Nonferrous

  • LME launching Asian benchmarks in January Nov 18, 2010

    The London Metal Exchange will launch Asian benchmark prices for copper, aluminum and zinc in January 2011, the exchange said Thursday.

  • Glencore profits spike 45 percent in third quarter on higher prices Nov 18, 2010

    Glencore International AG’s net income rose 45 percent in the third quarter due to stronger commodity prices and better margins, AMM sister publication Metal Bulletin understands.

  • Mongolia the ‘next Chile,’ Friedland says Nov 18, 2010

    Mongolia will be the next powerhouse in the global copper mining industry, surpassing even Chile in the scale and efficiencies of projects, according to Robert M. Friedland, founder and executive chairman of Ivanhoe Mines Ltd.

  • Hydro not restarting idled capacity yet, Arentz says Nov 18, 2010

    Norsk Hydro ASA won’t bring back production capacity idled during the financial crisis anytime soon even though it has seen “robust demand” for aluminum this year, Jørgen C. Arentz, the Norwegian company’s executive vice president and chief financial officer, said at the Dahlman Rose & Co. Global Metals, Mining and Materials conference in New York.

  • Kaiser stands by decision to exit upstream Nov 18, 2010

    Kaiser Aluminum Corp.’s earlier decision to divest more upstream assets and commoditized product lines in favor of semi-fabricated aluminum products has been a key factor in the company’s ability to weather the economic downturn, according to Jack Hockema, the company’s chairman, president and chief executive officer.

  • Mongolia the 'next Chile,' Ivanhoe's Friedland says Nov 18, 2010

    Mongolia will be the next powerhouse in the global copper mining industry, surpassing even Chile in the scale and efficiencies of projects, according to Robert M. Friedland, founder and executive chairman of Ivanhoe Mines Ltd.

  • Metallurg builds vanadium storage facility in Ohio Nov 18, 2010

    Metallurg Vanadium Corp. has built a $6-million, 43,000-square-foot storage facility at its manufacturing plant in Cambridge, Ohio, to increase vanadium production, the company said in a statement.

  • Norsk Hydro not restarting idled capacity yet, Arentz says Nov 18, 2010

    Norsk Hydro ASA won’t bring back production capacity idled during the financial crisis anytime soon even though it has seen “robust demand” for aluminum this year, Jørgen C. Arentz, the Norwegian company’s executive vice president and chief financial officer, said at the Dahlman Rose & Co. Global Metals, Mining and Materials conference in New York.

  • Kaiser Aluminum stands by decision to exit upstream operations Nov 18, 2010

    Kaiser Aluminum Corp.’s earlier decision to divest more upstream assets and commoditized product lines in favor of semi-fabricated aluminum products has been a key factor in the company’s ability to weather the economic downturn, according to Jack Hockema, the company’s chairman, president and chief executive officer.

  • US nickel premiums slide ahead of 2011 contracts Nov 17, 2010

    Nickel premiums continue to fall as market participants focus on concluding contract negotiations for next year amid continued pressure from the end of the year-long strike at Vale SA’s nickel operations in Sudbury, Ontario, market sources told AMM.

  • Zinc, lead surpluses narrow in Jan-Sept ILZSG Nov 17, 2010

    Surpluses in the global zinc and lead markets narrowed in the first nine months of the year, according to data from the International Lead and Zinc Study Group (ILZSG).

  • Zinc, lead surpluses narrow in Jan-Sept ILZSG Nov 17, 2010

    Surpluses in the global zinc and lead markets narrowed in the first nine months of the year, according to data from the International Lead and Zinc Study Group (ILZSG).

  • Jackson rolling mill slated for sale Nov 17, 2010

    The former JW Aluminum Co. rolling mill in Jackson, Tenn., will hit the auction block later this month, but market players—including the previous owners—don’t expect any potential buyer to actually operate the aging facility.

  • Jackson rolling mill slated for sale Nov 17, 2010

    The former JW Aluminum Co. rolling mill in Jackson, Tenn., will hit the auction block later this month, but market players—including the previous owners—don’t expect any potential buyer to actually operate the aging facility.

  • Noranda sells shares to cut debt Nov 17, 2010

    Noranda Aluminum Holding Corp. is gearing up for a secondary stock sale as it looks to further cut its $533.1 million debt.

  • Noranda selling more shares to cut debt Nov 17, 2010

    Noranda Aluminum Holding Corp. is gearing up for a secondary stock sale as it looks to further cut its $533.1 million debt.

  • JW seeks up to 7-percent growth via diversified product mix Nov 17, 2010

    Rolled products manufacturer JW Aluminum Co. plans to further diversify its product mix in 2011 in an effort to log a 6- to 7-percent year-on-year growth in sales, company executives told AMM.

  • Molycorp to double rare earths output Nov 17, 2010

    Molycorp Minerals LLC plans to double its rare earths production scope beyond its original 20,000-tonne-per-year goal, executives said during the company’s first earnings call since its initial public offering (IPO) in July.

  • JW Aluminum seeks up to 7% growth in 2011 via diversified product mix Nov 17, 2010

    Rolled products manufacturer JW Aluminum Co. plans to further diversify its product mix in 2011 in an effort to log a 6- to 7-percent year-on-year growth in sales, company executives told AMM.

  • Collahuasi denies 40-percent loss in production due to strike Nov 17, 2010

    Cia. Minera Dona Ines de Collahuasi SCM (Collahuasi), Chile’s third-largest copper producer, denied it has been operating at around 40 percent of installed capacity and that it has lost some 10,000 tonnes of refined output so far due to an ongoing strike by unionized workers.

  • Copper expansions pose a challenge Albanese Nov 17, 2010

    Declining ore grades at existing copper mines and sociopolitical tensions at new sites will make boosting output a challenge, Rio Tinto Plc’s top executive said—even as near-record copper tags make the red metal an attractive opportunity.

  • Hartland to head Noranda’s upstream unit Nov 17, 2010

    Noranda Aluminum Holding Corp. has named Peter J. Hartland president of the company’s upstream business unit, effective Dec. 6.

  • Copper expansions pose a challenge Albanese Nov 17, 2010

    Declining ore grades at existing copper mines and sociopolitical tensions at new sites will make increasing production a challenge, Rio Tinto Plc’s top executive said—even as near-record copper prices make the red metal an attractive opportunity.

  • Noranda taps Hartland to head upstream business in management rejig Nov 17, 2010

    Noranda Aluminum Holding Corp. has named Peter J. Hartland president of the company’s upstream business unit, effective Dec. 6.

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