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While August figures were mixed, year-to-date global production and consumption of lead and zinc increased modestly from a year earlier on the back of Chinese activity, according to the latest data from the London-based International Lead and Zinc Study Group (ILZSG).
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U.S. rod and wire producer Southwire Co., Carrollton, Ga., said Monday that production at its rod mill had returned to normal after an engine failure caused a two-day shutdown last week.
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Vowing to stay on strike as long as it takes to get their demands met, union officials representing workers at Falconbridge Ltd.'s Kidd Creek Metallurgical plant said they were undeterred by an injunction handed down Friday restricting their actions at the site.
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Peru Copper Inc. said Monday that it has commissioned engineering group SNC-Lavalin Inc. of Montreal to conduct a prefeasibility study of its Toromocho project in central Peru.
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Zinc surged past $1,500 a tonne Monday, ending the London Metal Exchange's final kerb session at $1,520, its highest price since August 1997.
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Four directors with links to Brascan Corp. have resigned from Falconbridge Ltd.'s board.
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The supply of molybdenum ore in China could tighten further after an attempted theft from a closed mine in Huludao resulted in 10 deaths.
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Negotiations between the United Steelworkers union and troubled U.S. copper producer Asarco Inc. remain deadlocked as the strike by about 1,500 workers moves toward its 16th week.
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North American Tungsten Co. Ltd., Vancouver, British Columbia, has delivered its first shipments of tungsten concentrate from its CanTung Mine in northwestern Canada.
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Copper & Brass Sales, a unit of ThyssenKrupp Materials NA Inc., Southfield, Mich., has opened a new service center in Salt Lake City to serve Utah, southern Idaho, Montana, northern Nevada and Wyoming.
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Some fourth-quarter contracts for the supply of charge chrome to stainless steel mills from South African producers have been settled at 67 to 69 cents per pound, down 5 cents from the third quarter, according to unconfirmed reports.
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Canadian miners Inco Ltd. and Falconbridge Ltd. grabbed headlines when they announced their intention to combine forces to create the world's largest nickel producer.
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The U.S. Defense National Stockpile Center (DNSC), which announced it will likely sell out of cobalt by the end of its fiscal year, also conceivably could deplete its supplies of ferrotungsten, lead, tantalum metal powder and titanium by Sept. 30, 2006, an agency spokesman said.
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High copper prices are discouraging buying in China, although material is available for those willing to pay for it, according to market participants.
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Alcoa Inc. has confirmed that it has issued notices to more than 600 employees at its Eastalco aluminum smelter in Frederick, Md., that the plant will be curtailed if a new competitive power supply cannot be secured within the next two months.
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Gold reached its highest price in 17 years Wednesday, climbing to $487.50 per ounce in the London morning fix from $475.50 Tuesday afternoon, as funds increased their long positions on concerns about inflation and rising oil prices.
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Indium prices have come under downward pressure as rising inventory levels and the recent run-up in prices prompt consumers to stay on the sidelines.
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The Canadian Competition Bureau is continuing its wide-range probe into alleged cartel-like behavior among major copper concentrate producers despite a decision by the European Commission to close its investigation.
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Lower realized aluminum prices and higher energy and raw material costs hit Alcoa Inc., Pittsburgh, in the third quarter as the world's largest aluminum producer reported relatively flat earnings despite a 12.9-percent increase in sales to $6.57 billion compared with the same period last year.
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The U.S. Securities and Exchange Commission (SEC) is investigating New York-based futures brokerage Refco Inc. after the company announced that Phillip R. Bennett, chairman and chief executive officer, had taken a leave of absence following the discovery that $430 million was owed to the company by an entity run by Bennett.
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Metaleurop SA has won its long-running legal battle to survive, paving the way for the French lead and zinc producer to emerge from court protection.
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The European Commission has confirmed that it has closed an investigation into alleged cartel-like behavior among major copper concentrate producers.
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Copper production in Chile is projected to fall less than 1 percent to 5.4 million tonnes this year from 5.412 million in 2004, according to mining association Sociedad Nacional de Mineria (Sonami).
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Peru's mineral exports increased 37.4 percent in July to $765.6 million thanks primarily to higher global prices for copper, gold and molybdenum, according to figures released by Peru's Ministerio de Energía y Minas.