Nonferrous RSS

  • Avanti arranging $612M in financing for Kitsault Mine Jul 30, 2014

    Avanti Mining Inc. is arranging a $612-million secured debt financing facility to fund the construction of its Kitsault molybdenum mine in British Columbia.

  • Copper drop sinks Southern Copper results Jul 30, 2014

    Despite increased revenues from copper sales and higher zinc and molybdenum prices, Southern Copper Corp. reported a 9.5-percent year-on-year decline in second-quarter earnings due to a drop in average copper prices.

  • Primary aluminum sees revenue drop: Census Jul 29, 2014

    U.S. manufacturers of primary aluminum products saw significant drops in revenue and industrywide consolidation following the 2008 global financial crisis, according to the 2012 Economic Census.

  • Kodak files lawsuit against banks, LME Jul 29, 2014

    Eastman Kodak Co. has filed an antitrust lawsuit against Goldman Sachs Group Inc., JPMorgan Chase & Co., Glencore Xstrata Plc, the London Metal Exchange and others for allegedly scheming to inflate the value of aluminum stored in LME-approved warehouses.

  • Revenue bonds for CN Wire under review Jul 29, 2014

    New Mexico’s move to issue industrial revenue bonds to Turkey-based copper wire manufacturer CN Wire Corp. has been put on hold and will be subject to a hearing by the New Mexico State Board of Finance.

  • Aluminum shipments fall in June Jul 29, 2014

    North American aluminum shipments fell in June but rose year to date as "weakness in can sheet is offsetting gains in many other product types," according to Timothy Hayes, principal of New York-based Lawrence Capital Management Inc.

  • Boeing to reach titanium balance by ’15: ATI Jul 29, 2014

    Boeing Co.’s titanium inventory should be "in balance" by next year, according to the top executive at Allegheny Technologies Corp. (ATI)

  • Aluminum premium set to fall: Morgan Stanley Jul 28, 2014

    The premium paid for removing metal from London Metal Exchange warehouses could fall, driven by a flattening aluminum forward curve that could make finance deals less appealing, Morgan Stanley analyst Joel Crane said.

  • Ferrosilicon ruling unlikely to affect prices Jul 28, 2014

    The Commerce Department’s decision not to impose anti-dumping duties on U.S. imports of Russian ferrosilicon is not expected to impact the domestic market until 2015 contract negotiations begin later this year, market participants said.

  • Ford’s aluminum F-150 gets price hike Jul 28, 2014

    Ford Motor Co. has begun receiving orders from U.S. and Canadian dealers for the 2015 F-150, an aluminum-bodied pickup truck that will be priced slightly higher than the 2014 model.

  • Asarco will pay $40,000 to settle alleged water violation Jul 28, 2014

    Asarco LLC has agreed to pay a $40,000 penalty to settle allegations that it illegally discharged more than 1 million gallons of water mixed with mill tailings from its Ray copper mine into the Gila River, the Arizona Department of Environmental Quality (ADEQ) said.

  • General Moly's Liberty prefeasibility study done Jul 28, 2014

    General Moly Inc. has completed an updated prefeasibility study for its Liberty project in Nevada that estimates average annual production of 12.6 million pounds of molybdenum and 9.6 million pounds of copper over a 32-year mine life.

  • Russian ferrosilicon escapes US duties Jul 25, 2014

    U.S. imports of Russian ferrosilicon have escaped anti-dumping duties after the Commerce Department confirmed its preliminary negative ruling, but Venezuelan shipments will face duties of more than 20 percent.

  • Mississippi Silicon, Rima undeterred by lawsuit Jul 25, 2014

    Mississippi Silicon LLC and Rima Industrial SA said they are proceeding with the construction of a silicon metal production facility in Mississippi "without delay," despite another lawsuit filed by a subsidiary of Globe Specialty Metals Inc.

  • Regulators against Noranda rate deal Jul 25, 2014

    Missouri utility regulators have said they would deny Noranda Aluminum Holding Corp.’s request for a lower electric rate from power provider Ameren Missouri, dealing it a potentially serious setback.

  • Freeport to resume exports from Grasberg Mine Jul 25, 2014

    Freeport-McMoRan Inc. has signed a memorandum of understanding with the Indonesian government allowing it to resume copper concentrate exports from its Grasberg Mine.

  • Vale nickel output falls amid planned outage at Sudbury Jul 25, 2014

    Vale SA reported lower nickel production in the second quarter due to decreased output at its Sudbury operations in Ontario, according to the miner’s quarterly production report.

  • Brazil outages could boost US silicon prices Jul 24, 2014

    Silicon production outages in Brazil could lead to supply shortfalls and spot price increases if the situation continues, North American silicon market participants said, although manganese alloy suppliers expect little impact on their market.

  • Kaiser plans extrusion growth on auto strength Jul 24, 2014

    Kaiser Aluminum Corp. is actively expanding its automotive extrusion capabilities in an effort to meet spiking demand from the sector, the company’s top executive said.

  • Teck earnings slide in second quarter Jul 24, 2014

    Teck Resources Ltd.’s second-quarter earnings were dented by weaker copper results, but profits from its zinc business surged due in part to stronger sales and higher pricing.

  • Pension trust’s move to block Ormet smelter sale rejected Jul 24, 2014

    A bankruptcy court judge has rejected the Steelworkers Pension Trust’s motion to stop the sale of Ormet Corp.’s aluminum smelter in Hannibal, Ohio.

  • Stronger aero, auto demand lift Kaiser's net Jul 24, 2014

    Kaiser Aluminum Corp.’s net income climbed in the second quarter as improved demand for aerospace, automotive and extrusion applications helped offset lower prices for heat-treat plate products.

  • Freeport-McMoRan bullish on copper prices Jul 23, 2014

    Freeport-McMoRan Inc.’s realized copper prices have been flat, but the company expects prices to be strong going forward.

  • Strong demand lifts Freeport’s moly prices Jul 23, 2014

    Freeport-McMoRan Inc. has credited improved demand for a rise in molybdenum prices in the second quarter.

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