Nonferrous

• Noranda Income Fund sales, earnings fall in quarter Nov 13, 2012

  Noranda Income Fund, the majority owner of Canadian Electrolytic Zinc Ltd. (CEZinc), posted lower third-quarter financial results as it also announced a "reorganization" of its tax arrangements.

• Thompson Creek offering $350M in notes Nov 13, 2012

  Thompson Creek Metals Co. Inc. will terminate its existing $300-million revolving credit facility when it closes its offering of $350 million in senior secured first-priority notes due 2018—a move the miner said is intended to increase its financial flexibility.

• DLA again offers ferromanganese Nov 13, 2012

  DLA Strategic Materials has again offered 3,145 tons of high-carbon ferromanganese from its depots in Warren, Ohio, and Point Pleasant, W.Va.

• International Wire sales hit by low copper tags, but net rises Nov 13, 2012

  International Wire Group Holdings Inc. saw net sales decline 22.6 percent in the third quarter compared with the same period last year due to lagging copper prices and unfavorable currency exchange rates.

• Venezuela claims Anglo American nickel mine Nov 13, 2012

  Anglo American Plc has ceased operations at its majority owned Loma de Niquel Mine following the expiration of its remaining mining concessions and permits granted by the Venezuelan government.

• Ferrovanadium going cheap in weak market Nov 13, 2012

  Ferrovanadium sellers are being forced to let small quantities of material go at lower and lower prices as demand all but disappears.

• Noble alloys traders eye improved market in '13 Nov 13, 2012

  The noble alloys market is expected to improve, but only because the situation can’t get any worse, according to traders.

• Improved Chinese steel demand lifts ferroalloys production Nov 13, 2012

  Chinese ferroalloys output registered a small increase in October on the back of improved demand from the steel sector.

• US aluminum execs weigh cost of Obamacare Nov 13, 2012

  U.S. aluminum companies are taking a hard look at President Obama’s health-care reform following his re-election.

• Metals trade imbalance grows in Sept., 3d qtr. Nov 12, 2012

  The U.S. trade deficit for iron and steel mill products grew 16.3 percent month on month to $719 million in September as a $63-million drop in exports more than counteracted a $38-million increase in imports.

• Century said likely to buy power from grid Nov 12, 2012

  Century Aluminum Co. is now primarily considering purchasing power off the grid, or spot market, for its Hawesville, Ky., smelter, as opposed to re-signing a multiyear contract with Big Rivers Electric Corp., a spokesman for the utility told AMM Monday.

• North American aluminum orders rise in Oct. Nov 12, 2012

  North American aluminum orders rose in October, with can sheet experiencing the largest uptick, according to Davenport & Co. LLC data based seasonally adjusted figures from the Aluminum Association.

• Exide net loss jumps to $13.9M in qtr. Nov 12, 2012

  Exide Technologies is adapting to “the new external realities” of the secondary lead market by closing and idling two of its lead recycling plants, the company said, as it recorded a wider net loss for its fiscal second quarter

• Timet’s net income, sales drop in 3d qtr. Nov 12, 2012

  Titanium Metals Corp. (Timet) saw net income and sales fall in the third quarter compared with the same period last year as a rise in average selling prices only partially offset a drop in overall shipment volumes, the company said.

• Lead contract structure still unclear Nov 12, 2012

  Lead consumers and sellers have yet to reach any kind of resolution regarding the pricing structure of 2013 contracts, with market participants reporting that some deals may be done on a month-by-month basis instead of on an annual basis.

• China’s copper imports fall to 2012 low on Chilean strike Nov 12, 2012

  China’s copper imports dropped to their lowest level this year in October due to supply disruptions in Chile and unfavorable arbitrage.

• SRB set to bid for aluminum Wednesday; no word on copper Nov 12, 2012

  China’s State Reserve Bureau (SRB) will meet Wednesday in Beijing to bid for aluminum from Aluminum Corp. of China Ltd. (Chalco) and its affiliates, market sources said.

• Rusal draws red ink in 3d qtr. as aluminum pricing slumps Nov 12, 2012

  United Co. Rusal slipped into the red during the third quarter as aluminum prices slumped and the industry continued to battle oversupply.

• UK’s Brady buys software provider SAI for $6.5M Nov 12, 2012

  Brady Plc has acquired software provider Systems Alternatives International LLC (SAI) for $6.5 million, according to Brady’s top executive.

• Glencore-Xstrata merger likely: Jeffries Nov 09, 2012

  The merger of Glencore International Plc and Xstrata Plc is "not a slam dunk," analysts at New York-based Jefferies Group Inc. said Thursday, but they nonetheless expect it to go ahead.

• Precision Castparts to buy Timet in $2.9B deal Nov 09, 2012

  Precision Castparts Corp. (PCC) announced late Friday that it has entered into a definitive agreement to acquire Titanium Metals Corp. (Timet) for $16.50 per share in a cash deal valued at about $2.9 billion.

• Future remains unclear for Metalico's lead unit Nov 09, 2012

  Metalico Inc. said that it is not certain it will sell its lead fabrication division, as it remained one of the company’s best performers in the third quarter of 2012.

• Mount Milligan start-up is on track: Thompson Creek Nov 09, 2012

  Thompson Creek Metals Co. Inc. still expects its Mount Milligan copper-gold project to start up in the third quarter of 2013, with production for the first six years of operation expected to be 89 million pounds of copper and 262,000 ounces of gold, the company said in its third-quarter earnings results.

• MoTiV ready for ferrovanadium sales Nov 09, 2012

  MoTiV Metals LLC, the U.S. offtake partner for ferrovanadium from Australian producer Atlantic Ltd., has a “couple of containers” of the material in stock and expects to make its first sales soon, president Terry Perles told AMM.