Nonferrous RSS

  • General Moly posts 3d-qtr. net income of $2.6M Nov 05, 2013

    General Moly Inc. recorded net income of $2.6 million for the third quarter in contrast to a net loss of $2.1 million during the same period a year earlier on a non-cash gain resulting from the termination of a loan agreement with Hanlong (USA) Mining Investment Inc., a subsidiary of Sichuan Hanlong (Group) Co. Ltd.

  • Aleris offers marine alloy temper Nov 05, 2013

    Aluminum manufacturer Aleris International Inc. is selling 5083–H128, a newly developed aluminum alloy temper for marine applications.

  • China cable producers still switching to aluminum alloy Nov 05, 2013

    The high spread between copper and aluminum prices continues to put pressure on Chinese cable producers to substitute aluminum alloy for copper, an issue that captured the spotlight during a recent copper conference in Kunming, China, held by Beijing Antaike Information Development Co.

  • Century Aluminum net loss narrows in 3d qtr. Nov 05, 2013

    Century Aluminum Co.’s losses continued in the third quarter, with the aluminum producer blaming the red ink largely on uncertainty about the global economy.

  • Novelis raises automotive sheet product prices Nov 04, 2013

    Novelis Inc. plans to boost prices on North American automotive sheet products by 11 cents per pound effective with all new orders starting Jan. 1, 2014.

  • Alcoa names top N. American scrap suppliers of the year Nov 04, 2013

    Alcoa Inc. has named its top North American Scrap Suppliers for 2013, with winners representing suppliers to the newly consolidated Alcoa Recycling organization (amm.com, Sept. 3)

  • Bermco Aluminum temporarily ceases output Nov 04, 2013

    Secondary aluminum alloy producer Bermco Aluminum has been forced to temporarily cease production due to serious issues with both of its furnaces, a source at the company told AMM Nov. 4.

  • ATI closes sale of tungsten unit Nov 04, 2013

    Allegheny Technologies Inc. (ATI) has completed the sale of its tungsten materials business to Kennametal Inc. for $605 million, the company said Nov. 4.

  • ITA accepting review requests on orders Nov 01, 2013

    The Commerce Department’s International Trade Administration (ITA) is taking requests for administrative reviews on anti-dumping and countervailing duty orders with November anniversary dates.

  • Century threatens to shutter Sebree smelter Nov 01, 2013

    Century Aluminum Co. will stop all production at its Sebree smelter in Robards, Ky., Jan. 31, 2014, unless it receives a cheaper power rate, according to a Nov. 1 filing with the U.S. Securities and Exchange Commission.

  • Superior Industries logs lower profits, sales Nov 01, 2013

    Superior Industries International Inc.’s profits narrowed in the third quarter as a lower aluminum sales pass-through and a tax change dented results.

  • KWG plan would aid Ring of Fire viability Nov 01, 2013

    The development of a method to reduce chromite ore in ferrochrome using natural gas could make ferrochrome deposits found in the Ring of Fire region in northern Ontario more viable, according to Maurice J. Lavigne, vice president of development and exploration at junior miner KWG Resources Inc.

  • LME needs transparency: economist Nov 01, 2013

    The London Metal Exchange should be more transparent as it aims to trim long queues for aluminum at warehouses in Detroit and the Netherlands, according to a former chief economist for the U.S. Commodity Futures Trading Commission (CFTC).

  • High-carbon ferrochrome prices rise Nov 01, 2013

    High-carbon ferrochrome prices have increased as market participants reported higher spot sales this past week.

  • NA Tungsten debt payment date extended Nov 01, 2013

    North American Tungsten Corp. Ltd.’s payment date for debt obligations totaling $6.7 million has been extended to Dec. 31. The debt instruments had been set to mature at the end of October.

  • Ferroalloys sellers hope to end deep discounts in 2014 Nov 01, 2013

    Ferroalloys contract talks are set to kick off in mid-November, and so far market participants are unsure what form agreements might take for next year.

  • Lower metals pricing drives drop in Lundin’s net income Nov 01, 2013

    Lundin Mining Corp.’s third-quarter net income fell 26.4 percent year on year due to "lower realized metal prices," the company said Oct. 30.

  • Goldman warns of volatile prices if LME changes rules Nov 01, 2013

    The London Metal Exchange’s proposed measures to reduce queues across its warehouse network will potentially increase price volatility and reduce transparency, according to Goldman Sachs Group Inc.

  • AEP to keep lights on at Ormet Ohio plant Nov 01, 2013

    American Electric Power Co. Inc. (AEP) must keep power flowing to Ormet Corp.’s operations in Hannibal, Ohio, for the duration of the aluminum producer’s bankruptcy proceedings, Ohio officials have ruled.

  • Newmont projects start commercial output Oct 31, 2013

    Newmont Mining Corp.’s Phoenix copper leach project in Nevada and Akyem project in Ghana have achieved commercial production, the company said Oct. 30.

  • Sherritt back in the black despite sales dip Oct 31, 2013

    Sherritt International Corp. returned to profitability in the third quarter despite a drop in revenue compared with a year earlier.

  • Indonesia likely to phase in export ban: UBS Oct 31, 2013

    Indonesia will most likely implement its raw material export ban in phases, and is more likely to cancel it than enforce it fully, meaning supply levels won’t be immediately affected and nickel prices will drift lower in 2014, analysts for UBS AG said

  • Chalco’s 3d-qtr. net loss widens Oct 31, 2013

    Aluminum Corp. of China Ltd. (Chalco) saw its net loss widen in the third quarter, due in part to oversupply and low aluminum prices depressing the domestic market.

  • Aluminum market to soar after '14: economist Oct 31, 2013

    Aluminum companies should use a slow 2014 to upgrade, expand and make new hires to gear up for boom times in the following years, one economist said at a recent Metal Service Center Institute (MSCI) aluminum products division conference in Palm Beach, Fla.

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