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The aluminum market is benefiting from an increased rate of substitution out of copper and steel-based products in the wake of soaring prices, Richard B. Evans, president and chief executive officer of Alcan Inc., Montreal, said.
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Alcan Inc., Montreal, plans to spend $27.5 million to expand its Pharma Center in Shelbyville, Ky., the company said Wednesday.
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The Chicago Board of Trade said Wednesday that trading of its full-sized gold contract had set a record daily volume.
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Alcoa Inc., Pittsburgh, will spend more than $6 million to increase capacity at its Howmet Products & Services facility in Morristown, Tenn.
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Premiums for melting-grade nickel have slipped as the metal’s price surged on the London Metal Exchange and sellers move their material to avoid the high cost of backwardation, market sources said.
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Operations have resumed at Breakwater Resources Ltd.’s Myra Falls zinc mine about a week after production was halted when a storm made the road leading to the mine impassable.
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The London Metal Exchange plans to make its new LMEmini contracts available via the telephone broker market when they launch Dec. 4.
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Chile produced 480,348 fine tonnes of copper in October, a 7.4-percent increase compared with the same month last year, according to data from state statistics agency Instituto Nacional de Estadísticas.
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Alcan Inc., Montreal, has secured a much-anticipated long-term power contract with South African energy supplier Eskom Holdings Ltd. for its proposed Coega smelter.
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Phelps Dodge Corp., Phoenix, confirmed late Monday that workers at its Cerro Verde copper mine in Peru had launched a 48-hour strike over a wage dispute.
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Premiums for melting-grade nickel have slipped as the metal’s price surged on the London Metal Exchange and sellers move their material to avoid the high costs of backwardation, market sources said.
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Chinese economic growth will eat up increased local production of alumina and aluminum, preventing China from becoming a net exporter of aluminum products, according to Bernt Reitan, Alcoa Inc. executive vice president and president of the company’s primary products group.
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Chinese economic growth will eat up increased local production of alumina and aluminum, preventing China from becoming a net exporter of aluminum products, according to Bernt Reitan, Alcoa Inc. executive vice president and president of the company’s primary products group.
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Chile produced 480,348 fine tonnes of copper in October, an increase of 7.4 percent over the same month in 2005, state statistics agency Instituto Nacional de Estadísticas (INE) reported.
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Downward pressure continues to build on U.S. copper premiums in the face of rising warehouse stocks following a major drop-off in domestic and overseas demand for cathode.
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The U.S. Defense National Stockpile Center has offered 264,288.93 pounds of cobalt in gecamines cathode from its New Haven, Ind., storage facility.
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Downward pressure continues to build on U.S. copper premiums in the face of rising warehouse stocks following a major drop-off in domestic and overseas demand for cathode.
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Felman Production Inc.’s Letart, W.Va., plant is back on track, with output from its second furnace nearing maximum capacity, a source close to the company said.
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The cost of the embattled Goro nickel project in New Caledonia is expected to total $3 billion, up nearly 40 percent from the previously anticipated $2.15 billion.
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Phelps Dodge Corp., Phoenix, confirmed late Monday that workers at its Cerro Verde copper mine in Peru had started a 48-strike following a wage dispute.
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Nickel cooled Monday afternoon on the London Metal Exchange after reaching a second-ring high following concerns about production problems at Inco Ltd.’s Goro project in New Caledonia.
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Phelps Dodge Corp., Phoenix, confirmed late Monday that workers at its Cerro Verde copper mine in Peru had started a 48-strike following a wage dispute.
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Production at Felman Production Inc.’s Letart, W.Va., plant is back on track, as output from its second furnace is nearing maximum capacity, a source close to the company said.
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Operations resumed at Breakwater Resources Ltd.’s Myra Falls zinc mine Saturday, about a week after its production was halted when the road leading into the operations was blocked on the back of a storm.