Nonferrous RSS

  • LME copper soars to 2009 high on heavy fund buying Dec 02, 2009

    Copper jumped to a fresh 2009 high on the London Metal Exchange Wednesday, propelled by fund buying.

  • Nickel premiums slip in slow market Dec 02, 2009

    The U.S. spot nickel market looks set to remain slow through year-end as consumers ink annual contracts and trim inventories, but January is likely to be a busy month for spot buying, market participants said.

  • US aluminum premiums soar above 3-year high Dec 02, 2009

    North American spot aluminum premiums continue to climb, nearing 39-month highs in post-Thanksgiving trading as the physical market tightens.

  • Revere Copper plans 6% hike Dec 02, 2009

    Revere Copper Products Inc. is increasing fabrication prices by 6 percent on all copper and copper alloy product orders placed on or after Jan. 4, 2010.

  • ATI, Spirit AeroSystems ink five-year supply agreement Dec 02, 2009

    Allegheny Technologies Inc. (ATI), aiming to boost its profile in the commercial airframe market, has signed a five-year agreement to supply first-tier subcontractor Spirit AeroSystems Inc. with flat-rolled nickel-based alloy and superalloy products.

  • Revere Copper plans 6% fabrication price hike Dec 02, 2009

    Revere Copper Products Inc. is increasing fabrication prices by 6 percent on all copper and copper alloy product orders placed on or after Jan. 4, 2010.

  • ATI, Spirit AeroSystems ink five-year supply agreement Dec 02, 2009

    Allegheny Technologies Inc. (ATI), aiming to boost its profile in the commercial airframe market, has signed a five-year agreement to supply first-tier subcontractor Spirit AeroSystems Inc. with flat-rolled nickel-based alloy and superalloy products.

  • Nickel premiums slip in slow market Dec 02, 2009

    The U.S. spot nickel market looks set to remain slow through year-end as consumers ink annual contracts and trim inventories, but January is likely to be a busy month for spot buying, market participants said.

  • Siemens inks settlement with Alcoa's Kleinfeld, five other former board members Dec 02, 2009

    Siemens AG said it has reached a settlement with six former board members, including Alcoa Inc. president and chief executive officer Klaus Kleinfeld and former Siemens chief executive Heinrich von Pierer, who it claims were involved or complicit in a widespread corruption scandal between 2003 and 2006.

  • Base metal prices rally, but industry players question whether it will last Dec 01, 2009

    Base metals jolted back to life in Tuesday trading on the back of a weaker U.S. dollar and a slew of positive economic data, but some market insiders said a year-end correction might still be in store for the industrial metals complex.

  • Hussey Copper planning 6% hike Dec 01, 2009

    Hussey Copper Ltd. will implement a 6-percent price increase for all copper and copper alloy product orders placed on or after Jan. 4, 2010.

  • Hussey follows plan to boost copper products 6% on Jan. 4 Dec 01, 2009

    Hussey Copper Ltd. will implement a 6-percent price increase for all copper and copper alloy product orders placed on or after Jan. 4, 2010.

  • SCM increases products 3.5 cents/lb. Dec 01, 2009

    Aluminum extruder Service Center Metals LLC (SCM) has increased prices for all products by 3.5 cents per pound.

  • First Quantum gives ‘go’ to Finnish site Dec 01, 2009

    First Quantum Minerals Ltd. said its board of directors has approved the development of the $400-million Kevitsa nickel-copper-platinum group element project in northern Finland.

  • Arch Aluminum files for Chapter 11, announces recovery plan Dec 01, 2009

    Arch Aluminum & Glass Co. Inc. has announced plans to pull itself out of bankruptcy just five days after initiating the filing.

  • First Quantum Minerals gives 'go' to Finnish nickel project Dec 01, 2009

    First Quantum Minerals Ltd. said its board of directors has approved the development of the $400-million Kevitsa nickel-copper-platinum group element project in northern Finland.

  • Aluminum extruder SCM increases product prices 3.5 cents per lb. Dec 01, 2009

    Aluminum extruder Service Center Metals LLC (SCM) has increased prices for all products by 3.5 cents per pound.

  • Codelco wins $200M loan from Canadian government Dec 01, 2009

    Corporacion Nacional del Cobre de Chile (Codelco), the world’s largest copper producer, has received a $200-million loan from the Canadian government to purchase Canadian equipment, technology and services.

  • Japan’s Sojitz to buy 25% of Taseko’s Gibraltar Mine Dec 01, 2009

    Taseko Mines Ltd. has agreed to sell a 25-percent stake in its Gibraltar copper and molybdenum mine in British Columbia to Japanese trading house Sojitz Corp. for about Canadian $180 million ($170.4 million).

  • Rio fails to sell Alcan Engineered Products Cable Dec 01, 2009

    Rio Tinto’s deal to sell a majority stake in its Alcan Engineered Products Cable division to Platinum Equity LLC has fallen through. “The sale has been terminated in accordance with the terms of the sale and purchase agreement,” Rio Tinto said on Tuesday, offering no further details.

  • Chilean copper producer Codelco wins $200M loan from Canadian government Dec 01, 2009

    Corporacion Nacional del Cobre de Chile (Codelco), the world’s largest copper producer, has received a $200-million loan from the Canadian government to purchase Canadian equipment, technology and services.

  • Japan’s Sojitz to buy 25% of Taseko’s Gibraltar mine Nov 30, 2009

    Taseko Mines Ltd. has agreed to sell a 25-percent stake in its Gibraltar copper and molybdenum mine in British Columbia to Japanese trading house Sojitz Corp. for about Canadian $180 million ($170.4 million).

  • Copper mart shrugs off Dubai worries Nov 30, 2009

    Copper futures recovered from last week’s losses on the London Metal Exchange as the market brushed aside threats of a Dubai default and a weaker dollar helped refuel the red metal rally.

  • Global Brass sets 6% increase Nov 30, 2009

    Global Brass & Copper Inc. (GBC), which sells metal products under the Olin Brass brand name, has announced a 6-percent price increase on all copper alloys effective with orders Jan. 4, 2010.

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