Nonferrous RSS

  • Freeport earnings dip on copper prices Oct 22, 2013

    Freeport-McMoRan Copper & Gold Inc. reported marginally lower net income in the third quarter, in large part due to lower copper prices that offset a boost in sales and losses on energy derivative contracts, the company said Oct. 22.

  • Alcoa, VSMPO joint venture to build aero forging giant Oct 22, 2013

    A joint venture between Alcoa Inc. and VSMPO-Avisma Corp. would combine two of the world’s largest forging press capacities and deepen the Russian titanium producer’s involvement in the global aerospace supply chain.

  • BHP copper and zinc output up, lead down Oct 22, 2013

    BHP Billiton Ltd.’s copper cathode output rose 6 percent year on year in the September quarter following record production at Peru’s Antamina Mine and increased production at Chile’s Escondida Mine.

  • BHP aluminum output rises on South Africa production Oct 22, 2013

    BHP Billiton Ltd.’s aluminum output in the quarter ended Sept. 30 rose 15 percent year on year, boosted by strong performance at its South African smelters.

  • Mueller earnings get boost from sale, volumes Oct 22, 2013

    Copper, aluminum and plastics manufacturer Mueller Industries Inc. more than doubled its net income in the third quarter thanks to a $22.9-million after-tax gain from the sale of its schedule 40 pressure plastics fittings business.

  • China refined nickel imports drop in Sept. Oct 22, 2013

    Chinese refined nickel imports fell to a three-month low in September, offset by continually rising nickel ore imports ahead of next year’s ban of Indonesian raw materials, according to Chinese customs data.

  • Nickel sag drives 4.9% fall in Eramet’s 3d-qtr. revenue Oct 22, 2013

    Weak nickel prices led Eramet SA to record lower revenue in the third quarter and the first nine months of the year, it said Oct. 21 in a report on its earnings results.

  • Canada-Europe trade agreement welcomed Oct 22, 2013

    The recently announced free-trade agreement between Canada and the European Union potentially opens up lucrative markets for Canadian companies and offers more investment into the country, the Aluminum Association of Canada and the Mining Association of Canada (MAC) said.

  • Freeport weighs asset sales, joint ventures, capex plans Oct 22, 2013

    Freeport-McMoRan Copper & Gold Inc. is reviewing its portfolio of assets for potential sales, joint ventures or changes to capital expenditures as it aims to find "opportunities to accelerate its deleveraging plans," the copper miner said.

  • Jinchuan starts production at Fangcheng copper smelter Oct 22, 2013

    China’s Jinchuan Group Co. Ltd. has begun production on the first phase of its Fangcheng copper smelter, which market sources see as yet another sign that Chinese copper producers are raising output to take advantage of higher treatment and refining charges (TC/RCs).

  • Alcoa, Army announce deal to improve combat vehicles Oct 21, 2013

    Alcoa Inc. will work with the U.S. Army to make a single-piece aluminum bottom, or "hull," for defense vehicles, the company said.

  • US, UK should halt LME rule changes: Alcoa Oct 21, 2013

    Alcoa Inc. is calling on U.S. and U.K. regulators to block proposed changes to London Metal Exchange warehouse policies, contending the rules are unfair and opaque.

  • Alcoa rolls out new aluminum wheel alloy Oct 21, 2013

    Alcoa Inc. has announced the introduction of its “most advanced aluminum wheel alloy in 45 years,” the company said Oct. 21.

  • China’s copper, aluminum imports rise in September Oct 21, 2013

    China’s refined copper imports jumped to 347,305 tonnes in September, up 32.1 percent from the previous month and the highest level since February 2012.

  • Votorantim to comply with sales agreement: Mirabela Oct 21, 2013

    Despite Votorantim Metais Ltda.’s plan to close its smelting facilities in Brazil by the end of November, it will comply with obligations under its sales agreement with Mirabela Nickel Ltd. until the end of 2014.

  • Anglo American’s copper output up in third quarter Oct 21, 2013

    Anglo American Plc’s copper output totaled 207,300 tonnes in the third quarter, up 32 percent from the same period last year due to improved grades at the Los Bronces and Collahuasi mines in Chile.

  • European zinc premiums up despite looming supply hike Oct 21, 2013

    Some special-high-grade zinc buyers in Europe have agreed to premiums of $155 to $165 per tonne for 2014, market sources told AMM sister publication Metal Bulletin, up about $20 from this year.

  • Spot plate prices under pressure: Kaiser Oct 18, 2013

    New capacity, import pressure and inventory overhang could push spot prices for aluminum plate downward, according to Kaiser Aluminum Corp. chairman, president and chief executive officer Jack Hockema.

  • Kennecott gives Bingham production update Oct 18, 2013

    Kennecott Utah Copper expects to finish remediation work at its Bingham Canyon Mine in Utah by the end of 2015 and hopes production will be back at pre-slide levels by 2016.

  • NAN, Royal Nickel forecast Chinese demand to climb Oct 18, 2013

    Canadian mining companies North American Nickel Inc. (NAN) and Royal Nickel Corp. said they expect Chinese nickel demand to double by the end of the decade, fueling nickel prices and increasing the viability of projects their projects in Greenland and Quebec, the companies told investors during presentations Oct. 16.

  • Power rate hikes may alter Aleris plans Oct 18, 2013

    Aleris International Inc. might not make a potential investment at its Lewisport, Ky., facility if it cannot secure a better power rate from Big Rivers Electric Corp., according to a letter from the aluminum company’s top executive to Kentucky Gov. Steven Beshear.

  • Ormet mulls smelter liquidation, refinery sale Oct 18, 2013

    Ormet Corp. is considering liquidating its Hannibal, Ohio, smelter while it looks to make a deal with a potential buyer for its Burnside, La., alumina refinery.

  • Ferrosilicon on split path, major buyers pause Oct 18, 2013

    The ferrosilicon spot market continues to diverge, with prices reported in a range as wide as 6 cents per pound, although major consumers are reportedly still waiting out the market.

  • $328M Malaysia ferroalloys venture set Oct 18, 2013

    A $328-million ferroalloys plant will be established in Malaysia as a joint venture between South Africa’s Assmang Ltd., Japan’s Sumitomo Corp. and Taiwan’s China Steel Corp.

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