Nonferrous

  • Refined copper exports up sharply in September, China says Oct 24, 2012

    China’s refined copper exports climbed sharply in September as market participants anticipated a tax cancellation and poor domestic demand encouraged overseas sales of toll-rolled copper.

  • Industrial titanium use to remain flat: Dussart Oct 24, 2012

    Next year could see industrial titanium demand rebound temporarily, but it nevertheless remains flat through 2016, according to an executive of a major tubing producer.

  • Cobalt concs demand weak: customs data Oct 24, 2012

    China’s imports of cobalt ore and concentrate rose 14.4 percent month on month to 15,349 tonnes in September, according to the latest Chinese customs data.

  • Separate license for chrome ore proposed in South Africa Oct 23, 2012

    The oversupply of chrome ore globally could be curbed if South Africa’s government forced platinum group metals (PGM) producers to have a separate license for selling chrome ore, market participants have proposed.

  • Lead times for aerospace alloys shrink Oct 23, 2012

    Aluminum aerospace lead times have shortened due to seasonally weaker demand and extra capacity in the market.

  • Phoenixx to start marketing Ambatovy cobalt in US mart Oct 23, 2012

    Phoenixx International Resources LP will market and distribute cobalt from the Ambatovy nickel-cobalt project in Madagascar in the United States starting next year, the company said Tuesday.

  • Silicon spot market stalls before 2013 talks Oct 23, 2012

    Spot silicon activity has ground to halt over the past few weeks amid some 2013 contract discussions.

  • Mueller’s net income rises 48% in 3d qtr. Oct 23, 2012

    Mueller Industries Inc.’s net income rose 48 percent year on year in the third quarter, even as net sales declined 12.2 percent due to lower selling prices.

  • Johnson Controls plans 4th.-qtr. restructuring Oct 23, 2012

    Johnson Controls Inc. (JCI) has announced that it will undertake "restructuring actions" this quarter including "workforce reductions and plant consolidations" in its automotive experience, building efficiency and power solutions divisions.

  • Curis calls town law unconstitutional Oct 23, 2012

    Mineral exploration and development company Curis Resources (Arizona) Inc. has filed a lawsuit against the town of Florence, Ariz., for passing an ordinance that makes it illegal for the company to commence copper mining at its Florence property, according to documents filed with the U.S. District Court in Arizona.

  • Norsk Hydro outlook weak after $40.8M loss Oct 23, 2012

    Norsk Hydro ASA is forecasting a weak final quarter after posting a third-quarter net loss due to lower prices and sales volumes.

  • IMC MetalsAmerica names Peck president, plans growth Oct 23, 2012

    William W. "Bill" Peck has been named president of IMC MetalsAmerica LLC, a producer of electroplating anode and oxygen-free copper rod that has plans to expand.

  • Asian aluminum premiums steady amid weak demand Oct 23, 2012

    Aluminum premiums in Asia have held steady in recent days, with few deals concluded as market participants look toward final negotiations for next year’s contracts.

  • ICSG copper surplus forecast is too high: Aurubis Oct 23, 2012

    The global refined copper market is unlikely to witness the 458,000-tonne surplus that the International Copper Study Group forecast for the first half of next year, Aurubis AG said in a note Monday.

  • Freeport 3d-qtr. income, sales decline Oct 22, 2012

    Freeport McMoRan Copper & Gold Inc.’s net income fell 21.7 percent in the third quarter as copper and gold sales decreased due to lower ore grades at its Grasberg Mine in Indonesia.

  • Ravenswood power deal questioned Oct 22, 2012

    Appalachian Power Co. will file a reconsideration to the Public Service Commission (PSC) of West Virginia by Friday regarding the agency’s proposed power agreement for Century Aluminum Co.’s Ravenswood, W.Va., smelter.

  • Tin premiums may rise in 2013: consumers Oct 22, 2012

    Spot tin premiums remain unchanged in the United States, while early negotiations for 2013 contracts are indicating the same to slightly higher delivered premiums for next year, according to market sources.

  • Codelco's European premium falls $5 Oct 22, 2012

    Corporación Nacional del Cobre de Chile (Codelco) has lowered its benchmark European copper premium to $85 per tonne, a $5 cut from last year’s terms, sources told AMM sister publication Metal Bulletin.

  • Ferromoly tags off in Europe; market awaiting next move Oct 22, 2012

    Ferromolybdenum prices are hovering around $28 per kilogram in Europe as the recent rally tails off, market participants told AMM sister publication Metal Bulletin.

  • Brazil’s copper wire exports off 9.7% year on year in Sept. Oct 22, 2012

    Brazilian refined copper wire exports fell 9.7 percent year on year in September to 2,037 tonnes, according to figures from the country’s trade ministry.

  • Vale to suspend Frood Mine on falling prices Oct 22, 2012

    Vale SA will suspend operations at its Frood nickel-copper mine in Sudbury, Ontario, at the end of the year, a company spokesman told AMM.

  • Brazilian exports of copper cathode fall sharply in Sept. Oct 22, 2012

    Brazil’s refined copper cathode exports fell in September to about one-seventh of the level seen in the same year-ago period, according to the country’s trade ministry.

  • Malaga halts Pasto Bueno processing plant Oct 22, 2012

    Malaga Inc. has put the processing plant at its Pasto Bueno tungsten mine in Peru on care and maintenance after a hydroelectric transmission line was accidentally severed, causing a complete power outage to the plant and mine.

  • Correction: MacTung permitting progresses Oct 19, 2012

    Due to a reporting error, a story in the Oct. 19 edition incorrectly stated that permitting for North American Tungsten Corp. Ltd.’s MacTung Mine in Canada’s Yukon Territory is delayed.

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