Nonferrous

  • Noranda set to slash 338 jobs 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.

  • Belden to reduce work force by 20 percent 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.

  • Mexico’s Invecture in hostile play for Frontera Copper Dec 04, 2008

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

  • US aluminum alloy holdings receive $5.2-million boost Dec 03, 2008

    About $5.2 million worth of A380.1 aluminum alloy, warranted for settling London Metal Exchange transactions, arrived in U.S. warehouses Tuesday.

  • Freeport making drastic cuts amid falling prices Dec 03, 2008

    Citing brutal economic conditions, Freeport-McMoRan Copper & Gold Inc. has announced plans to curtail copper production, suspend dividends and halve its estimated capital expenditures next year.

  • LME copper falls 9% in Nov., Dec. outlook remains grim Dec 03, 2008

    London Metal Exchange copper prices fell for the fifth consecutive month in November, with three-month copper tumbling almost 9 percent and stockpiles climbing to their highest levels since February 2004.

  • Vale lays off 1,300 workers; 5,500 must take paid leave Dec 03, 2008

    Brazilian miner Vale has laid off 1,300 workers and required that another 5,500 workers take paid leave starting this week, a spokeswoman said, confirming press reports.

  • NGK hiking beryllium alloys Jan. 1 Dec 03, 2008

    NGK Metals Corp., a Sweetwater, Tenn.-based producer of beryllium-containing alloys, plans to increase all rod, bar and tube product prices by 6 to 18 percent, effective Jan. 1. The increases are necessary to offset higher operating costs, the company said.

  • Botswana copper project to halt Dec 03, 2008

    African Copper Plc is planning to suspend production at its Mowana copper project in Botswana, just weeks after the company exported its first shipment of copper concentrate in October, according to local media reports.

  • Glencore raising Minara stake to 70% Dec 03, 2008

    Glencore International AG will lift its stake in Australia’s Minara Resources Ltd. above 70 percent later this week when it subscribes to an additional 169.6 million shares as part of the nickel producer’s rights issue.

  • Prevailing copper trend is upwards Petaquilla Dec 03, 2008

    Copper demand will continue to grow according to a 100-year trend when the economic climate returns to normal, according to Petaquilla Minerals Ltd.’s corporate development strategist, Gianni Kovacevic.

  • China set to drop tax on copper tolling Dec 03, 2008

    China’s government has approved in principle the resumption of tax-free tolling of imported copper concentrate, perhaps as early as Jan. 1, according to industry sources. But no official announcements or documents have been released yet.

  • Copper King nears production at Utah mill Dec 03, 2008

    Copper King Mining Corp. is on track to begin production at its Milford, Utah, copper mill and concentrator before the end of this month, with cash flow expected to start as soon as January.

  • Freeport making drastic cuts amid falling prices (UPDATE) Dec 03, 2008

    Citing brutal economic conditions, Freeport-McMoRan Copper & Gold Inc. has announced plans to curtail copper production, suspend dividends and halve its estimated capital expenditures next year.

  • Midwest aluminum premiums slip 2.2% Dec 03, 2008

    Stagnant demand and lower oil prices have softened Midwest aluminum spot premiums slightly but producers and traders readily admit that little spot business is being conducted.

  • Copper King nears production at Utah mill Dec 03, 2008

    Copper King Mining Corp. is on track to begin production at its Milford, Utah, copper mill and concentrator before the end of this month, with cash flow expected to start as soon as January.

  • NGK hiking beryllium alloys Jan. 1 Dec 03, 2008

    NGK Metals Corp., a Sweetwater, Tenn.-based producer of beryllium-containing alloys, plans to increase all rod, bar and tube product prices by 6 to 18 percent, effective Jan. 1. The increase is necessary to offset higher costs of operations, the company said.

  • Midwest aluminum premiums slip 2.2% Dec 03, 2008

    Stagnant demand and lower oil prices have softened Midwest aluminum spot premiums slightly but producers and traders readily admit that little spot business is being conducted.

  • Freeport makings drastic cuts amid falling metal prices Dec 03, 2008

    Citing brutal economic conditions, Freeport-McMoRan Copper & Gold Inc. has announced plans to curtail copper production, suspend dividends and halve its estimated capital expenditures next year.

  • Norilsk pegs ’09 nickel low at $9,400/T Dec 02, 2008

    MMC Norilsk Nickel expects nickel prices to fall to “no less than” $9,400 per tonne next year as miners continue to cut production to keep prices afloat in the face of diminishing demand, company executives said during a conference call.

  • Norilsk pegs ’09 nickel low at $9,400/T Dec 02, 2008

    MMC Norilsk Nickel expects nickel prices to fall to “no less than” $9,400 per tonne next year as miners continue to cut production to keep prices afloat in the face of diminishing demand, company executives said during a conference call.

  • Aleris shutters secondary aluminum plant in Indiana Dec 02, 2008

    Aleris International Inc. has permanently closed its Tipton, Ind., specification alloys plant.

  • Rea Magnet Wire drops energy, chemical charge Dec 02, 2008

    Rea Magnet Wire Co. Inc. will suspend its energy and chemical surcharge for the first quarter of 2009 as it waits to see if input costs continue to stabilize in the new year.

  • Rea Magnet Wire suspending energy, chemical surcharge Dec 02, 2008

    Rea Magnet Wire Co. Inc. will suspend its energy and chemical surcharge for the first quarter of 2009 as it waits to see if input costs continue to stabilize in the new year.

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