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Aluminum producers Kaiser Aluminum Corp. and Sapa Extrusions North America have separately announced that due to the drop in the monthly average aluminum price, they will pass along a prior month Midwest metal price decrease for soft alloy extrusion products of 4.7 cents per pound, which reflects the change in the November average transaction price.
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The fiercely debated currency bill that has flared tempers from Capitol Hill to Beijing but has yet to make its way through the House may pack a lot less wallop than thought.
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Kaiser Aluminum Corp. and Sapa Extrusions North America will pass along a prior month Midwest metal price decrease for soft alloy extrusion products of 4.7 cents per pound, which reflects the change in the November average transaction price.
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Capstone Mining Corp. might consider making an acquisition if the right opportunity presents itself, vice president of investor relations Cindy Burnett told AMM.
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Nickel and tin were the only base metals to settle above their opening prices in Monday’s official session on the London Metal Exchange, as the others fell on thin trading ahead of an EU summit on December 9.
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All Select copper trades on the London Metal Exchange were cancelled between 1.00 GMT and 1.00.10 GMT on Monday December 5 because of what the exchange called an erroneous order.
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Copper prices fell back through $8,000 per tonne in pre-market trading on the London Metal Exchange on Monday December 5, in a quiet market ahead of an EU summit later this week.
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Indium prices fell further on Friday December 2 as weak demand in end-use markets continued to put pressure on spot sales of metal, market sources told Metal Bulletin.
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Processed aluminium consumption in Brazil is expected to increase 9.3% year-on-year to reach 1.42 million tonnes, up from 1.29 million tonnes in 2010, according to the local aluminium association, Abal.
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Shanghai Futures Exchange copper prices recorded a small gain on Monday as opinions diverge on future economic outlook.
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Philippines miner Marcventures Mining and Development Corp (MMDC) is to sell 3 million wet metric tonnnes (wmt) of nickel laterite ore to Dunfeng International (Phils) Inc for export to China.
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China’s cobalt concentrate market remains stalled, with no smelters showing any sign of buying raw material at the moment.
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Tunxsten Resources Inc. has signed a letter of intent with Sultan Minerals Inc., granting Tunxsten the right to acquire up to 65 percent of Sultan’s Jersey Emerald property in British Columbia.
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Domestic high-carbon ferrochrome prices continue to fall, but market participants see a bottom to the market as current prices remain at production cost for some producers.
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Ormet Corp., despite recording a third-quarter net loss, saw net income for the first nine months of 2011 increase elevenfold from the same period last year, which it attributed to the sale of property in Louisiana, as well as strong sales and shipments.
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Contract talks in the ferroalloys market are in full swing in the early days of December after this year’s negotiations started later than usual.
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Ormet Corp. has signed a three-year supply agreement with Glencore International Plc under which the big trading house will buy a "significant portion" of its aluminum starting in April 2012.
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Ferrosilicon prices have come under pressure as a large overseas producer has started selling significant volumes of material into the U.S. market, sources told AMM.
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Junior tungsten miner Malaga Inc. has appointed Pierre Monet as its new chief executive officer, the company said Friday.
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The Metals Service Center Institute (MSCI) foray into red metals has some market participants wondering whether the trade group will push out the more than 60-year-old Copper and Brass Servicenter Association (CBSA).
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The United States’ seven largest automakers sold a total of 848,123 vehicles in November, up 13.4 percent from the same month last year but down 3 percent from October.
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Silicon prices have softened amid a seasonal slowdown in demand and concerns surrounding the evolving debt crisis in Europe, supplier sources told AMM.
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Africa could do more to reap the benefits of the commodity price boom, which it has so far failed to do, according to a report compiled by the International Study Group for the United Nations Economic Commission for Africa (Uneca).
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Thompson Creek Metals Co. Inc. likely will sell forward more gold produced at its Mount Milligan copper-gold mine to cover a funding shortfall caused by expiring warrants, falling molybdenum prices and rising project costs.