Nonferrous

• Aluminium and nickel prices slide in LME officials Nov 29, 2011

  Aluminium and nickel faltered in Tuesday’s official trading on the London Metal Exchange as already-weak economic sentiment deteriorated on news that American Airlines has filed for bankruptcy

• MEIR ON METALS: Markets quiet as Europeans go back to drawing board Nov 29, 2011

  Analyst Ed Meir looks at what is moving the metal markets on November 29.

• HCM see zinc at $2,100 in 2012, expects softer coke market Nov 29, 2011

  Polish zinc and lead producer HCM is using a base zinc price of $2,100 per tonne for its 2012 budget, and is also forecasting weaker coke prices as the European steel industry softens.

• HCM to list zinc brand with LME ahead of output overhaul Nov 29, 2011

  Huta Cynku “Miasteczko Slaskie” (HCM) has applied to register its 4N5 special high grade (SHG) zinc brand with the London Metal Exchange, commercial director Marek Drosik told Metal Bulletin.

• Aluminium prices founder as nearby spreads fluctuate Nov 29, 2011

  Aluminium fell back from a strong open in Tuesday’s pre-market trading on the London Metal Exchange as the nearby spreads continued to fluctuate between backwardation and contango.

• Ban under threat as more Bangka tin smelters plan exports [UPDATE] Nov 29, 2011

  Three more tin smelters in Bangka will export tin this week, in a move that calls into question whether Indonesia's two-month self-imposed tin export is sustainable, Metal Bulletin has learned.

• Taigang revises ferro-chrome price after failed bid Nov 29, 2011

  Taigang Stainless Steel raised its ferro-chrome bid price by 300 yuan ($47) on Monday after an earlier offer failed to draw suppliers

• LME ASIAN WRAP: Copper drops below $7,400 Nov 29, 2011

  Copper fell in early Asian trading on the London Metal Exchange on Tuesday despite rising speculation that eurozone leaders are taking steps to tackle the region's debt crisis

• Correnti firm signs early rebar sales Nov 28, 2011

  Clean Tech Silicon & Bar LLC, a start-up silicon and rebar producer chaired by John Correnti, has already signed memorandums of intent to sell some 100,000 tons of its proposed 370,000-ton-a-year rebar output, a company executive told AMM.

• Auto suppliers optimistic in 2012 sector outlook Nov 28, 2011

  The outlook for automotive suppliers has brightened during the past two months, and three-fourths of companies plan to invest in plants and equipment next year, according to a survey by the Original Equipment Suppliers Association.

• Ti scrap price falls further at Boeing auction Nov 28, 2011

  A benchmark titanium scrap auction reflected continuing deterioration in prices as most market sources now look to the new year for signs of relief.

• Vale plans to invest $1.37B in Canada operations Nov 28, 2011

  Brazilian miner Vale SA plans to spend $1.37 billion on its Canadian nickel operations in 2012.

• Pathe to replace Delaney at Sherritt Nov 28, 2011

  David V. Pathe will take over as Sherritt International Corp.’s chief executive officer from the retiring Ian W. Delaney effective Jan. 1, the company said in a statement.

• Vale's board OKs management reshuffle Nov 28, 2011

  Vale SA’s board of directors has approved a reorganization of its executive board that will make Peter Poppinga the new head of the company’s base metals division, the company said in a statement.

• CLOSE TO CLOSE: Copper prices add 3.7% in a day Nov 28, 2011

  Copper added 3.7% in Monday’s kerb trading on the London Metal Exchange compared with its previous close, after clawing back official losses to close safely back above its opening level.

• MEIR ON METALS: Markets rally on hopes for European action Nov 28, 2011

  Markets have taken a far more positive turn at the start of this week on early reports out of Italy that the IMF is preparing a €600 billion loan for the country.

• Côté’s new Rio Tinto Alcan will be best for bauxite Nov 28, 2011

  Rio Tinto Alcan, once it has divested the 13 assets it put up for sale in October, will occupy the “best bauxite position in the industry”, ceo Jacynthe Côté said at Rio’s investor seminar in Sydney on Monday.

• ITA corrects ruling on imports of folding metal tables, chairs Nov 28, 2011

  The Commerce Department’s International Trade Administration (ITA) has corrected the language in the final results of an anti-dumping duty administrative review of folding metal tables and chairs from China.

• GeoProMining antimony production up 74% Nov 28, 2011

  GeoProMining produced 2,643 tonnes of antimony in the first half of 2011, up 74% compared with the corresponding period last year, the company announced on Monday.

• Aluminium prices hold in risk-on LME officials Nov 28, 2011

  Aluminium held firm in Monday’s official trading on the London Metal Exchange as renewed risk appetite kept base metal prices, with the exception of copper, above their opening levels.

• Aluminum demand, imports to grow: Côté Nov 28, 2011

  China will be a net importer of primary aluminum over the long term as demand grows and production costs related to bauxite and electricity prices increase, Rio Tinto Alcan ceo Jacynthe Côté said.

• Glencore will pay $56m to buy majority stake in Rosh Pinah zinc, lead mine Nov 28, 2011

  Glencore International is to pay $56 million for a 50.04% stake in the Rosh Pinah zinc and lead mine in Namibia from Johannesburg Stock Exchange-listed Exxaro Resources, sources close to the negotiations told Metal Bulletin.

• Aluminium prices firm in LME pre-market trading Nov 28, 2011

  Aluminium prices staged a modest improvement in pre-market trading on the London Metal Exchange on November 28, clawing back losses after reaching a 16-month official low at the end of the previous week.

• Koba Tin ships 400 tonnes to Singapore despite Bangka export ban Nov 28, 2011

  Indonesia’s Koba Tin shipped 400 tonnes of tin to buyers in Singapore at the weekend, despite attempts by the Indonesian Tin Assn (ITA) to block the shipment