Nonferrous RSS

  • Ferrochrome outlook mixed amid demand uncertainty May 24, 2013

    Ferrochrome prices remained steady this past week, but with an uncertain demand outlook traders are divided on whether the market is poised for price increases or further drops.

  • Kennecott’s moly operations likely to avoid force majeure May 24, 2013

    Kennecott Utah Copper is not likely to declare force majeure for molybdenum, having managed to cover its contract commitments through ongoing mine production and purchased concentrates.

  • Cost-cutting sees Bonnell through tough times: exec May 24, 2013

    Bonnell Aluminum Inc.’s cost-cutting measures during the recession should benefit the extruder as the economy recovers and opportunities in the automotive sector rev up, says incoming president W. Brook Hamilton.

  • Canada launches probe of copper tube imports May 24, 2013

    The Canadian International Trade Tribunal (CITT) has initiated a preliminary anti-dumping duty investigation on imports of circular copper tube (outer diameter of 0.2 to 4.25 inches), excluding industrial and coated or insulated copper tube, from Brazil, China, Greece, Mexico and South Korea, as well as a countervailing duty investigation on the same product from China.

  • Grupo México planning to boost copper output 70% May 24, 2013

    Mexican mining company Grupo México SAB de CV plans to increase its copper production nearly 70 percent to 1.4 million tonnes annually over the next five years, according to a senior executive.

  • Ferbasa’s sales fall 11.5 percent in April May 24, 2013

    Net sales at Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) fell 11.2 percent year on year in April after it shipped lower tonnages of low-carbon ferrochrome and ferrosilicon.

  • Novelis idles aluminum plate production line at Brazil plant May 24, 2013

    Novelis Inc. has decided to close an aluminum plate production line at its Ouro Preto unit in Brazil’s Minas Gerais state.

  • McEwen seeks buyer for Argentine copper asset May 24, 2013

    McEwen Mining Inc. is looking to sell its Los Azules copper deposit in Argentina’s San Juan province, but the country is not proving to be attractive to investors, according to chairman, president and chief executive officer Rob McEwen.

  • INTL FCStone to exit physical base metals, O’Connor says May 24, 2013

    INTL FCStone Inc. is reviewing various scenarios that will result in the company leaving the physical base metals business, chief executive officer Sean O’Connor told AMM.

  • Alcoa ramps up Ohio casthouse making wheels May 23, 2013

    Alcoa Inc.’s expanded casthouse at its Barberton, Ohio, facility is now running at full capacity making wheels from remelted and scrap aluminum, the company said.

  • Letter to the Editor: LNG exports will hinder US manufacturing recovery May 23, 2013

    If we want to strengthen the economy and create jobs through our vast supply of natural gas, then allowing unlimited natural gas exports isn’t the “clear choice” (amm.com, May 21)—it’s the wrong choice.

  • Constellium IPO to fund global growth May 23, 2013

    Constellium N.V. aims to expand its aerospace capacity, make inroads in the U.S. automotive aluminum sector and play a role in the growing Chinese canstock market as it looks to expand its global footprint, chief executive officer Pierre Vareille told AMM.

  • Pure Nickel’s finance chief exits, Man Alaska exploration starts May 23, 2013

    Pure Nickel Inc. chief financial officer Jeffrey Sherman has resigned effective May 31, and the junior miner has commenced exploration activities at its Man Alaska property, the company said May 23.

  • Revett cuts work force at suspended Troy Mine May 23, 2013

    Junior copper-silver miner Revett Minerals Inc. has announced "an immediate and significant reduction in the work force at its Troy Mine" in Montana as most operations remain suspended and production looks unlikely to resume this quarter as previously forecast.

  • Nickel market starts summer slowdown May 23, 2013

    With nickel premiums continuing to sit at record lows, market participants say that business activity is unlikely to pick up until the end of summer.

  • Constellium IPO valued at $333.3 million May 23, 2013

    Downstream aluminium product manufacturer Constellium N.V. has confirmed the value of its initial public offering (IPO) on the New York Stock Exchange and NYSE Euronext Paris at $333.3 million.

  • Global Brass pares back size, price of IPO May 23, 2013

    Global Brass & Copper Holdings Inc. (GBC) has lowered the size and price of its proposed initial public offering (IPO), according to documents filed with the U.S. Securities and Exchange Commission (SEC) May 22.

  • American Vanadium signs Gildemeister battery deal May 22, 2013

    American Vanadium Corp. has entered into an agreement to market and sell Gildemeister Energy Solutions’ CellCube vanadium redox flow batteries in North America.

  • Brazilian copper exports rise; other metal shipments log drop May 22, 2013

    Brazil exported significantly more copper ore and copper cathode in April than it did in the same month in 2012, but its shipments of aluminum, alumina, bauxite and most ferroalloys declined, according to the Brazilian trade ministry.

  • Malaga records $3.1M loss in 1st quarter May 22, 2013

    Malaga Inc. is continuing to seek financing or a buyer for its Peruvian operations as the tungsten miner posted a $3.1-million net loss for the three months ended March 31.

  • LME, die casters discuss Nasaac concerns May 22, 2013

    Nadca, along with representatives from several large die casting firms, met with officials from the LME’s aluminum committee May 22 to discuss the effectiveness of the Nasaac, Nadca president Daniel L. Twarog said.

  • Ormet hearing delayed to June 3 May 22, 2013

    A hearing on whether to approve the sale of bankrupt aluminum producer Ormet Corp. to an entity of Wayzata (Minn.) Investment Partners LLC has been pushed back to June 3 from May 22, according to documents filed May 21 in U.S. Bankruptcy Court in Delaware.

  • Former Kan. smelter site joins EPA’s Superfund priorities list May 22, 2013

    A site in Kansas' Allen County that was once home to many lead and zinc smelters will be added to the U.S. Environmental Protection Agency’s Superfund National Priorities List, the EPA said.

  • Copper Mountain SAG mill back online May 22, 2013

    Operations resumed at Copper Mountain Mining Corp.’s semi-autogenous grinding (SAG) mill in British Columbia late May 17 after an earlier transformer failure temporarily idled the operation.

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