Nonferrous RSS

  • Corriente Resources in talks with buyer Dec 16, 2008

    Corriente Resources Inc. has entered a period of exclusive negotiations with a potential purchaser.

  • Corriente Resources in talks with possible buyer Dec 16, 2008

    Corriente Resources Inc. has entered into a period of exclusive negotiations with a potential purchaser.

  • Congo slashes copper export, cobalt output forecasts Dec 16, 2008

    The Democratic Republic of Congo trimmed its copper export outlook by 30 to 40 percent for the next three months as a result of ongoing factory shutdowns, softening demand and regional violence, according to a Reuters report.

  • S&P cuts ratings for Xstrata, Glencore; warns on ’09 profits (UPDATE) Dec 16, 2008

    Standard & Poor’s Ratings Services (S&P) has cut ratings for Xstrata Plc and said it expects the sorry state of the global economy and the continued weakness of commodity prices to cut profits and cash flow next year.

  • Tin market in the doldrums as buying slows to a trickle Dec 16, 2008

    Activity in the tin market has slowed to a trickle, with no sign of a pickup in sight until at least the New Year, according to market participants.

  • Teck mine closure may spark trend Dec 15, 2008

    Teck Cominco Ltd.’s announcement Monday that it will temporarily stop operations at a mine and mill complex in Washington state will likely spark a spate of production cuts over the next 12 to 18 months, analysts told AMM.

  • Belvedere shutters two Finnish nickel mines Dec 15, 2008

    Belvedere Resources Ltd. has placed its Hitura and Sarkiniemi nickel mines in Finland on care and maintenance until further notice, citing the falling price of nickel and the dismal economic environment.

  • S&P cuts ratings on Xstrata, warns of cost pressures in ‘09 Dec 15, 2008

    Standard & Poor’s (S&P) has cut ratings for Xstrata Plc and said it expects the sorry state of the global economy and the continued weakness of commodity prices to cut profits and cash flow next year.

  • Alcoa warns of Australia carbon costs Dec 15, 2008

    Alcoa Inc. said that Australia’s proposed carbon emissions cap and trade scheme includes “important and sensible initiatives” but warned that significant cost increases could threaten the company’s Australian business.

  • Cost issue in Australia emissions plan Dec 15, 2008

    Alcoa Inc. said that Australia’s proposed carbon emissions cap and trade scheme includes “important and sensible initiatives” but warned that significant cost increases could threaten the company’s Australian business.

  • Nucor-Yamato sets Jan. wide-flange beam hike Dec 15, 2008

    Nucor-Yamato Steel Co. has initiated a cautious attempt to reverse a recent slide in wide-flange beam prices with a hike that reflects half of an increase in its scrap surcharge.

  • Global lead market surplus narrows to 21,000 tonnes ILZSG Dec 15, 2008

    The global lead market surplus narrowed to 21,000 tonnes in the first 10 months of this year from 25,000 tonnes in the January-September period, according to the International Lead and Zinc Study Group (ILZSG), in stark contrast to a deficit of 69,000 tonnes in the first 10 months of 2007.

  • Global zinc surplus widens to 121,000 tonnes ILZSG Dec 15, 2008

    The global zinc market surplus widened to 121,000 tonnes in the first 10 months of this year from 112,000 tonnes through September and well above a 14,000-tonne surplus in the first 10 months of last year, according to the latest statistics from the International Lead and Zinc Study Group (ILZSG).

  • Copper imbalance to stabilize by ’11 exec Dec 15, 2008

    The current imbalance in the copper market should stabilize by 2011, Jose Pablo Arellano, chief executive officer of Corporacion Nacional del Cobre de Chile (Codelco), told a group of mining subcontractors Monday at a conference in Santiago, Chile.

  • Emal signs $100M equipment contract Dec 15, 2008

    Emirates Aluminium (Emal) has signed a $100-million contract with ECL Group, Ronchin, France, and Kempe Supply Group, Geelong, Victoria, Australia, to supply equipment for its anode rodding plant and hot bath removal at the Taweelah smelter complex in Abu Dhabi.

  • OM Holdings cuts manganese output 30% Dec 15, 2008

    OM Holdings Ltd. is cutting manganese ore production at its Bootu Creek Mine in Australia’s Northern Territory by nearly 30 percent next year in response to the weaker market and “the absence of a transactable market price.”

  • Revett to shut mine if copper stays low Dec 15, 2008

    Revett Minerals Inc. has told employees that it will shutter its Troy copper-silver mine near Libby, Mont., in February if metal prices do not post a significant recovery.

  • Copper imbalance to stabilize by 2011 exec Dec 15, 2008

    The current imbalance in the copper market should stabilize by 2011, Jose Pablo Arellano, chief executive officer of Corporacion Nacional del Cobre de Chile (Codelco), told a group of subcontracted miners at a conference in Santiago, Chile, on Monday.

  • Emal signs $100M equipment contract Dec 15, 2008

    Emirates Aluminium (Emal) has signed a $100-million contract with ECL Group, Ronchin, France, and Kempe Supply Group, Geelong Victoria, Australia, to supply equipment for its Anode Rodding Plant and Hot Bath Removal at the Taweelah smelter complex in Abu Dhabi.

  • Iceland financial woes keep aluminum projects on hold Dec 15, 2008

    The short-term prospects of additional aluminum smelting capacity in Iceland has taken a significant step backwards as the North Atlantic country has been hit extremely hard by the global meltdown of financial markets and falling commodity prices.

  • Revett shutting copper mine if prices don’t improve soon Dec 15, 2008

    Revett Minerals Inc. has told employees that it will shutter its Troy copper-silver mine near Libby, Mont., in February if metal prices do not post a significant recovery.

  • Burlington, PPI seek bankruptcy shelter Dec 12, 2008

    Two more metal manufacturers filed for bankruptcy protection late last week as the weakness in the auto sector and other areas of the economy claimed more victims.

  • Auto bailout fears send copper on wild ride Dec 12, 2008

    Copper ended Friday on a rollercoaster ride, as news of Senate’s rejection of the auto recovery plan sent prices plunging nearly 10 percent before rebounding on word that a slice of the $700-billion Wall Street relief fund might be making its way to Detroit.

  • In a ‘prudent’ move, DNSC shifts sales to prepaid basis Dec 12, 2008

    The Defense National Stockpile Center (DNSC) has temporarily suspended payment terms on all active solicitations, saying it will only award contracts on a prepaid basis.

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