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Ormet Corp. has laid off about 60 of the 100 workers it previously announced it would let go from its Hannibal, Ohio, smelter due to lower production rates at the facility.
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The Chinese aluminum industry has restarted as much as 4 million tonnes of smelting capacity since bottoming out in March, but big-name players in the global aluminum sector say they aren’t concerned.
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U.S. ferrosilicon prices have eased on weak demand and cautious forward buying.
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General Moly Inc. is eyeing a late-2010 date to restart construction at the Mount Hope molybdenum project in Eureka County, Nev.
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In its first full quarter since the loss of a major General Motors Co. supply contract, platinum-palladium miner Stillwater Mining Co. continued to post profits at the hands of restructuring efforts and rising metal prices.
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Lower volumes and prices led Titanium Metals Corp. (Timet) to a 97.4-percent drop in third-quarter net income on sales that fell 38.6 percent.
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Molybdenum producer Thompson Creek Metals Co. Inc. has increased its production projections for 2010, citing increased optimism from its customer base.
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Ormet Corp. posted net income of $28.6 million in the third quarter in contrast to a net loss of $7.6 million in the same period last year, on net sales from continuing operations of $87.2 million, down 31.7 percent from $127.6 million due to lower aluminum output.
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The Supreme Court of Canada will hear an appeal by aluminum producer Rio Tinto Alcan over a multibillion-dollar power deal that is stalled because a native group said it was not consulted in the planning.
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Copper futures held firm Friday despite a bigger-than-expected rise in U.S. unemployment figures.
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Copper futures held firm Friday despite a bigger-than-expected rise in U.S. unemployment figures.
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Noranda Aluminum Holding Corp. said Friday its Jamaican bauxite operation will be producing at full capacity at the end of the year, despite reiterating as recently as last month that output would be no more than 75 to 80 percent of capacity through 2009.
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Globe Speciality Metals Inc.’s deal to sell interests in two silicon metal plants to Dow Corning Corp. could tighten the spot market on both sides of the Atlantic, sources said.
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Globe Speciality Metals Inc.’s deal to sell interests in two silicon metal plants to Dow Corning Corp. could tighten the spot market on both sides of the Atlantic, sources said.
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Noranda Aluminum Holding Corp. said Friday its Jamaican bauxite operation will be producing at full capacity at the end of the year, despite reiterating as recently as last month that output would be no more than 75 to 80 percent of capacity through 2009.
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West Indies Alumina Co. (Windalco) is unlikely to restart alumina output for another two years as it extended talks to have redundancy packages given to members, Vincent Morrison, president of Jamaica’s National Workers Union, said.
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Fortune Minerals Ltd. has selected a site near Saskatoon, Saskatchewan, to build a new hydrometallurgical processing plant that will process some 80,000 tonnes of concentrate annually.
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The U.S. Defense National Stockpile Center collected about $1.7 million in October from the sale of ferrochrome, chromium and beryllium under its basic ordering agreement program.
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Alcoa Inc. has been awarded $13 million in federal stimulus money to upgrade equipment at its Tapoco Cheoah hydroelectric power plant near Robbinsville, N.C.
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Former General Motors Corp. aluminum trader Daniel Bealko has pled guilty to a kickback scheme involving bulk aluminum sales that cost the automaker more than $80 million.
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A tightening of the North American aluminum spot market has sent premiums to a more than three-year high.
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Globe Speciality Metals Inc.’s deal to sell interests in two silicon metal plants to Dow Corning Corp. could tighten the spot market on both sides of the Atlantic, sources said.
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OM Group Inc.’s net income plunged nearly 80 percent in the third quarter amid falling prices for cobalt-containing products and lower sales volumes resulting from the economic downturn. However, the company sees improving demand in the battery and electronic markets.
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Alcoa Inc. has been awarded $13 million in federal stimulus money to upgrade equipment at its Tapoco Cheoah hydroelectric power plant near Robbinsville, N.C.