Nonferrous RSS

  • Copper scrap prices continue to slide Dec 05, 2008

    Copper scrap continued its free fall last week as the market remained frozen and primary copper threatened to dip below $3,000 a tonne.

  • Antofagasta completes dam construction Dec 05, 2008

    Antofagasta Plc has completed construction of its Mauro tailings dam, a $600-million project expected to add some 28 years to the life of the company’s Los Pelambres Mine in Chile.

  • Novelis mulls closure of British rolling mill Dec 05, 2008

    Novelis Inc. may close its rolling mill at Rogerstone in the United Kingdom if aluminum demand fails to improve.

  • Xstrata cuts zinc, lead concentrate output by 68,000 tonnes Dec 05, 2008

    Xstrata Plc is cutting zinc and lead concentrate production at its McArthur River Mine in Australia by 68,000 tonnes annually, effective immediately, and laying off more than 200 contractors.

  • LME adds ninth Nasaac location Dec 05, 2008

    The London Metal Exchange has added a ninth city—Mobile, Ala.—to the list of warehouse locations for the North American special aluminum alloy contract (Nasaac).

  • Thompson Creek could become buyer Dec 05, 2008

    Thompson Creek Metals Co. Inc. could use the money saved from indefinitely shelving expansion plans at the Endako Mine in British Columbia to snatch up a small development company at a bargain price, analysts told AMM.

  • Thompson Creek may be mulling buy analysts Dec 05, 2008

    Thompson Creek Metals Co. Inc. could use the money saved from indefinitely shelving expansion plans at the Endako Mine in British Columbia to snatch up a small development company at a bargain price, analysts told AMM.

  • Mexico mining union officials arrested Dec 05, 2008

    Mexican authorities have arrested two senior officials from Mexico’s National Mining and Metalworkers Union in a move that the union condemned as arbitrary and illegal.

  • China mulling cancellation of 15% aluminum export tax Dec 05, 2008

    Rumors are circulating that China might completely cancel its 15-percent tax on exports of aluminum alloys to help struggling smelters, analysts said.

  • Antofagasta completes dam construction Dec 05, 2008

    London-based copper company Antofagasta Plc has completed construction of its Mauro tailings dam, a $600-million project expected to add some 28 years to the life of the company’s Los Pelambres Mine in Chile.

  • Aluminum falls to 4½-year low in dismal mart Dec 04, 2008

    Aluminum prices tumbled another 3.5 percent Thursday to a four-and-a-half-year low as the market expressed concern over rising inventories and an ever-worsening demand outlook in the automotive and construction sectors.

  • Vale cuts may not stem tag decline Dec 04, 2008

    Analysts applauded the move by Brazilian miner Vale on Thursday to curb nickel and copper production at Canadian subsidiary Vale Inco Ltd., but warned the cuts might not go deep enough to stem the continuing decline in prices.

  • Vale cuts may not stem tag decline Dec 04, 2008

    Analysts applauded the move by Brazilian miner Vale on Thursday to curb nickel and copper production at Canadian subsidiary Vale Inco Ltd., but warned the cuts might not go deep enough to stem the continuing decline in prices.

  • Southwire inks pacts with Chinese firm Dec 04, 2008

    Southwire Co. has signed an agreement with China’s Changzhou Jinyuan Copper Co. Ltd. to build a 48-tonne-per-hour copper rod system using the Carrollton, Ga.-based company’s patented Southwire Continuous Rod (SCR) technology. The terms of the agreement were not released. The system, which is slated for commissioning in 2010, is the first of its kind for the Chinese company and will produce rod sizes ranging from 8 millimeters up to 25 millimeters.

  • S&P won’t alter Freeport rating Dec 04, 2008

    Standard & Poor’s Ratings Services won’t downgrade Freeport-McMoRan Copper & Gold Inc.’s rating or outlook at this time due to the massive cost-reduction plan recently announced by the Phoenix-based miner. It includes slashing capital expenditures, halting production and withholding dividends, and is seen by the credit rating company as a necessary action to preserve Freeport’s liquidity.

  • Glencore zinc mines in Tenn., Peru suspend operations Dec 04, 2008

    Swiss trading house Glencore International AG has suspended operations at its 30,000-tonne-per-year Rosaura zinc mine in Peru and will put its 80,000-tonne-per-year zinc mines in east Tennessee on care and maintenance next February.

  • Indonesia ‘unlikely’ to lower tin quota to 60,000 tonnes Dec 04, 2008

    The Indonesian government is unlikely to accept a proposal from Bangka-Belitung province, its tin-producing base, to lower the 2009 tin output quota to between 60,000 and 75,000 tonnes, according to officials and market sources.

  • S&P won’t alter Freeport rating Dec 04, 2008

    Standard & Poor’s Ratings Services won’t downgrade Freeport-McMoRan Copper & Gold Inc.’s rating or outlook at this time due to the massive cost-reduction plan recently announced by the Phoenix-based miner.

  • Southwire inks pacts with Chinese firm Dec 04, 2008

    Southwire Co. has signed an agreement with China’s Changzhou Jinyuan Copper Co. Ltd. to build a 48-tonne-per-hour copper rod system using the Carrollton, Ga.-based company’s patented Southwire Continuous Rod (SCR) technology.

  • Roca Mines idling moly mill,concentrator for 2 weeks Dec 04, 2008

    Roca Mines Inc. will shut down its MAX molybdenum mill and concentrator near Revelstoke, British Columbia, for maintenance from Dec. 12 through Dec. 27.

  • Mexico’s Invecture makes play for Frontera Dec 04, 2008

    Mexican investment firm Invecture Group SA de CV has launched a hostile bid for mid-sized miner Frontera Copper Corp.

  • Belden to reduce work force by 20% amid financial woes Dec 04, 2008

    Specialty wire and cable maker Belden Inc., St. Louis, has announced a large-scale restructuring plan intended to streamline production in an increasingly dismal economic environment.

  • Noranda cuts 338 jobs in restructuring Dec 04, 2008

    Noranda Aluminum Holding Corp. will undergo a company-wide work force and business restructuring aimed at reducing its operating costs, conserving liquidity and improving operating efficiencies.

  • Silicon pricing stable despite softer demand Dec 04, 2008

    Silicon metal demand is soft, especially in the secondary aluminum market, but prices in the United States remain relatively stable due to constricted supply, market observers said.

Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events