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Kaiser Aluminum Corp., Foothill Ranch, Calif., could emerge from Chapter 11 bankruptcy protection by the end of January or early February after the U.S. Bankruptcy Court for the District of Delaware approved the company's disclosure statement relating to its latest plan of reorganization.
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The Chinese government will soon introduce policies to curb over-investment and smelting capacity expansions in the Chinese copper industry, according to Wang Gongmin, vice president of the China Nonferrous Metals Industry Association (CNIA).
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Buyers of Russian aluminum who take metal on a free-on-board basis face growing difficulties in shipping their material out of the port of St. Petersburg as a result of go-slow action by stevedores at the Baltic Sea port, market sources said.
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Copper's deficit continued to decline in June to 22,000 tonnes on a seasonally adjusted basis, according to the International Copper Study Group (ICSG).
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A shipment of about 800 tons of aluminum from South America is believed to have been grounded in the Gulfport, Miss., area as a result of Hurricane Katrina.
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Cerro Metal Products, Bellefonte, Pa., said Thursday it will adjust the price of alloy 360 brass rod to reflect a 4-cent increase in metal value to $1.49 a pound, effective with Sept. 9 shipments, and the buyback price for customer brass turnings will increase 4 cents to $1.38 a pound
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Investigators probing suspect cobalt sales at the former state-owned Zambia Consolidated Copper Mines Ltd. (ZCCM) are expected to press for the extradition of individuals from Britain and other countries accused of wrongdoing.
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South Africa's Department of Labor plans to conduct an official inquiry into the Aug. 17 blast that killed seven workers and severely injured four others at the Middelburg ferrochrome plant owned by Kermas Ltd.
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The U.S. Defense National Stockpile Center (DNSC) detailed sales of various commodities under the basic ordering agreement (BOA) format in August.
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Antimony has jumped to $3,750 to $3,850 per tonne on a spot basis, up from a previous range of $3,500 to $3,600 per tonne, on firmer demand and a slowdown in concentrate shipments from China.
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Cobalt prices are firm in Europe, although the market is beginning to see more interest after a spell of seasonal inactivity.
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Workers at Grupo Mexico SA de CV's Cananea copper mine have ratified a new two-year collective bargaining agreement, ending the threat of a strike at the facility.
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Indium prices continue to rise on surging demand from Japanese consumers and tightening stock levels following the shutdown of Chinese indium smelters and an ongoing strike at Teck Cominco Ltd., Vancouver, British Columbia.
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Teck Cominco Ltd., Vancouver, British Columbia, has reached an agreement with UTS Energy Corp. and Petro-Canada to acquire a 15-percent stake in Fort Hills Energy LP, which is developing an oil sands project in Alberta, for about Canadian $475 million ($399 million).
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Indium prices continue to rise on surging demand from Japanese consumers and tightening stock levels following the shutdown of Chinese indium smelters and an ongoing strike at Teck Cominco Ltd., Vancouver, British Columbia.
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Teck Cominco Ltd., Vancouver, British Columbia, has reached an agreement with UTS Energy Corp. and Petro-Canada to acquire a 15-percent stake in Fort Hills Energy LP, which is developing an oil sands project in Alberta, for about Canadian $475 million ($399 million).
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The unsecured creditors' committee of troubled U.S. copper producer Asarco Inc. has appointed law firm Reed Smith LLP as its legal representative following its first meeting Friday.
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Russia's largest aluminum producer, OAO Russian Aluminium (Rusal), has begun to direct exports away from St. Petersburg as a go-slow action by stevedores at the Baltic Sea port entered its seventh day, a company spokeswoman said.
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Alcan Inc. and workers at the Pechiney Rolled Products operation in Ravenswood, W.Va., have a new labor contract. Members of United Steelworkers union Local 5668 voted 440-to-305 in favor of the agreement Friday after rejecting the same offer the previous week.
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Britain's Financial Services Authority (FSA) has officially recognized Nymex Europe Ltd., the European subsidiary of the New York Mercantile Exchange, as a U.K. investment exchange.
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Canadian miner Falconbridge Ltd. has discovered what it describes as a "significant" new nickel deposit on its Araguaia property in northern Brazil's Para state.
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Charles H. Entrekin, has been appointed president and chief executive officer of Timminco Ltd., Toronto. He also is expected to join the company's board of directors.
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Mike Newman has joined Samsung America Inc., Ridgefield Park, N.J., as a senior aluminum trader. Newman, formerly of Alcan Inc., Montreal, and Algroup, will build a physical aluminum book in North America for Samsung. The company already has an established copper book in the United States.
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The Defense National Stockpile Center (DNSC) sold some 375,000 pounds of cobalt valued at about $5 million under the basic ordering agreement format during August to Darton Commodities Ltd., Guildford, England; Glencore Ltd., Stamford, Conn.; Phoenixx International LP, Carnegie, Pa.; SFP Metals (UK) Ltd., London; Stratton Metals Ltd., Gibraltar; Tricor Group LLC, New York; and Voss Metals Co. Inc., Rockford, Ill.