Nonferrous RSS

  • Thompson Creek's Loughrey announces plans to retire Nov 09, 2012

    Thompson Creek Metals Co. Inc.’s chairman and chief executive officer Kevin Loughrey plans to retire within the next 12 to 18 months.

  • Ferrovanadium prices dip on slow demand Nov 09, 2012

    Ferrovanadium prices in the United States have softened on lower consumer business, although deals were again reported in a wide range this past week.

  • Midwest P1020 contract business almost done Nov 09, 2012

    The majority of Midwest P1020 aluminum contracts for 2013 have now been signed, according to traders and producers.

  • US braces for influx of Brazilian ferrosilicon Nov 09, 2012

    The U.S. market could see an influx of Brazilian ferrosilicon in the short term, as demand in Europe—the preferred destination of the South American nation’s producers—has softened considerably

  • Thompson Creek sees status quo in ’13 Nov 09, 2012

    The molybdenum market looks poised to follow a familiar pattern in 2013, with restocking early in the year leading to improved demand and a subsequent falloff toward year-end.

  • High-carbon ferrochrome tags at 34-month low Nov 09, 2012

    High-carbon ferrochrome prices have fallen below the $1-per-pound mark for the first time since early 2010, as sellers reported a dearth of spot inquiries and fierce competition for existing spot business.

  • Ferrovanadium prices likely to fall in Europe, traders say Nov 09, 2012

    European ferrovanadium prices are on their way down after weeks of stability, market sources told AMM sister publication Metal Bulletin.

  • Revett’s 3d-qtr. Copper production slides Nov 09, 2012

    Revett Minerals Inc. saw revenues rise 16 percent year over year to $19.4 million in the third quarter as the company sold a higher percentage of material from inventory despite lower production.

  • European ferrochrome tags near 3-year low Nov 09, 2012

    European ferrochrome prices have fallen to their lowest levels in nearly three years amid low demand, high inventories and growth in Chinese production.

  • Ferromolybdenum tags will remain low, participants say Nov 09, 2012

    Ferromolybdenum prices won’t improve before year-end, market participants have said.

  • Chinese battery demand growth seen boding well for lead Nov 09, 2012

    Lead might have disappointed many toward the latter half of the year, but industrial experts and officials at the 2012 China International Lead and Zinc Conference remained bullish about its outlook.

  • Freeport’s Bayway copper plant still down post-Sandy Nov 09, 2012

    Freeport-McMoRan Copper & Gold Inc.’s Bayway operations in Elizabeth, N.J., are still offline following the recent extreme weather conditions, the company said Thursday.

  • Copper stocks don’t affect prices: SEC Nov 09, 2012

    In a potential blow to copper market participants opposed to the launch of physically backed exchange-traded funds (ETFs), the U.S. Securities and Exchange Commission (SEC) has said there is no strong correlation between copper inventories and prices.

  • Aluminum billet market upbeat on 2013 Nov 08, 2012

    Aluminum billet producers and consumers are fairly upbeat heading into year-end as most of their 2013 contract business is booked and demand is expected to remain reasonably robust next year on the back of strong automotive markets and a recovering building and construction sector.

  • Arizona city denies sulfuric acid ban is unconstitutional Nov 08, 2012

    The town of Florence, Ariz., filed a response in federal court Tuesday denying Curis Resources (Arizona) Inc.’s allegations that a recently passed town ordinance banning the use of “large quantities” of sulfuric acid was unconstitutional.

  • China’s rare earth producers halt output on falling prices Nov 08, 2012

    China’s largest rare earth producers have shut down operations in response to a sharp fall in prices in recent weeks.

  • Buyers don't need to wait in queues: Alcoa Nov 08, 2012

    Aluminum consumers should buy directly from producers and stop complaining about long queues at warehouses and the high cost of buying physical metal, according to Alcoa chief executive officer Klaus Kleinfeld.

  • Alcoa ‘managing for cash,’ flexibility, finance chief says Nov 08, 2012

    Alcoa Inc. is committed to its investment-grade rating and entered 2012 "managing for cash," the aluminum producer’s executive vice president and chief financial officer said.

  • New Chinese leaders to boost growth: Kleinfeld Nov 08, 2012

    China is set to push ahead with a vast infrastructure program that will boost economic growth as the country’s leadership change takes place, according to Klaus Kleinfeld, chairman and chief executive officer of Pittsburgh-based aluminum producer Alcoa Inc.

  • Baja Mining secures bank extension, consortium loan Nov 07, 2012

    Baja Mining Corp. has secured a further extension of a standstill agreement from lenders, as well as $84 million from a South Korean consortium of shareholders, enabling it to continue construction on its flagship Boleo Mine in Baja California Sur, Mexico.

  • Novelis’ Chinese mill on target for 2014 Nov 07, 2012

    Novelis Inc. is still on track to complete construction of its 120,000-tonne-per-year aluminum automotive sheet manufacturing facility in China’s Jiangsu province by early 2014 after breaking ground on the facility in October, the company said.

  • Obama re-election divides US metals industry Nov 07, 2012

    Metals industry participants who were hoping a change in power at the White House would stimulate fundamental change in the marketplace may have to reconsider their next moves.

  • Nickel premiums soften on declining demand Nov 07, 2012

    Nickel premiums have softened further as consumer business remains sparse and sellers are looking to pare inventories before the end of the year, market participants told AMM.

  • Mount Hope project nears construction: General Moly Nov 07, 2012

    General Moly Inc.’s Mount Hope project is fast approaching construction as the company finalizes its permitting for the 40-million-pound-per-year molybdenum mine.

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