Nonferrous

• Aluminum scrap prices dip with LME Feb 26, 2013

  Some grades of secondary and mill-grade aluminum scrap declined Feb. 25 as buyers and sellers alike complained of reactionary conditions amid weakening terminal markets.

• N. American die casters win back market share Feb 26, 2013

  The North American die casting market is starting to see signs that demand is swinging back in its favor and away from its competitors in China, according to an executive at Eastern Alloys Inc.

• US Tungsten appoints new chief Feb 26, 2013

  US Tungsten Corp. has named Michael Olsher its chief executive officer, as the company continues to search for a domestic tungsten source.

• Grupo Mexico focuses on organic growth Feb 26, 2013

  Copper, zinc and molybdenum producer Grupo Mexico SAB de CV is focusing on expansions and greenfield projects to secure growth rather than mergers and acquisitions.

• Grupo Mexico targets 35% rise in molybdenum output Feb 26, 2013

  Grupo Mexico SAB de CV is turning its sights to molybdenum, not to diversify its product base further but because it makes sound commercial sense, executive president Xavier Garcia de Quevedo told AMM.

• ITC schedules review of silicomanganese import duties Feb 26, 2013

  The U.S. International Trade Commission (ITC) has scheduled a full five-year review on July 18 to determine whether revocation of anti-dumping duty orders on imports of silicomanganese from India, Kazakhstan and Venezuela would likely injure the domestic industry.

• Commerce rules on silicon metal imports Feb 26, 2013

  In the preliminary results of an anti-dumping duty administrative review of imports of silicon metal from China from June 1, 2011, to May 31, 2012, the Commerce Department’s International Trade Administration (ITA) has determined that Shanghai Jinneng International Trade Co. Ltd. did not have reviewable transactions.

• Aluminum production slides in ’12 despite rising demand Feb 26, 2013

  Aluminum demand rose in the United States and Canada last year while production slipped, according to data released Feb. 25 by the Aluminum Association.

• Waterloo acquiring Lowell shares in $29.2M reverse takeover Feb 26, 2013

  Waterloo Resources Ltd. has agreed to buy all outstanding shares of Lowell Copper Inc. in a reverse takeover.

• General Cable eyes pickup after loss Feb 25, 2013

  General Cable Corp. is hoping for a rebound in the second quarter after a weak start to 2013 following a net loss at the end of 2012.

• Teck, Korea Zinc negotiate TC benchmark Feb 25, 2013

  Teck Resources Ltd. and Korea Zinc Co. Ltd. have narrowed their discussions on the zinc treatment charge (TC) benchmark to around $209 per tonne, industry sources told AMM.

• Endako hits Thompson Creek earnings Feb 25, 2013

  Thompson Creek Metals Co. Inc. has posted a 2012 net loss of $546.3 million, in contrast to net income of $292.1 million the previous year, with the company’s results "dominated" by a $530.5-million asset write-down associated with difficulties at its Endako molybdenum mine.

• China’s refined copper imports fall as concentrates climb Feb 25, 2013

  China’s refined copper imports fell year on year in January as imports of copper concentrate climbed, asserting what some analysts called "a rotation in the composition" of the country’s intake of the red metal.

• Ex-Molycorp chief Mark Smith joins Quantum Feb 25, 2013

  Former Molycorp Inc. chief executive officer Mark Smith has joined the advisory board of Quantum Rare Earth Developments Corp.

• Themac names interim chief exec Feb 25, 2013

  Themac Resources Group Ltd., which is seeking to reopen a copper-molybdenum-gold-silver mine in New Mexico, has appointed Andrew Maloney as interim chief executive officer and director.

• Encore Wire poised for construction uptick Feb 25, 2013

  Encore Wire Corp. is positioned to meet improving demand in the construction industry, although the company anticipates that it will be a slow recovery, chief financial officer and vice president Frank Bilban told AMM.

• OSHA cites die caster for 24 alleged violations Feb 25, 2013

  The Occupational Safety and Health Administration (OSHA) has accused C&H Die Casting Inc. of 24 alleged safety violations at its aluminum die cast manufacturing facility in Troy, Texas.

• Newmont net income soars despite lower output, sales Feb 25, 2013

  Shares in Newmont Mining Corp. rose 2.5 percent Feb. 22 after the miner announced 2012 net income of nearly $1.81 billion, up fivefold from $366 million the previous year.

• SEC approves BlackRock copper ETF Feb 25, 2013

  The U.S. Securities and Exchange Commission (SEC) has given asset manager BlackRock Inc. the go-ahead to list and trade shares in a physical copper exchange-traded fund (ETF).

• Bonnell Aluminum president Crowdis to retire this summer Feb 22, 2013

  Bonnell Aluminum president Duncan A. Crowdis plans to retire from the extruder effective June 1, parent company Tredegar Corp. said Feb. 22.

• Aero sector issues temper titanium outlook: analysts Feb 22, 2013

  The continuing impact of forging press outages in 2012, as well as an ongoing inventory selloff at aerospace giant Boeing Co., has prompted analysts to temper their titanium outlook over the next five years.

• Silicomanganese market awaits bid Feb 22, 2013

  Silicomanganese market participants are waiting on the outcome of a high-tonnage Nucor Corp. tender, with some sources saying that it could determine the future direction of the spot market.

• Inmet earnings slip despite higher sales Feb 22, 2013

  Inmet Mining Corp. posted 2012 net income of $331.2 million, down 1.7 percent from $337.1 million the previous year despite an 18.6-percent jump in sales to more than $1.12 billion.

• ABI workers accept 5-year labor deal Feb 22, 2013

  United Steelworkers union members at Alcoa Inc.’s majority-owned Aluminerie de Bécancour Inc. (ABI) have voted to accept a new five-year labor agreement at the Québec smelter, the union and the company said Feb. 22.