Nonferrous RSS

  • Midwest aluminum premiums fall amid oversupply Nov 16, 2012

    Seasonality and oversupply dampened spot Midwest aluminum premiums this past week, the first decline since December.

  • Ferrovanadium spot sales eye 2013 drop Nov 16, 2012

    The rise seen this year in domestic ferrovanadium spot sales could come to an end in 2013, as some mills that have been actively buying prompt material are once again looking to lock in contracts, market sources told AMM.

  • ArcelorMittal agrees to sell Kalagadi stake Nov 16, 2012

    ArcelorMittal SA has agreed to sell its 50-percent stake in South Africa’s Kalagadi Manganese (Pty) Ltd. to Daphne Mashile-Nkosi or her nominee for 3.9 billion rand ($441 million), the company said Thursday.

  • Liberty remains in red ink as it idles Timmins nickel mine Nov 16, 2012

    Liberty Mines Inc. remained in the red in the third quarter, when it processed and shipped 423,265 pounds of nickel before putting its Timmins Mine on care and maintenance.

  • China's SRB purchases 100,000T each zinc, aluminum Nov 16, 2012

    China’s State Reserve Bureau (SRB) bought 100,000 tonnes each of refined zinc and aluminum Friday.

  • Low tungsten prices put Malaga in the red Nov 15, 2012

    Malaga Inc. posted a net loss of $883,000 in the third quarter, in contrast to net income of $1.98 million in the same period last year, as sales plunged 32.5 percent to $3.14 million due to falling tungsten prices and a production downturn at its Pasto Bueno Mine in Peru.

  • Aluminum shipments rise, but nerves mounting Nov 15, 2012

    Aluminum shipments by U.S. service centers logged a double-digit percentage rise in October compared with September, but with many distributors remaining wary about the impending "fiscal cliff" in Washington, most say the industry is not out of the woods just yet.

  • Inside job suspected in theft of Asarco ingot Nov 15, 2012

    U.S. Customs officials and Arizona police have seized copper ingots worth more than $1.5 million allegedly stolen from producer Asarco LLC in what law enforcement officials say could be an inside job at the company’s copper smelter in Hayden, Ariz.

  • BLS ferrous scrap price index tumbles Nov 15, 2012

    The iron and steel scrap producer price index (PPI) took a nosedive in October, falling 11.4 percent from the previous month and 27.3 percent from the same month last year, the latest Bureau of Labor Statistics (BLS) report shows.

  • Brazilian silicon producers slash output Nov 15, 2012

    Brazil’s silicon industry has significantly curtailed output as producers opt to sell power back to the spot market instead of producing in a move some speculate could eventually lead to higher silicon prices in the United States.

  • Copper buyers urged to take action against ETFs Nov 15, 2012

    More copper consumers must take action in order to stop the U.S. Securities and Exchange Commission (SEC) from approving the physically backed exchange-traded funds (ETFs) proposed by JPMorgan Chase & Co. and BlackRock Inc., according to Vandenberg & Feliu LLP attorney Robert Bernstein.

  • INTL expects copper prices to hold steady in 2013, 2014 Nov 15, 2012

    Copper prices will remain largely unchanged in 2013 and 2014, according to Keith Gwozdz, INTL FC Stone Inc.’s head of sales in the Americas.

  • LME proposes new load-out rate rule after formal review Nov 15, 2012

    The London Metal Exchange said it has proposed a further change to its rules concerning load-out rates for bonded warehouses.

  • Hurricane Sandy to lift copper demand: Encore Nov 15, 2012

    Hurricane Sandy will boost the construction sector and increase demand for Encore Wire Corp.’s copper products, chief financial officer and vice president Frank Bilban told AMM.

  • Maike, Jinchuan plan nickel, copper trading venture Nov 15, 2012

    Maike Metals Group and Jinchuan Group Co. Ltd. have established a framework agreement for a metals trading joint venture.

  • Cleanup order signed for former Kaiser site Nov 14, 2012

    TRC Companies Inc. has signed a consent order agreeing to take measures aimed at preventing the release of cyanide into soil and groundwater at a former Kaiser Aluminum Corp. facility in Ravenswood, W.Va.

  • Plenty of power available for Ky. smelter: Century Nov 14, 2012

    Century Aluminum Co. maintains there is plenty of transmission power available for purchase on the spot market to supply its 250,000-tonne-per-year Hawesville, Ky., smelter.

  • SHG zinc premiums begin to firm up for 2013 Nov 14, 2012

    Special-high-grade (SHG) zinc premiums appear to be firming at around 8 cents per pound for 2013 contracts, with one producer source saying that a persistent deficit in local supply and steady demand have driven the increase.

  • Rio Tinto sees short-term volatility for copper Nov 14, 2012

    Volatility in the copper market is likely to continue in the short term due to macroeconomic factors, even as the long-term growth of the industry is assured, according to a top executive at Rio Tinto Plc.

  • Timet-PCC deal stirs class action lawsuit talk Nov 14, 2012

    At least eight law firms are mulling shareholder lawsuits stemming from Precision Castparts Corp.’s (PCC’s) pending acquisition of Titanium Metals Corp. (Timet).

  • Aerospace aluminum alloy demand slows Nov 14, 2012

    Demand for aluminum aerospace alloys has pared back slightly due to seasonality, but the slowdown hasn’t been severe enough to impact mill lead times, sources said.

  • China aluminum, copper output remains high Nov 13, 2012

    China’s production of aluminum and copper remained high in October, according to data from the country’s National Bureau of Statistics.

  • Politics, not economics, key to aluminum smelter closures: execs Nov 13, 2012

    Politics, not economics, often play the key role in determining whether aluminum producers curtail capacity, senior executives at the world’s leading companies told AMM sister publication Metal Bulletin.

  • Exide, Maxwell in development partnership Nov 13, 2012

    Exide Technologies has formed a strategic alliance with ultracapacitor product manufacturer Maxwell Technologies Inc., San Diego.

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