Nonferrous

• Antimony, indium prices ease down Nov 02, 2009

  After racing up to near one-year highs, antimony and indium prices have throttled back as hesitant buyers hold out for cheaper material.

• U.S. Antimony signs Mexico supply deal Nov 02, 2009

  U.S. Antimony Corp. has signed an exclusive supply agreement with the owner of the Soyatal antimony district in Queretaro, Mexico, to provide material for the company’s recently commissioned smelter in Coahuila.

• Inmet Mining names Tilk as chief executive officer Nov 02, 2009

  Inmet Mining Corp. has announced that Jochen Tilk, president and chief operating officer, has been appointed chief executive officer, taking over from Richard Ross, who is retiring after more than 20 years with the Toronto-based copper-zinc-gold miner

• Grupo Mexico, SCC labor woes costing investors billions, USW says Nov 02, 2009

  The United Steelworkers union, in a letter to investors of Grupo Mexico SA de CV and its Southern Copper Corp. (SCC) subsidiary, alleges that the companies’ mismanagement of labor relations has cost shareholders more than $2 billion in operating income.

• Ferrovanadium tags drift, but few alarmed Nov 02, 2009

  The market is generally accepting lower spot ferrovanadium prices due to little consumer buying, although most participants are guardedly optimistic that there will be a gradual demand recovery in 2010.

• Kaiser eyeing M&As after $23M gain Oct 30, 2009

  After posting net income of $23 million in a difficult third quarter, Kaiser Aluminum Corp.’s top executive said he feels “more comfortable” taking a fresh look at merger and acquisition opportunities within the industry.

• Kaiser Aluminum eyeing M&As after logging $23M quarterly gain [UPDATE] Oct 30, 2009

  After posting net income of $23 million in a difficult third quarter, Kaiser Aluminum Corp.’s top executive said he feels “more comfortable” taking a fresh look at merger and acquisition opportunities within the industry.

• Alcoa set to close Virginia wheel facility Oct 30, 2009

  Alcoa Inc. has announced plans to close its wheel and forged products manufacturing facility in Lebanon, Va., by the end of January, due to ongoing weakness in the automotive sector.

• Alcoa partners with Russia, Chinese firms Oct 30, 2009

  Alcoa Inc. has teamed up with two foreign companies to explore new applications for aluminum in the aerospace and nanotechnology sectors.

• Rio Tinto Alcan is pledging discipline, plans no restarts Oct 30, 2009

  Although both macro and anecdotal data point toward an emerging recovery in the aluminum sector, Rio Tinto Alcan said it has no plans to restart smelting capacity in the near term.

• CME metal trading volumes fall Oct 30, 2009

  CME Group Inc. logged a 24.2-percent drop in metal contract volumes in the third quarter.

• Lundin swings to $3.7M profit in 3d quarter Oct 30, 2009

  Lundin Mining Corp. posted third-quarter net income of $3.7 million in contrast to a net loss of $199 million in the same quarter last year.

• Brush posts slight profit in third quarter Oct 30, 2009

  Brush Engineered Materials reported improvement across most of its consumer end-markets in the third quarter but said that demand from the industrial and defense sectors continues to lag.

• Rio Tinto reshuffles exec posts in copper Oct 30, 2009

  Rio Tinto has shaken up the management of its copper operations, with Kennecott Utah Copper Corp.’s top executive Andrew Harding being appointed as head of company’s global copper group.

• HudBay restarting mine on higher tags Oct 30, 2009

  Rallying zinc prices have prompted HudBay Minerals Inc. to restart operations at its Chisel North mine and concentrator in Snow Lake, Manitoba, with full production expected in the second quarter of 2010.

• Rio Tinto Alcan pledges discipline, plans no major aluminum smelter restarts Oct 30, 2009

  Although both macro and anecdotal data point toward an emerging recovery in the aluminum sector, Rio Tinto Alcan said it has no plans to restart smelting capacity in the near term.

• Economy, volatile lead prices worry battery makers Oct 30, 2009

  Rising unemployment and the slow pace of economic recovery are worrying lead-acid battery makers as much as the challenges of managing volatile lead prices.

• Alcoa signs partnership deals in aerospace, nanotechnology Oct 30, 2009

  Alcoa Inc. has teamed up with two foreign companies to explore new applications for aluminum in the aerospace and nanotechnology sectors.

• Alcoa to close Virginia wheel facility Oct 30, 2009

  Alcoa Inc. has announced plans to close its wheel and forged products manufacturing facility in Lebanon, Va., by the end of January, due to ongoing weakness in the automotive sector.

• Rio Tinto reshuffles exec posts in copper Oct 30, 2009

  Rio Tinto has shaken up the management of its copper operations, with Kennecott Utah Copper Corp.’s top executive Andrew Harding being appointed as head of company’s global copper group.

• Brush posts slight profit in third quarter Oct 30, 2009

  Specialty alloy producer Brush Engineered Materials Inc. reported improvement across most of its consumer end-markets in the third quarter but said that demand from the industrial and defense sectors continues to lag.

• Rising zinc prices warrant Chisel North restart: HudBay Oct 30, 2009

  Rallying zinc prices have prompted HudBay Minerals Inc. to restart operations at its Chisel North mine and concentrator in Snow Lake, Manitoba, with full production expected in the second quarter of 2010.

• Teck’s 3d-qtr. net jumps 43.6% on better copper earnings Oct 29, 2009

  Teck Resources Ltd., Canada’s biggest base metals miner, reported a 43.6-percent jump in net income to Canadian $609 million ($570.6 million) in the third quarter from C$424 million in the same period last year, thanks largely to better copper earnings.

• Lundin swings to $3.7M profit in 3d quarter Oct 29, 2009

  Lundin Mining Corp. reported third-quarter net income of $3.7 million, in contrast to a net loss of $199 million in the same quarter last year.