Nonferrous RSS

  • Alcoa, union workers reach tentative agreement May 16, 2014

    Alcoa Inc. has reached a tentative deal on a new five-year master labor agreement with the United Steelworkers union.

  • Ferromoly prices approach 3-year high May 16, 2014

    Ferromolybdenum prices continued to rise this past week while molybdic oxide prices have stalled, but some market participants said they expect a resolution soon.

  • GM sees aluminum usage increasing May 16, 2014

    General Motors Co. expects aluminum usage in mass-market vehicles to increase significantly over the next decade, although it is still learning how to work with the material on a "massive scale," a technical fellow in the company’s global manufacturing engineering unit said.

  • Noranda Income Fund’s net sinks in qtr. May 16, 2014

    Noranda Income Fund’s earnings plunged in the first quarter due in part to lower zinc metal sales and byproduct revenue and higher costs.

  • Aluminum extruders eye auto, solar growth May 15, 2014

    U.S. aluminum extruders remain upbeat about the prospects for increased demand in 2014, but concerns persist for sectors that continue to feel the impact of the 2008 economic downturn, including building construction, panelists at AMM’s Aluminum Summit in Philadelphia said.

  • Timet to pay record toxic dumping fine May 15, 2014

    Titanium Metals Corp. (Timet) will pay a $13.75-million fine as part of a deal with the U.S. Environmental Protection Agency stemming mainly from the alleged unauthorized production and disposal of polychlorinated biphenyls (PCBs) at its Henderson, Nev., sponge plant.

  • Alcoa workers authorize strike if no deal May 15, 2014

    Alcoa Inc.’s unionized workers have voted unanimously to authorize a strike if the two sides fail to reach a new master agreement ahead of its midnight May 15 expiration.

  • Physical aluminum contract needed to help mart May 15, 2014

    The North American aluminum market needs exchange-traded physical contracts that allow market players to actively participate in a regional pricing strategy and properly manage risk exposure, according to panelists at AMM’s Aluminum Summit in Philadelphia.

  • LME nickel price ‘drops like a stone’ on rush to liquidate May 15, 2014

    Nickel has fallen more than $2,500 per tonne since Wednesday’s official settlement following a wave of selling that began as Chinese markets opened May 15 in a market that some traders thought had risen too far too fast.

  • Capital infusion gives Mercator boost May 14, 2014

    Mercator Minerals Ltd. posted its third consecutive quarterly loss but reported improving production and throughput rates as a result of an infusion of capital from Daselina Investments Ltd., the controlling shareholder of Intergeo MMC Ltd., with which Mercator is set to merge.

  • Carbon fiber use said benefiting Alcoa May 14, 2014

    Alcoa Inc. expects to benefit from the increased use of composite materials in the aerospace sector due to the company’s strong position in fastening systems and propulsion technology, according to executive vice president and chief financial officer William F. Oplinger.

  • Imperial Metals net falls on low copper tags May 14, 2014

    Canadian miner Imperial Metals Corp. reported a substantial decline in earnings in the first quarter due to lower metal prices despite higher shipments of copper and gold.

  • W.Va. confirms Felman ruling for energy rate May 14, 2014

    The Public Service Commission (PSC) of West Virginia has denied two petitions opposing its order awarding Felman Production LLC a special electricity rate from Appalachian Power Co. Inc. (APCo).

  • BHP may offer Nickel West for sale in wake of mine halt May 14, 2014

    BHP Billiton Ltd. is considering selling its Nickel West operations in Western Australia following a production halt at its Leinster Perseverance underground mine last year.

  • US brass mill imports, exports diverge May 14, 2014

    U.S. imports of brass mill products rose in March compared with the same month last year while exports were virtually flat, according to the latest statistics from the Copper and Brass Fabricators Council.

  • First Nickel posts bigger loss on 26-percent output drop May 13, 2014

    First Nickel Inc. fell deeper into the red in the first quarter on a "significant" decrease in revenue due to a 26-percent drop in contained nickel pounds produced compared with a year earlier.

  • Thompson Creek’s revenue up 48.1% in qtr. May 13, 2014

    Thompson Creek Metals Co. Inc.’s revenue jumped 48.1 percent in the first quarter due mainly to the opening of its Mount Milligan copper-gold mine in British Columbia.

  • PCC invests $30M to integrate Timet operations May 13, 2014

    Precision Castparts Corp. (PCC) is investing $30 million to facilitate the integration of Titanium Metals Corp. (Timet) melted product into the parent company’s downstream processing operations, according to PCC’s top executive.

  • Zinc prices set to climb on rising supply deficit:analyst May 13, 2014

    Zinc prices, which are currently at “rock bottom,” are expected to climb considerably in the coming years, SP Angel Corporate Finance LLP partner and mining analyst John Meyer said at the New York Metals and Minerals Investment Conference May 12.

  • Wal-Mart backs Noranda’s power rate May 13, 2014

    Wal-Mart Stores Inc. is in favor of Noranda Aluminum Holding Corp.’s push for a lower electricity rate in Missouri, citing the severe economic impact on the region should the company’s New Madrid, Mo., smelter close.

  • Mill-grade aluminum scrap tags move higher with LME May 13, 2014

    Secondary aluminum scrap prices recorded a mixed start to the week of May 12, as some grades increased while others remained flat.

  • Advanced bonding driving aluminum use in autos: analyst May 13, 2014

    The automotive industry is headed toward an aluminum adoption curve that will exceed current expectations and benefit aluminum producers who utilize advanced bonding technologies, according to an analyst at Sterne Agee Group Inc.

  • Power rate spat hampers Felman restart May 13, 2014

    Felman Production LLC, still trying to overcome objections to its special electricity rate plan in order to take advantage of an improving silicomanganese market, has yet to sign a new deal with electricity supplier Appalachian Power Co. Inc. (APCo).

  • Horsehead’s plant start ‘imminent’ May 12, 2014

    Construction of Horsehead Holding Corp.’s plant in Mooresboro, N.C., is "essentially finished" and zinc production is "imminent," company executives said during an earnings conference call May 12.

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