Nonferrous RSS

  • Correction: Kaiser, Sapa cut alloy extrusions Dec 05, 2011

    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.

  • China currency bill misunderstood: trade lawyers Dec 05, 2011

    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.

  • Kaiser, Sapa cut alloy extrusions -- UPDATE Dec 05, 2011

    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.

  • Capstone Mining mulls acquisition opportunities Dec 05, 2011

    Capstone Mining Corp. might consider making an acquisition if the right opportunity presents itself, vice president of investor relations Cindy Burnett told AMM.

  • Base metals fall in LME official session on thin trading Dec 05, 2011

    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.

  • LME Select copper trades cancelled on 'erroneous' order to buy at $8,015 Dec 05, 2011

    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.

  • Copper price falls through $8,000 per tonne in quiet LME pre-market trading Dec 05, 2011

    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.

  • Indium prices fall again amid weak end-use market outlook Dec 05, 2011

    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.

  • Brazil’s processed aluminium consumption to rise 9.3% in 2011 Dec 05, 2011

    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.

  • Shanghai copper up 0.6% as outlook remains cautious Dec 05, 2011

    Shanghai Futures Exchange copper prices recorded a small gain on Monday as opinions diverge on future economic outlook.

  • Marcventures in nickel ore supply deal with China's Dunfeng Dec 05, 2011

    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.

  • China cobalt concentrate market remains deadlocked Dec 05, 2011

    China’s cobalt concentrate market remains stalled, with no smelters showing any sign of buying raw material at the moment.

  • Tunxsten in Sultan property deal Dec 02, 2011

    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.

  • High-carbon ferrochrome tags fall, but bottom seen Dec 02, 2011

    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.

  • Ormet logs loss in qtr. but 9-mo. net soars Dec 02, 2011

    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.

  • Ferroalloys contract talks in full swing Dec 02, 2011

    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.

  • Ormet, Glencore ink three-year supply agreement Dec 02, 2011

    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.

  • Ferrosilicon tags fall on low-priced imports Dec 02, 2011

    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.

  • Malaga's Monet adds chief executive title Dec 02, 2011

    Junior tungsten miner Malaga Inc. has appointed Pierre Monet as its new chief executive officer, the company said Friday.

  • New MSCI division may impact CBSA Dec 02, 2011

    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).

  • Automakers post solid November sales Dec 02, 2011

    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.

  • Silicon tags fall on European uncertainty Dec 02, 2011

    Silicon prices have softened amid a seasonal slowdown in demand and concerns surrounding the evolving debt crisis in Europe, supplier sources told AMM.

  • African countries must adjust taxes, policies to reap boom benefits – report Dec 02, 2011

    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).

  • Thompson Creek to sell off more gold to cover funding shortfall Dec 02, 2011

    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.

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