Nonferrous RSS

  • BHP makes pass at Rio Tinto, gets slapped [UPDATE] Nov 08, 2007

    BHP Billiton will continue to press Rio Tinto to accept a $140-billion takeover proposal although its overtures already have been rejected twice, the world's largest mining company disclosed Thursday.

  • CAW gets clearer picture of Xstrata’s Sudbury plans Nov 08, 2007

    Xstrata Plc is considering swapping land assets with CVRD Inco Ltd. to ease the transportation of ore and modernize equipment as part of their plans to work together in the Sudbury Basin, according to Hemi Mitic, assistant to the president of the Canadian Auto Workers union.

  • Tin mart players forecast strong prices for ’08 Nov 08, 2007

    Tin prices are expected to remain firm next year amid further constraints on material coming out of Indonesia and demand remaining firm, according to market participants.

  • Aluminum export tax increase not ruled out Nov 08, 2007

    The Chinese government might consider raising the current 15-percent export tax on aluminum ingot.

  • Emirates Aluminium names three to top posts Nov 08, 2007

    Emirates Aluminium (Emal), a joint venture between Dubai Aluminum Co. Ltd. (Dubal) and Mubadala Development Co., has named Duncan John Hedditch chief executive officer.

  • Tin market players forecast strong prices for 2008 Nov 08, 2007

    Tin prices are expected to remain firm next year amid further constraints on material coming out of Indonesia and demand remaining firm, according to market participants.

  • Copper consumers reluctant to lock in annual premium Nov 08, 2007

    U.S. copper consumers are holding off signing contracts for cathode next year as demand forecasts for manufactured copper-based products soften and copper on the futures markets tumble, according to traders.

  • Chrysler taps Novelis sheet for minivan hoods Nov 08, 2007

    Novelis Inc., Atlanta will supply aluminum sheet blanks for the hoods of Chrysler LLC’s 2008 Chrysler Town & Country and Dodge Caravan minivans.

  • Novelis to supply sheet for Chrysler minivan hoods Nov 08, 2007

    Novelis Inc., Atlanta will supply aluminum sheet blanks for the hoods of Chrysler LLC’s 2008 Chrysler Town & Country and Dodge Caravan minivans.

  • Globe ‘serious’ about plans for NY plant restart Nov 07, 2007

    Globe Metallurgical Inc. plans to reopen its silicon metal plant in Niagara Falls, N.Y., as early as January 2009, but the restart hinges on reaching an affordable power deal.

  • Silver prices to remain strong in 2008 GFMS Nov 07, 2007

    Silver prices will range between $13.50 and $16.50 per ounce over the next 12 months as an increase in mine production is offset by lower government sales, GFMS Ltd., London, said in its Interim Silver Market Review.

  • Norwegian fund sheds investment in Vedanta Nov 07, 2007

    Norway’s government pension fund has divested its holdings in Vedanta Resources Plc, London, due to concerns about the company’s environmental and human rights record.

  • DNSC sells nearly 260,000 lbs. of cobalt in Oct. Nov 07, 2007

    The U.S. Defense National Stockpile Center (DNSC) sold 259,870 pounds of cobalt in October to four companies—Glencore Ltd., Stamford, Conn.; Traxys North America LLC, New York; Umicore USA Inc., Raleigh, N.C.; and Voss Metals Co. Inc., Rockford, Ill.—for $7.74 million, or an average of $29.78 a pound.

  • Magnesium export tags up; gas shortage cited Nov 07, 2007

    Chinese magnesium export prices have soared an average of 12 percent since mid-October to $3,350 to 3,400 a tonne f.o.b., possibly due to fuel shortages.

  • China may overtake US as No. 2 gold producer Nov 07, 2007

    China might replace the United States as the world’s second-largest gold producer this year, an executive at the China Gold Association (CGA) said.

  • Argentia contract talks set to resume Nov. 24 Nov 07, 2007

    Negotiations are set to resume on the first labor contract for unionized workers at CVRD Inco Ltd.’s hydrometallurgical demonstration facility in Argentia, Newfoundland, on Nov. 24, more than eight weeks after the last round of talks broke down.

  • Rio Tinto Alcan sells auto casting businesses in Slovenia to Hidria Nov 07, 2007

    Rio Tinto Alcan, Montreal, has sold two automotive casting businesses in Slovenia to Hidria Rotomatika d.o.o.

  • Replacement battery shipments up through September Nov 07, 2007

    Shipments of replacement lead-acid automotive batteries totaled 72.4 million units in the first nine months of the year, up 1.8 percent from the same period last year, according to the Battery Council International, Chicago.

  • Aluminum’s strength is offshore, not in US O’Carroll Nov 07, 2007

    Aluminum prices held up in October, averaging $2,442 per tonne ($1.11 per pound) despite continued softness in the U.S. economy, according to Lloyd O’Carroll, metals equity analyst with Davenport & Co. LLC, Richmond, Va.

  • Peru miners’ strike declared illegal Nov 07, 2007

    Peru's Labor Ministry Wednesday declared a nationwide strike by mine workers illegal.

  • Norwegian fund drops investment in Vedanta Nov 07, 2007

    Norway’s government pension fund has divested its holdings in Vedanta Resources Plc, London, due to concerns about the company’s environmental and human rights record.

  • Rio Tinto Alcan sells Slovenian castings businesses Nov 07, 2007

    Rio Tinto Alcan, Montreal, has sold two automotive castings businesses in Slovenia to Hidria Rotomatika d.o.o.

  • Katanga gets $150M Glencore loan Nov 06, 2007

    Katanga Mining Ltd. has completed a $150-million loan facility with Glencore Finance Ltd. of Bermuda, a unit of Glencore International AG, Zug, Switzerland.

  • Nyrstar’s Tenn. smelter to process zinc concs from SRA’s MTM group Nov 06, 2007

    Strategic Resource Acquisition Corp. (SRA), Toronto, has signed a long-term agreement to sell a large portion of the production from its Middle Tennessee Mines (MTM) complex to Nyrstar SA/NV for processing at its Clarksville, Tenn., zinc smelter.

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