Nonferrous RSS

  • Opponents denied meeting on physical copper ETFs: SEC Dec 10, 2012

    Market participants opposed to the launch of physical copper exchange-traded funds (ETFs) have been denied a request to present their views orally to the U.S. Securities and Exchange Commission, the SEC said.

  • Erdos bullish about Chinese ferrosilicon prices Dec 10, 2012

    China’s largest ferrosilicon producer, Erdos Metallurgy Group Co. Ltd., expects local ferrosilicon prices to remain firm until the Chinese New Year in February.

  • Eskom concerns could hold up Glencore-Xstrata merger Dec 10, 2012

    The planned merger of Glencore International Plc and Xstrata Plc may be delayed after South Africa’s power utility, Eskom Holdings Ltd., raised concerns with the South African competition regulator that the merger could impact Eskom’s coal supplies.

  • Alcoa signs 10-year power contract for Intalco smelter Dec 10, 2012

    Alcoa Inc. has finalized a long-term contract with the Bonneville Power Administration (BPA) for the aluminum producer’s Intalco smelter in Ferndale, Wash.

  • Superior Extrusion on track with expansion Dec 10, 2012

    Superior Extrusion Inc. (SEI) is on track to add a second industrial precision saw at its Gwinn, Mich., facility by February.

  • Century appoints Bless to board Dec 10, 2012

    Century Aluminum Co. has named president and chief executive officer Michael Bless to its board of directors.

  • ‘Heavy discounting’ on Midwest Al premium Dec 07, 2012

    The Midwest premium for primary aluminum is seeing “heavy discounting” as the backwardation on the London Metal Exchange led some to offer material at lower levels to entice consumer sales amid weak demand.

  • Titanium market eyes 2013 price pickup Dec 07, 2012

    The titanium spot market is looking to next year for pricing improvement as ingot prices show signs of slight softness as 2012 winds down.

  • Low river levels hurt ferroalloys market Dec 07, 2012

    Low water levels along the Mississippi River are starting to affect ferroalloys traffic, market sources told AMM.

  • General Moly gets $100M funding Dec 07, 2012

    General Moly Inc.’s 80-percent-owned Eureka Moly LLC subsidiary has received a $100-million contribution from its South Korean partner to start construction on the Mount Hope molybdenum project in Nevada.

  • New owner to grow Aluminum Shapes Dec 07, 2012

    Global Aluminum (USA) Inc.’s acquisition of Aluminum Shapes LLC and Signature Aluminum Canada Inc. will give the operations access to increased capital and liquidity for long-term investment, a company executive told AMM.

  • Willoughby picked to replace retiring Eramet exec Burdette Dec 07, 2012

    Bob Burdette has retired as president and chief executive officer of Eramet SA subsidiary Eramet North America Inc.

  • CFTC must protect commodities customers: ISRI Dec 07, 2012

    The Institute of Scrap Recycling Industries has asked the Commodity Futures Trading Commission (CFTC) to give commodities customers the option to opt out of granting futures commission merchants access to their funds for investment purposes.

  • Low-carbon ferrochrome prices seen dipping Dec 07, 2012

    Low-carbon ferrochrome prices could soften in the near term as European traders and producers increasingly look to the U.S. market due to weak prices and demand levels at home.

  • Sweden’s lead classification would damage market: ILA Dec 07, 2012

    Sweden’s proposal to classify all forms of lead metal as a proven reproductive hazard will have damaging effects on the recycling and marketing of a range of metallic substances and products in Europe, the International Lead Association (ILA) has warned.

  • Afghanistan picks preferred bidders for mining projects Dec 07, 2012

    The government of Afghanistan has picked preferred bidders for three of its four current mineral tenders, including a company backed by former BHP Billiton Plc chief executive officer Chip Goodyear and a former JPMorgan Cazenove executive fined for alleged market abuse.

  • Ferrovanadium strengthens on Chinese supply tightness Dec 07, 2012

    Ferrovanadium prices have regained strength following a period of declines amid a tightening in supply.

  • Aluminum alloy prices reported stable Dec 07, 2012

    Free-market aluminum alloy prices were stable Thursday as producers attempted to push prices back to a profitable level but continued to be undercut by lower quotes.

  • Yuguang to lift lead, zinc capacity Dec 07, 2012

    Henan Yuguang Gold & Lead Co. Ltd., China’s largest lead smelter, plans to boost its lead capacity by 75 percent and zinc capacity by 67 percent by 2015.

  • RTFT slates $108 million for two environmental projects Dec 07, 2012

    Rio Tinto Fer et Titane (RTFT) plans to spend Canadian $107 million ($108.28 million) on two environmental projects.

  • Private firm buys Aluminum Shapes Dec 06, 2012

    Global Aluminum (USA) Inc. has purchased the plants and related assets of Pennsauken, N.J.-based Aluminum Shapes LLC and Pickering, Ontario-based Signature Aluminum Canada Inc.

  • Freeport under fire for $9-billion energy deal Dec 06, 2012

    Freeport-McMoRan Copper & Gold Inc.’s share price logged a double-digit decline Wednesday after the company announced its $9-billion push into the energy business, with analysts criticizing the move as an unhappy marriage between two incompatible industries.

  • Secondary aluminum alloy capacity rise unlikely Dec 06, 2012

    Secondary aluminum alloy producers say that idled capacity is unlikely to be brought back online until the market becomes more profitable, despite a rise in light vehicle sales that is expected to give the sector a boost.

  • UC Rusal, Shandong Xinfa explore venture Dec 06, 2012

    A private Chinese company could establish aluminum smelters in Russia in a joint venture with United Co. Rusal, the Moscow-based company said.

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