Nonferrous

  • Rolled Alloys buys UK center, opens Ill. facility Nov 06, 2007

    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.

  • Titanium distributor Tico moves to larger facility, boosts capacity Nov 06, 2007

    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.

  • Katanga, Nikanor aim for top spot in mart with merger plan Nov 06, 2007

    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).

  • Copper expected to rebound when users begin to restock Nov 06, 2007

    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.

  • Monomoy buys Alcoa auto unit, cites strengths Nov 06, 2007

    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.

  • Codelco reported cutting ’08 US copper premium 0.75¢/lb. Nov 06, 2007

    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.

  • Wolverine to exit plumbing tube mart, close two plants Nov 06, 2007

    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.

  • Copper to rebound when users restock in ’08 analyst Nov 06, 2007

    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.

  • Rising oil prices, driver shortage squeezing logistics firms Nov 06, 2007

    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.

  • Codelco seen cutting US premium 0.75¢/lb. [UPDATE] Nov 06, 2007

    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.

  • Alcoa sells auto castings business to Monomoy [UPDATE] Nov 06, 2007

    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.

  • Wolverine to exit plumbing tube mart, close two plants Nov 06, 2007

    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.

  • Mich. titanium distributor moves, adds capacity Nov 06, 2007

    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.

  • Sponge in for ’08 price rise but titanium set to fall RTI Nov 05, 2007

    Titanium feedstock prices are showing mixed moves, but at least one segment of the market is poised to rise next year.

  • Bolton pares metal values 10¢/lb. Nov 05, 2007

    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.

  • Glencore, Katanga complete $150M loan facility Nov 05, 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.

  • Alcoa sells auto castings unit to private equity fund Nov 05, 2007

    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.

  • Timet’s Entrekin elected president of ITA Nov 05, 2007

    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.

  • Breakwater continuing to use old tailings site Nov 05, 2007

    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.

  • First Nickel lifts output slightly in third quarter Nov 05, 2007

    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.

  • Chilean miners facing shortage of sulfuric acid Nov 05, 2007

    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).

  • Aluminum premiums soft, all eyes on ’08 deals Nov 05, 2007

    Spot aluminum premiums remain soft amid little action as producers and traders set their sights squarely on 2008 business.

  • Noranda sets 4¢/lb. Nov. increase Nov 05, 2007

    Noranda Aluminum Inc., New Madrid, Mo., has raised prices on aluminum ingot and billet by 4 cents per pound for November.

  • Antimony inches up in balanced market; substitution worry aired Nov 05, 2007

    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.

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