Nonferrous RSS

  • Copper, brass centers’ shipments fall again Nov 11, 2008

    Service center shipments of copper and copper alloy products totaled nearly 29.4 million pounds in September, down 4.2 percent from the same month last year, according to the Copper and Brass Servicenter Association (CBSA), marking another month of decreased demand in an increasingly volatile market.

  • National Copper goes under; 170 workers laid off Nov 11, 2008

    Dowagiac, Mich.-based copper tubing company National Copper Products Inc. has announced plans to shutter its doors this week, leaving some 170 employees out of work and adding one more name to the growing list of small fabricators unable to weather the current economic storm.

  • RTI sees sponge costs falling up to 9% Nov 11, 2008

    Titanium sponge costs for RTI International Metals Inc. are due to decline next year, although they won’t drop at the same rate that either scrap or RTI’S own mill products have been falling.

  • Alcoa slicing production another 350,000 tonnes Nov 10, 2008

    Alcoa Inc. plans to curtail an another 350,000 tonnes per year of production, effective immediately, as the slowdown in the aluminum market shows no signs of abating.

  • Freeport trims moly output as prices plunge Nov 10, 2008

    Analysts and traders see no immediate relief for plunging U.S. molybdenum prices, despite Monday’s announcement by major producer Freeport-McMoRan Copper & Gold Inc. that it will cut production at its Henderson Mine and delay the reopening of the Climax Mine.

  • Rio cuts New Zealand aluminum output Nov 10, 2008

    Rio Tinto has reduced production by about a third at its Tiwai Point aluminum smelter in New Zealand after a transformer failed Sunday.

  • Russia, Venezuela in aluminum joint venture Nov 10, 2008

    Russia and Venezuela have signed a cooperative agreement to create a joint venture between United Co. Rusal and Corporacion Venezolana de Guayana (CVG) to build an alumina and aluminum complex in the South American country, according to Russian media reports.

  • Belvedere plans more nickel mine layoffs Nov 10, 2008

    Belvedere Resources Ltd. will lay off another 65 workers at its Hitura nickel mine in Finland beginning early next month.

  • ***ALCOA TO CUT ANOTHER 350,000T OF ALUMINUM OUTPUT Nov 10, 2008

  • Xstrata cuts S. African ferrochrome output Nov 10, 2008

    Xstrata Plc and South African partner Merafe Resources are halting output by six of their ferrochrome furnaces in the country amid weak market conditions.

  • Hydro prepares for lengthy slowdown Nov 10, 2008

    Norsk Hydro is considering cutting aluminum production due to a slump in demand that it said could last for “some time.”

  • Ladish unit gets aero job; castings project delayed Nov 10, 2008

    A Polish subsidiary of Ladish Co. has won its first landing gear order for large commercial aircraft.

  • Novelis quarterly loss widens to $103M (UPDATE) Nov 10, 2008

    Novelis Inc., unable to keep pace with energy and other input costs, fell deeper into the red in its fiscal second quarter.

  • Rio cuts NZ aluminum production Nov 10, 2008

    Rio Tinto has reduced production by about a third at its Tiwai Point aluminum smelter in New Zealand after a transformer failed Sunday.

  • Belvedere sets more temporary layoffs at Hitura Mine Nov 10, 2008

    Belvedere Resources Ltd., Vancouver, British Columbia, will temporarily lay off another 65 workers at its Hitura nickel mine in Finland, beginning early December.

  • Rusal inches one step closer to Venezuela alumina plant Nov 10, 2008

    The governments of Russia and Venezuela have signed a cooperative agreement to create a joint venture between United Co. Rusal and Corporacion Venezolana de Guayana (CVG) to build an alumina and aluminum complex in the South American country, according to Russian media reports.

  • Buyers wary of contracts Thompson Nov 07, 2008

    Thompson Creek Metals Co. Inc. expects customers to be wary of signing new annual contracts from now through the start of next year, given the current free fall in molybdenum prices.

  • Katanga increases production in 3rd qtr. Nov 07, 2008

    Katanga Mining Ltd. raised production of copper cathode, cobalt metal and cobalt concentrate from its properties in the Democratic Republic of Congo in the three months through September to 6,812 tonnes, 356 tonnes and 14,588 tonnes, respectively, the London-based company said.

  • Buyers wary of contracts Thompson Creek Nov 07, 2008

    Thompson Creek Metals Co. Inc. expects customers to be wary of signing new annual contracts from now through the start of next year, given the current free fall in molybdenum prices.

  • Donets to head Alcoa Russia unit Nov 07, 2008

    Alcoa Inc. has named Andrei Donets president of its Russian operations, effective Nov. 17.

  • Ghana proposes sale of Valco share Nov 07, 2008

    Ghana’s National Assembly passed a bill Friday approving the potential sale of 70 percent of state-owned aluminum producer Volta Aluminum Co. (Valco) to Brazil’s Vale and Norway’s Norsk Hydro ASA for $175.5 million. But both companies named in the National Assembly bill said they aren’t interested in the purchase at this time, according to media reports.

  • US copper scrap prices slide, little let-up is seen Nov 07, 2008

    Copper scrap prices eroded further this week as Chinese buyers continue to renege on contracts and the U.S. domestic slowdown shows few signs of abating, market sources said.

  • HudBay shelves Fenix nickel project Nov 07, 2008

    HudBay Minerals Inc. won’t proceed with construction of its recently acquired Fenix nickel project in Guatemala until metals prices improve and the global economic crisis subsides, company executives said.

  • Alcoa taps Donets to head Russian operations Nov 07, 2008

    Alcoa Inc. has named Andrei Donets president of its Russian operations, effective Nov. 17.

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