Nonferrous

  • W.Va. extends deadline for Felman rate deal objections Apr 14, 2014

    The West Virginia Public Service Commission has extended to April 18 the deadline to file requests to reconsider its order approving a special electricity rate for Felman Production LLC.

  • Fitch downgrades Alcoa to BB+ on global oversupply Apr 14, 2014

    Fitch Ratings Inc. has downgraded Alcoa Inc.’s credit rating to BB+ from BBB–, noting that profitability in the primary aluminum market has been "hampered by global oversupply."

  • Copper premiums flat, but may get boost from scrap Apr 11, 2014

    Muted market activity left copper premiums unchanged late this past week as both demand and supply activity remained low, but there could be upward pressure on premiums as insufficient supply in the scrap market runs off into cathode.

  • Aluminum billet upcharge holding Apr 11, 2014

    Aluminum billet upcharge remained unchanged as market players were divided about the strength of the market.

  • Danjczek exiting Globe’s board Apr 11, 2014

    Thomas A. Danjczek, the former president of the Steel Manufacturers Association, will retire from Globe Specialty Metals Inc.’s board of directors effective May 15.

  • Midwest aluminum premiums steady Apr 11, 2014

    Midwest aluminum premiums have held steady after a court decision in the United Kingdom threw the direction of the market in doubt.

  • Aluminum on course for rise, deficit: analyst Apr 11, 2014

    Aluminum prices are set for a turnaround as production cuts and increased demand are poised to drive years of supply deficits, one industry analyst said.

  • Rate spat could delay Felman restart Apr 11, 2014

    Felman Production LLC is preparing to sign a new contract with electricity supplier Appalachian Power Co. Inc. (APCo) on May 1, although objections to its successful rate request threaten to delay a restart of silicomanganese production at its New Haven, W.Va., plant.

  • Ferrovanadium prices hold, direction uncertain Apr 11, 2014

    Ferrovanadium spot prices held steady this past week despite ongoing supply tightness.

  • Manufacturing Council meeting planned Apr 11, 2014

    The U.S. Commerce Department’s Manufacturing Council will meet April 29 to consider proposed recommendations for work force development best practices; strategies to address misconceptions of manufacturing careers; innovation, research and development in manufacturing; and manufacturing energy policy.

  • China casts long shadow in copper market forecast Apr 10, 2014

    Continued fears of a drastic economic slowdown in China have led to muted forecasts for primary copper prices in the second and third quarters of the year, analysts said at the Institute of Scrap Recycling Industries’ annual convention in Las Vegas.

  • Thompson Creek’s copper, moly output rises Apr 10, 2014

    Thompson Creek Metals Co. Inc. produced 14.2 million pounds of copper concentrate in the three months ended March 31, up 36.5 percent from 10.4 million pounds in the fourth quarter of last year.

  • Copper Mountain Mining sets output record Apr 10, 2014

    Copper Mountain Mining Corp. produced a record 19.1 million pounds of copper at its flagship mine in the first quarter, a 34-percent jump from the same period last year.

  • CME delays aluminum futures trading start Apr 10, 2014

    CME Group Inc. plans to push back trading of its North American physically delivered aluminum futures contract by one day to May 6, it said April 9.

  • Capstone Mining releases production results for 1st qtr. Apr 10, 2014

    Capstone Mining Corp.’s three mines produced 27,600 tonnes of copper in concentrates and cathode in the first quarter, as well as 41 tonnes of molybdenum, it said.

  • Copper financing deals in China have yet to unwind Apr 10, 2014

    There could be up to 1 million tonnes of copper in financing deals in China, but these arrangements aren’t unwinding yet, Goldman Sachs Group Inc. analyst Max Layton said.

  • Jupiter calls for alternate price model Apr 10, 2014

    Jupiter Aluminum Corp. blasted current pricing models based on the London Metal Exchange and Midwest premium, claiming they no longer reflect supply and demand fundamentals.

  • Exide smelter to stay idle until air rules met Apr 10, 2014

    Exide Technologies Ltd. was dealt a double blow after a California court and regulatory agency both ruled that it cannot resume operations at its Vernon, Calif., lead smelting facility until it gains compliance with new air rules.

  • House judiciary chairman rips CFTC, LME Apr 10, 2014

    U.S. House Judiciary Committee chairman Rep. Bob Goodlatte (R., Va.) ripped the U.S. Commodity Futures Trading Commission (CFTC) and the London Metal Exchange for what he said was a "slow" response to long waits for aluminum at exchange-listed warehouses.

  • Novelis exits household foil market on import pressure Apr 10, 2014

    Novelis Inc. plans to exit the household foil business because of import pressure, largely from China, a company spokeswoman said.

  • Survey of titanium players prompts speculation Apr 10, 2014

    The U.S. Commerce Department’s Bureau of Industry and Security has reportedly contacted titanium companies in recent weeks and instructed them to complete an extensive questionnaire on their business practices, sources told AMM.

  • Commodities to continue rise: ETF Securities Apr 09, 2014

    Investment in commodities picked up in the first quarter of 2014 after underperforming last year, according to exchange-traded product provider ETF Securities Ltd.

  • Alcoa expects construction activity to rise Apr 09, 2014

    North American construction activity should improve with better weather, but the region’s packaging market needs to innovate if it expects to see gains, Alcoa Inc.’s top executive said.

  • Aluminum cable said to replace copper Apr 09, 2014

    Aluminum cable is set to steal market share from copper in a number of areas, according to Nexans SA’s corporate purchasing director for nonferrous metals.

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