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The global nickel market should move back into a supply deficit after 2015 due to a lack of new mining projects coming online, attendees at the International Nickel Conference of AMM sister publication Metal Bulletin were told.
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The parliamentary elections in Iceland may work to the advantage of Century Aluminum Co., according to both the company and analysts.
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Total mining exploration could decline by around 25 percent this year, Bakes Mitchell, vice president of sales at SNL Metals Economics Group, said.
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New sources of investment, financing options and partnerships have surfaced to help fill the capital liquidity gap, a Citibank executive said.
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Mine cost overruns are high, with senior-stage projects the worst performers, according to Chris Henstock, managing director of mining and commodities finance at Société Générale SA.
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Asian copper premiums are likely to keep rising as India’s largest copper smelter remains closed.
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Century Aluminum Co. hopes to know by the end of the second quarter whether it will be able to restart its idled smelter in Ravenswood, W.Va., according to president and chief executive officer Michael Bless.
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Century Aluminum Co. has agreed to acquire Rio Tinto Alcan’s smelter in Sebree, Ky., for $61 million in cash and the assumption of $4 million in liabilities, the companies said April 29.
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Cliffs Natural Resources Inc. has no clear timeline on when the permitting process for its Black Thor ferrochrome project in northern Ontario will resume following a change in local government.
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Global nickel production is projected to exceed consumption by 90,000 tonnes in 2013, according to the International Nickel Study Group.
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The aluminum billet market has softened in recent weeks as uncertainty over the economy weighs slightly on premiums.
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BHP Billiton Plc is selling its Pinto Valley copper mine and associated San Manuel Arizona Railroad Co. (Smarrco) to Vancouver, British Columbia-based Capstone Mining Corp. as part of its disinvestment initiative.
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The global zirconium market, battered by the fallout of Japan’s 2011 nuclear disaster, should hit bottom this year, with initial signs of recovery emerging in 2014, according to Allegheny Technologies Inc.’s (ATI’s) top executive.
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Junior miner Tiger Resources Ltd., which owns the Kipoi copper and cobalt project in the Democratic Republic of the Congo, has voluntarily delisted its shares from the Toronto Stock Exchange (TSX).
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Century Aluminum Co. could continue to operate its Hawesville, Ky., smelter even if it were to lose the facility’s largest customer, Southwire Co., according to company president and chief executive officer Michael Bless.
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Midwest spot aluminum premiums remained unchanged last week amid what appeared to be considerable uncertainty about the direction of the market.
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Century Aluminum Co. hopes to have moved into its new headquarters in Chicago in July, according to company officials.
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An offering of convertible debt by RTI International Metals Inc. has grown by $52.5 million.
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Ferrovanadium prices have dropped on reports of a supply surplus, although overall ferroalloy spot trading has been light as long-term contracts are covering most consumers’ requirements.
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Extrudex Aluminum Inc. is facing a $175,000 fine by the Occupational Safety and Health Administration (OSHA) for alleged safety violations.
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Cliffs Natural Resources Inc. has yet to resume discussions with the government of Ontario over the funding of infrastructure for its proposed Black Thor chromite project, the company said April 25.
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Century Aluminum Co. has been hit by a global drop in commodity prices—perhaps driven by speculation—at the same time that aluminum capacity continues to increase, according to president and chief executive officer Michael Bless.
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Aleris International Inc.’s Richmond, Va., facility is recovering after an April 24 fire, a company spokesman told AMM.
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They might be bluffing, but copper market participants appear to be unfazed by the wall slide at Kennecott Utah Copper’s Bingham Canyon Mine.