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Specialty metals distributor Rolled Alloys Inc. has made its third overseas move this year while also opening a new stainless bar operation in the Chicago area.
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Tico Titanium Inc., a distributor and processor of mainly industrial titanium products, has relocated its headquarters facility to a 66,000-square-foot building in Wixom, Mich., about three miles from its previous plant in New Hudson.
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Katanga Mining Ltd. has agreed to merge with Nikanor Plc in a deal aimed at creating a global cobalt and copper leader based in the Democratic Republic of Congo (DRC), just two months after Katanga fought off a hostile takeover bid from Central African Mining & Exploration Co. Plc (Camec).
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Copper prices are expected to rebound in the first half of next year as consumers are forced back into the market after running down inventory in the final part of 2007, according to J.P. Morgan base metals analyst Michael Jansen.
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Alcoa Inc., Pittsburgh, has sold its automotive castings business to Compass Automotive Group LLC, a company owned by private equity fund Monomoy Capital Partners LP, New York.
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Chilean copper producer Corporacion Nacional del Cobre de Chile (Codelco) is expected to cut its 2008 copper premium in the United States by around 0.75 cent a pound as worldwide inventory levels rise and demand for cathode weakens in the wake of a major slowdown in the U.S. housing market.
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Wolverine Tube Inc., Huntsville, Ala., plans to exit the U.S. plumbing tube market and will close manufacturing plants in Decatur, Ala., and Booneville, Miss., by the end of the year as a result of declining demand from the residential construction market.
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Copper prices are expected to rebound in the first half of next year as consumers are forced back into the market after running down inventory in the final part of 2007, according to J.P. Morgan base metals analyst Michael Jansen.
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Logistics companies are facing rising costs as the industry’s labor shortage deepens and oil prices continue to march toward $100 a barrel, according to Michael A. Regan, chief executive officer and chairman of TranzAct Technologies Inc.
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Chilean copper producer Corporacion Nacional del Cobre de Chile (Codelco) is expected to cut its 2008 copper premium in the United States by around 0.75 cent a pound as worldwide inventory levels rise and demand for cathode weakens in the wake of a major slowdown in the U.S. housing market.
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Alcoa Inc., Pittsburgh, has sold its automotive castings business to Compass Automotive Group LLC, a company owned by private equity fund Monomoy Capital Partners LP, New York.
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Wolverine Tube Inc., Huntsville, Ala., plans to exit the U.S. plumbing tube business and will close manufacturing facilities in Decatur, Ala. and Booneville, Miss., the company said Tuesday.
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Tico Titanium Inc. has moved into an expanded headquarters facility. The distributor and processor of mainly industrial titanium products has relocated its Michigan service center from New Hudson to a 66,000-square-foot building in Wixom, about three miles from its previous plant.
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Titanium feedstock prices are showing mixed moves, but at least one segment of the market is poised to rise next year.
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Bolton Metal Products Co., Bellefonte, Pa., Monday decreased the metal value for alloy 360 brass rod by 10 cents to $3.13 a pound at its Bellefonte plant and to $3.08 a pound at its operation in Santa Fe Springs, Calif.
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Katanga Mining Ltd. has completed a $150-million loan facility with Glencore Finance Ltd. of Bermuda, a unit of Glencore International AG, Zug, Switzerland.
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Alcoa Inc., Pittsburgh, has sold its automotive castings business to Compass Automotive Group LLC, a company owned by private equity fund Monomoy Capital Partners LP, New York.
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Charles H. Entrekin, president of global operations and chief operating officer of Titanium Metals Corp. (Timet), has been elected president of the International Titanium Association.
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Breakwater Resources Ltd., Toronto, is depositing tailings in the Pozo Azul impoundment area of its El Mochito lead and zinc mine in Honduras after closing its Soledad impoundment area following a leak.
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First Nickel Inc.’s production from its Lockerby Mine near Sudbury, Ontario, nudged up by about 915 tonnes in the third quarter to 36,258 tonnes.
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Chile’s copper mines face a sulfuric acid shortage that could limit copper production, according to Alfredo Ovalle, president of Sociedad Nacional de Mineria (Sonami).
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Spot aluminum premiums remain soft amid little action as producers and traders set their sights squarely on 2008 business.
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Noranda Aluminum Inc., New Madrid, Mo., has raised prices on aluminum ingot and billet by 4 cents per pound for November.
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Antimony prices have nudged up $50 in a balanced market, but sources said suppliers would be wise not to try to tamper much with the current price range of $5,650 to $5,750 per tonne.