Nonferrous

• India, Middle East emerge as new aluminum hubs May 06, 2013

  China is still the big story in primary aluminum production on a global scale, but India and the Middle East are coming up as rival hubs, analysts and participants in the sector said.

• Shale gas driving power prices down: Alcoa May 06, 2013

  The shale oil and gas boom in the United States is helping to reduce electricity costs and give big power consumers, such as aluminum smelters, more clout in rate negotiations, according to Alcoa Inc. chairman and chief executive officer Klaus Kleinfeld.

• Superior profits decline on increased costs in first qtr. May 03, 2013

  Superior Industries International Inc.’s profits dipped in the first quarter of 2013 compared with the year-ago period as labor and supply costs affected results.

• General Moly continues hunt for Mount Hope financing May 03, 2013

  General Moly Inc. said it is looking to reinvigorate stalled loan negotiations as the company continues its search for another Chinese strategic partner to finance its Mount Hope molybdenum project in Nevada.

• Copper Club to honor Vann, Koo May 03, 2013

  Rea Magnet Wire Co. Inc. chairman Jim Vann and LS-Nikko Copper Inc. chairman C.M. Koo have been chosen to receive the Copper Club’s Copper Man of the Year Ankh award.

• Aleris mill suffers 2d fire in less than two weeks May 03, 2013

  Aleris International Inc.’s Richmond, Va., facility was hit by a fire the morning of May 3 as workers were cleaning up from a blaze at the same location less than two weeks earlier.

• US copper cathode premiums rise significantly May 03, 2013

  U.S. copper cathode premiums have soared in the aftermath of a wall slide at Kennecott Utah Copper’s Bingham Canyon Mine.

• Globe locks out workers at Quebec silicon plant May 03, 2013

  Globe Specialty Metals Inc. has locked out workers at its plant in Becancour, Quebec.

• LME, Comex metal trading at record volumes in April May 03, 2013

  The London Metal Exchange and Comex both saw record-breaking trading volumes in metal contracts in April, as the steepest drop in gold prices in 20 years prompted massive liquidation across other assets.

• Zinc Nacional to grow Mexican oxide capacity May 03, 2013

  Zinc Nacional SA will double its French-process zinc oxide capacity with an expansion at its Monterrey plant in northeastern Mexico.

• Ferroalloy traders fear early slowdown May 03, 2013

  Spot ferroalloy trading continues to be scant as long-term contracts cover the majority of business, with one trader claiming that the market has entered an early summer slowdown.

• High-carbon ferromanganese prices drop May 03, 2013

  High-carbon ferromanganese prices have dropped again, although one trader says an inability to move contracted material due to Mississippi River flooding could push spot prices back up.

• Tredegar’s net bolstered by Bonnell unit’s buy of Aacoa May 03, 2013

  Tredegar Corp.’s earnings jumped in the first quarter of 2013 compared with the year-ago period thanks in part to a solid performance from its Bonnell Aluminum Inc. subsidiary.

• Powmet vp Tom Millensifer retires May 03, 2013

  Powmet Inc. executive vice president Tom A. Millensifer has retired after a 57-year career in the molybdenum and rhenium industries.

• Regrets over Xstrata’s M&A? I’ve had a few, says Davis May 02, 2013

  The majority of Xstrata Plc’s acquisitions were successful, but there are a few that its outgoing chief executive officer wishes it had not got involved with.

• Royal Nickel still in financing talks for Dumont May 02, 2013

  Royal Nickel Corp. has said that widespread bearishness on nickel pricing has failed to deter “the investors that matter,” with the company still in discussions with Japanese mining houses for the development of its Dumont project in Quebec.

• Glencore completes merger. Now what? May 02, 2013

  Given the tight stipulations set out by Chinese and Western regulators, the merger of Glencore International Plc and Xstrata Plc is unlikely to result in an amorphous ravenous beast, as often described in the mainstream media, swallowing up companies and assets at will. So what next for newly merged GlencoreXstrata?

• Scrap aluminum wheel prices fall May 02, 2013

  Prices for scrap aluminum wheels have fallen slightly since last month as demand from producers of 356.1 alloy has weakened, according to market sources.

• Rio Tinto Alcan begins anode plant restart May 02, 2013

  Rio Tinto Alcan has begun the process of restarting the anode plant at its Alma facility in Quebec following a fatal accident April 30.

• Novelis offers high-recycled-content aluminum sheet May 02, 2013

  Novelis Inc.’s new high-recycled-content aluminum sheet product for the beverage can market is commercially available in North America and Europe, and will be accessible worldwide later in 2013, the company said May 2.

• Nickel North Exploration buys Hawk Ridge May 02, 2013

  Nickel North Exploration Corp. has completed its acquisition of the Hawk Ridge nickel-copper project in northern Quebec from Anthem Resources Inc.

• Tungsten Corp. starts work in Nev. May 02, 2013

  Tungsten Corp. has begun field exploration activities at its newly acquired Cherry Creek project in Nevada.

• Alcoa plans $275M auto sheet expansion May 02, 2013

  Alcoa Inc. plans to invest $275 million over the next three years to boost aluminum sheet capacity at its rolling mill in Alcoa, Tenn., to meet increasing demand from the auto sector.

• China's Zhejiang exchange plans iron ore trading platform May 02, 2013

  Zhejiang Zhoushan Bulk Commodity Exchange is seeking to launch a spot iron ore trading platform by year-end.