Nonferrous RSS

  • Rio Tinto Alcan earnings bolstered by high premiums Feb 14, 2014

    Despite lower aluminum prices, Rio Tinto Alcan Inc.’s earnings surged in 2013 thanks in part to higher regional premiums and financing deals that kept metal in warehouses and away from physical consumers.

  • Drew’s earnings warming up despite winter freeze Feb 13, 2014

    Winter weather chilled Drew Industries Inc. operations in January, but the recreation vehicle (RV) parts maker expects to rebound in coming months amid continued strong demand.

  • Latest storm sidelines metal plants Feb 13, 2014

    Between the shutdown of federal government offices, thousands of canceled airline flights and power outages affecting up to a half million customers, the latest winter storm caused difficulties for scores of metal operations Feb. 12-13 across the Mid-South, Southeast and into the Mid-Atlantic region.

  • Nickel premiums up on supply, weather Feb 13, 2014

    Melting-grade nickel spot premiums continue to rise, industry participants said, with sources citing tightness in flowable material available and logistical challenges brought about by the severe winter weather.

  • Globe contests Mississippi Silicon mill Feb 13, 2014

    Globe Specialty Metal Inc. wants environmental officials to reconsider a permit issued to Mississippi Silicon LLC for a greenfield silicon metal manufacturing plant in Tishomingo County, Miss.

  • Teck logs lower earnings on weak copper, coal sales Feb 13, 2014

    Teck Resources Ltd.’s copper and coal businesses recorded lower earnings last year as falling prices for all key products hurt the miner’s margins.

  • Reclosable aluminum bottle launched by Alcoa, Busch Feb 13, 2014

    A reclosable aluminum bottle has been unveiled by Alcoa Inc. and beverage maker Anheuser-Busch InBev SA.

  • Aluminum premiums drifting lower Feb 13, 2014

    Midwest aluminum premiums are continuing to drift down as harsh winter weather and purchases ahead of expected premium increases have decreased spot activity and lowered prices, market sources said.

  • Noranda seeks lower power rate in Mo. Feb 13, 2014

    Noranda Aluminum Holding Corp. is seeking a lower electricity rate in Missouri, without which it said it will need to cut 150 to 200 jobs or ultimately close its New Madrid smelter.

  • VSMPO titanium arm in US wins medical certification Feb 13, 2014

    The U.S. operations of Russia’s VSMPO-Avisma Corp. have been certified for titanium produced and sold in the medical market.

  • Weather may give lead a boost: market Feb 12, 2014

    Lead premiums remain unchanged in the United States, although several market participants said the ongoing severe winter weather in many parts of the nation could boost demand from battery makers.

  • Anglo taps Mitchelson to head integration strategy Feb 12, 2014

    Tyler Mitchelson, who resigned Feb. 11 as president and chief executive officer of Royal Nickel Corp. (RNC), has joined Anglo American Plc as group head of integration, both companies told AMM.

  • Presidents Day holiday notice Feb 12, 2014

    AMM’s offices will be closed Monday, Feb. 17, in observance of Presidents Day, and there will be no issue dated Tuesday, Feb. 18. The New York Mercantile Exchange also is closed Monday. London Metal Exchange prices for Feb. 17 will appear in the Feb. 19 issue.

  • Glencore Xstrata’s Pacorini delists several warehouses Feb 12, 2014

    Glencore Xstrata Plc’s warehousing arm, Pacorini Metals AG, has delisted 14 warehouses in Vlissingen, the Netherlands, the London Metal Exchange said in a notice Feb. 11.

  • China’s copper imports hit all-time record in January Feb 12, 2014

    China’s copper imports hit a record high in January as buyers expedited shipments ahead of the Chinese New Year holiday.

  • HudBay makes unsolicited offer for Augusta Resource Feb 12, 2014

    HudBay Minerals Inc. has set its sights on the Rosemont copper deposit in southern Arizona with an unsolicited offer to acquire all of the issued and outstanding shares in its owner, Augusta Resource Corp.

  • Ontario looking to intervene in Cliffs’ Ring of Fire appeal Feb 11, 2014

    Ontario wants to intervene in Cliffs Natural Resources Inc.’s appeal against the dismissal of a road easement application for its Ring of Fire chromite project.

  • Olin Brass pushing through price boost Feb 11, 2014

    GBC Metals LLC, which operates as Olin Brass, will fully implement a previously announced price increase on light-gauge, narrow-width and specialty finish products effective with new orders placed March 1.

  • Royal Nickel’s Mitchelson heads to Anglo American Feb 11, 2014

    Tyler Mitchelson has resigned as president and chief executive officer of Royal Nickel Corp. (RNC) to take a position with Anglo American Plc.

  • Southwire nears completion of deal for Coleman Cable Feb 11, 2014

    Cubs Acquisition Corp., a wholly owned subsidiary of Southwire Co., has completed its previously announced tender offer for all outstanding common shares of Coleman Cable Inc. for $26.25 per share in cash.

  • U.S. Magnesium to increase capacity Feb 11, 2014

    U.S. Magnesium LLC plans to increase primary magnesium production at its Rowley, Utah, plant by 20.5 percent to 76,500 tonnes per year.

  • Atlantic halts ferrovanadium output due to fire Feb 11, 2014

    A fire at Atlantic Ltd.’s Windimurra vanadium operations in Western Australia caused "extensive" damage to the beneficiation plant and the facility has yet to resume ferrovanadium production.

  • Glencore’s zinc output slides 16.1% in 4th qtr. Feb 11, 2014

    Glencore Xstrata Plc’s zinc production fell 16.1 percent year on year to 336,800 tonnes in the fourth quarter, as declines were recorded in its North American and Kazakhstan operations.

  • Glencore Xstrata’s copper output up; analysts mixed Feb 11, 2014

    Glencore Xstrata Plc’s copper production increased in 2013, but at least two sell recommendations were still issued following the release of the company’s overall production results Feb. 11.

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