Nonferrous RSS

  • Ormet lays off 60 smelter workers on lower output Nov 09, 2009

    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.

  • Rising Chinese aluminum output not seen as threat Nov 09, 2009

    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.

  • US ferrosilicon prices slip on weak demand Nov 09, 2009

    U.S. ferrosilicon prices have eased on weak demand and cautious forward buying.

  • General Moly looks to late-2010 Mt. Hope restart Nov 09, 2009

    General Moly Inc. is eyeing a late-2010 date to restart construction at the Mount Hope molybdenum project in Eureka County, Nev.

  • Stillwater sees net income rise in 3d qtr. despite loss of GM contract Nov 09, 2009

    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.

  • Timet’s near-term demand view clouded; net slumps Nov 09, 2009

    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.

  • Thompson Creek to crank up moly output Nov 09, 2009

    Molybdenum producer Thompson Creek Metals Co. Inc. has increased its production projections for 2010, citing increased optimism from its customer base.

  • Ormet posts earnings of $28.6M in 3d qtr. Nov 09, 2009

    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.

  • Canada’s top court to hear Alcan appeal in power case Nov 09, 2009

    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.

  • Base metal tags hold despite job woes Nov 06, 2009

    Copper futures held firm Friday despite a bigger-than-expected rise in U.S. unemployment figures.

  • Base metal prices hold despite job woes Nov 06, 2009

    Copper futures held firm Friday despite a bigger-than-expected rise in U.S. unemployment figures.

  • Noranda set to move to full output at bauxite operation Nov 06, 2009

    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.

  • Globe asset sale could squeeze silicon Nov 06, 2009

    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.

  • Globe asset sale agreement could put squeeze on silicon metal market Nov 06, 2009

    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.

  • Noranda set to move to full output at Jamaican bauxite operation Nov 06, 2009

    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.

  • No sign of restart at Windalco Nov 06, 2009

    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.

  • Fortune picks Saskatchewan site Nov 06, 2009

    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.

  • DNSC nets $1.7M in Oct. sales Nov 06, 2009

    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.

  • Alcoa awarded $13M in stimulus funds Nov 06, 2009

    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.

  • Former GM aluminum trader pleads guilty on two counts Nov 06, 2009

    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.

  • US aluminum premiums jump to 3-year high in tightening market Nov 06, 2009

    A tightening of the North American aluminum spot market has sent premiums to a more than three-year high.

  • Globe asset sale could squeeze silicon spot market Nov 06, 2009

    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.

  • OM Group upbeat on demand pickup as 3d-qtr. net slides nearly 80% Nov 06, 2009

    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.

  • Alcoa awarded $13M in stimulus funds Nov 06, 2009

    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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