stoppage depending on the government’s response.
-
The copper industry is facing four megatrends that will bring great opportunities, alongside longer lead times for new supply and higher structural costs, Rio Tinto copper division chief executive officer Jean-Sebastien Jacques said.
-
High-grade copper scrap prices are trading at a premium to Comex tags in the U.S. market following a sharp swing lower in refined metal prices, sources told AMM sister publication Metal Bulletin at the Center for Copper and Mining Studies’ annual Cesco Week in Santiago, Chile.
-
Chile’s energy sector is uncompetitive by international standards and the government is working to bring industrial energy costs down, according to Hernán de Solminihac, Chile’s mining minister.
-
Global economic uncertainty has contributed to copper market volatility, leaving investors struggling to predict future prices, the president and chief executive officer of Corporación Nacional del Cobre de Chile (Codelco) said.
-
Brazilian copper producer Paranapanema SA has started phase tests at its new São Paulo tube plant, which is expected to double the company’s tube capacity to 36,000 tonnes per year once it starts up in June.
-
Derek Prichett, vice president of global recycling at Novelis Inc., is confident that the company can source enough scrap metal to hit its interim goal of 50-percent recycled content in its products by 2015, but acknowledges that things will get harder beyond that as it targets 80-percent recycled material by 2020.
-
Spot demand for tin remains extremely weak in the United States, with some consumers even requesting to take less contracted material or deferring orders where possible, traders told AMM.
-
Weaker aluminum prices on the LME and lower sales volumes weighed on Alcoa Inc.’s revenue in the first quarter, but productivity improvements and a more favorable value-added product mix helped to boost the company’s net income.
-
Glencore International Plc and CCMA LLC paid a total of $1.25 million for a combined 1,000 short tons of high-carbon ferrochrome from DLA Strategic Materials in March. The agency refused to disclose the specific quantity purchased or the price paid by each company.
-
Chile has taken the first steps to resolve the energy crisis facing the mineral-rich country, but the solutions aren’t easy, Anglo American Plc copper division chief executive officer John MacKenzie said.
-
The copper market is likely to be in a small surplus this year but could swing into a deficit due to uncertainties surrounding various industry projects, Corporación Nacional del Cobre de Chile (Codelco) president and chief executive officer Thomas Keller Lippold said.