Nonferrous RSS

  • Nymex to boost platinum margins Dec 05, 2006

    The New York Mercantile Exchange will increase margins for its platinum and Nymex miNY platinum futures contracts, effective with the close of business Wednesday.

  • HudBay becomes hunter and possibly prey Dec 05, 2006

    Sitting on a stack of cash, HudBay Minerals Inc. is in active pursuit of acquiring assets, with a preference for a homegrown zinc company.

  • Thin volumes posted for new Comex miNYs Dec 05, 2006

    Only 46 contracts were traded on the opening day of the new Comex miNY metal futures on the New York Mercantile Exchange.

  • Rio Tinto names Tom Albanese to replace Clifford as chief exec Dec 05, 2006

    Rio Tinto Plc, London, has named Tom Albanese, currently director of group resources, to replace Leigh Clifford as chief executive officer effective May 1, 2007.

  • Thin volumes reported on Comex miNYs Dec 05, 2006

    Thin debut trading of the New York Mercantile Exchange's new Comex miNY metals futures contracts has been underlined following the release of volume figures that show 17 copper miNY contracts were traded on the first day of business.

  • Ferrovanadium pricing spectrum gets wider in end-of-year market Dec 05, 2006

    Ferrovanadium prices are still in a range of $16.25 to $17.25 a pound, but there are reports of wild swings at both ends of the pricing spectrum—sales as high as $18 a pound and as low as $15.50 a pound.

  • Canadian Arrow to buy Denmark Lake nickel-copper property Dec 05, 2006

    Canadian Arrow Mines Ltd. has signed an option agreement to fully acquire the Denmark Lake nickel-copper property, located next to its Kenbridge Deposit near Kenora, Ontario, the company said Tuesday.

  • LMEminis have low-key launch after early Select system glitch Dec 04, 2006

    The London Metal Exchange’s mini contracts in aluminum, copper and zinc had a low-key debut Monday, characterized by thin volumes as most traders and funds chose to watch from the sidelines.

  • HudBay boosts exploration budget Dec 04, 2006

    HudBay Minerals Inc., Winnipeg, Manitoba, plans to spend $37 million on exploration in 2007, largely in the Flin Flon Greenstone Belt in Manitoba and Saskatchewan.

  • Comex minis start slow in cautious mart Dec 04, 2006

    Trading of the New York Mercantile Exchange’s new Comex miNY metals contracts was quiet on the first day of business, traders said Monday.

  • Codelco plans $530-million expansion for Andina plant Dec 04, 2006

    Corporación Nacional del Cobre de Chile’s Andina division is expected to produce 30,000 to 40,000 tonnes more copper in 2009 following the completion of the first stage of an expansion plan, before falling back to about 250,000 tonnes per year as grades decline, according to Daniel Trivelli, the division’s general manager.

  • Low aluminum stocks have Alcoa upbeat Dec 04, 2006

    Historically low aluminum inventory levels will drive Alcoa Inc. investments in both its upstream and downstream activities, Alain J.P. Belda, Alcoa’s chairman and chief executive officer, said Monday.

  • Novelis pinning plans on Fusion; looks to tackle debt from spin-off Dec 04, 2006

    Novelis Inc., Atlanta, is looking to expand the universe of aluminum applications with its Fusion technology as the company also continues to deal with contractual and debt legacies left from its spin-off from Alcan Inc. two years ago.

  • Comex miNY trading quiet on first day Dec 04, 2006

    Trading of the New York Mercantile Exchange’s new Comex miNY metals contracts was quiet on the first day of business, traders said Monday.

  • Crucial copper TC/RC talks with Japanese set Dec 04, 2006

    Crunch talks between Japanese smelters and copper miners BHP Billiton and Freeport-McMoRan Copper & Gold Inc. are scheduled to take place next week, when smelters likely will battle to retain the price participation element of annual treatment and refining charge (TC/RC) agreements.

  • Low aluminum stocks drive Alcoa to further investments Dec 04, 2006

    Historically low aluminum inventory levels will push Alcoa Inc. to continue investing in both its upstream and downstream activities, according to Alain J.P. Belda, Alcoa’s chairman and chief executive officer.

  • Copper miners, Japanese smelters to meet for crucial TC/RC talks Dec 04, 2006

    Crunch talks between Japanese smelters and copper miners BHP Billiton and Freeport-McMoRan Copper & Gold Inc. are scheduled to take place next week and are likely to see smelters battle to retain the price participation element of annual treatment and refining charge (TC/RC) agreements.

  • Novelis pins future on Fusion; looks to cut costs, debt Dec 04, 2006

    Novelis Inc., Atlanta, will look to expand the universe of aluminum applications with its Fusion technology as the company also continues to deal with contractual and debt legacies left from its spin-off from Alcan Inc. two years ago.

  • Marietta union schedules contract vote, but negotiator not optimistic Dec 04, 2006

    Union members at Eramet SA’s plant in Marietta, Ohio, are scheduled to vote on a proposed new labor contract Wednesday after the France-based company’s management made minor changes to health insurance and retirement benefits.

  • APT slips, but market expects upswing in ’07 Dec 04, 2006

    Ammonium paratungstate (APT) prices have fallen slightly as spot orders slow while companies balance their order books before the end of the year.

  • HudBay to spend $37M on exploration in 2007 Dec 04, 2006

    HudBay Minerals Inc., Winnipeg, Manitoba, plans to spend $37 million on exploration in 2007, largely in the Flin Flon Greenstone Belt in Manitoba and Saskatchewan.

  • Contract vote scheduled at Eramet’s Marietta plant Dec 04, 2006

    Union members at Eramet SA’s Marietta, Ohio, plant are set to vote on a new labor contract Wednesday after the France-based company’s management made minor changes to its insurance policy and retirement benefits plans.

  • Collahuasi mill repairs to take about 90 days Dec 01, 2006

    Copper production at the 425,000-tonne-per-year Collahuasi copper mine in Chile will be reduced for up to three months starting in January for critical repairs to a mill, Enrique Rohde, country manager of engineering firm ABB Ltd., confirmed.

  • Chinese traders accept Codelco premiums Dec 01, 2006

    Several Chinese trading companies have agreed to 2007 copper premiums of $128 to $130 a tonne with Corporacion Nacional del Cobre de Chile (Codelco), executives said, with contracts to be inked in the coming days.

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