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The New York Mercantile Exchange confirmed late Tuesday that it would launch side-by-side trading of its metals contracts and e-minis Dec. 3.
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The Chicago Board of Trade said late Tuesday that it had launched an electronic warehouse receipt system for its metals contracts.
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Freeport-McMoRan Copper & Gold Inc. Wednesday said it would proceed with the restart of Phelps Dodge Corp.’s long-idle Climax molybdenum mine once its acquisition of the Phoenix-based copper producer is completed.
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Alcoa Inc. will restructure some its downstream operations and form a soft alloy joint venture with Orkla ASA’s Sapa Group with the intention of spinning out the venture in a later IPO.
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Aluminum premiums have softened further as consumers run down inventories ahead of year-end.
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Aluminum premiums have softened further as consumers run down inventory ahead of the year-end.
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Southeast Asia may soon join Australia, Jamaica and the Republic of Guinea as one of the world’s major bauxite-producing regions.
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Southeast Asia may soon join Australia, Jamaica and the Republic of Guinea as one of the world’s chief bauxite-producing regions.
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The world refined copper market surplus increased to about 88,000 tonnes in August, according to the International Copper Study Group (ICSG).
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The New York Mercantile Exchange is expected to confirm later Tuesday the Dec. 4 launch of side-by-side trading and e-mini metals contracts.
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Cadmium prices have firmed on the strength of demand from China and India as producers and traders see more inquiries for material.
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The New York Mercantile Exchange is expected to confirm later Tuesday the Dec. 4 launch of its side-by-side and e-mini metals contracts.
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The latest major capacity expansion move in the titanium industry is taking place in downstream processing as Titanium Metals Corp. moves to boost its output of sheet and plate through a processing tie-up with another producer.
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Cobalt prices have jumped on confirmation of speculation that MMC Norilsk Nickel, Moscow, will grant Cleveland-based specialty chemicals producer OM Group Inc. (OMG) a supply deal for all its cobalt.
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The latest major capacity expansion move in the titanium industry is taking place in downstream processing as Titanium Metals Corp. moves to boost its output of sheet and plate through a processing tie-up with another producer.
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The New York Mercantile Exchange said Monday that members of its Comex metals division had voted overwhelmingly in favor of an offer by the exchange for its electronic trading rights.
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The world refined copper market saw the production surplus increase to about 88,000 tonnes August, according to the International Copper Study Group (ICSG).
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A merger of Freeport-McMoRan Copper & Gold Inc. and Phelps Dodge Corp. would balance Freeport’s world-class mining asset with Phelps Dodge’s investment-grade rating, Freeport president and chief executive officer Richard C. Adkerson said in a conference call Monday.
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Cobalt prices have exploded on confirmation of speculation MMC Norilsk Nickel, Moscow, would grant Cleveland-based specialty chemicals producer OM Group Inc. (OMG) a supply deal for all its cobalt.
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Freeport-McMoRan Copper & Gold Inc. has launched a friendly takeover of Phelps Dodge Corp. in a move that will create the world’s largest publicly traded copper producer.
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The rising cost of premium-quality chromium has compelled Allegheny Ludlum Corp., a subsidiary of Pittsburgh-based Allegheny Technologies Inc., to add an extra component to its surcharge on super-ferritic stainless steels.
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Ferrosilicon prices have inched up on China’s 10-percent export tax and the high cost of energy, market sources said. The material is changing hands in a range of 57 to 59 cents per pound, up from 56 to 58 cents previously, although spot sales are modest.
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Cadmium prices have firmed on the strength of demand from China and India as producers and traders see more inquiries for material.