Nonferrous RSS

  • Kaiser Aluminum profits shrink in 3d qtr. Oct 18, 2013

    Kaiser Aluminum Corp.’s profits narrowed in the third quarter as a continued aerospace inventory overhang, construction projects and maintenance expenses dented results.

  • Midwest aluminum premiums firm Oct 17, 2013

    Midwest aluminum premiums held steady this week despite concerns among some market participants that sentiment has gone from overly bearish to too bullish.

  • Steel market shows stability in Fed’s summary Oct 17, 2013

    Eight of 12 federal reserve bank districts reported economic growth during an eight-week period through early October, with some cautious optimism evident in modestly higher business spending and hiring, according to the Federal Reserve’s latest economic conditions report.

  • UC Rusal’s aluminum output cut by 324,733 tonnes in 2013 Oct 17, 2013

    United Co. Rusal (UC Rusal) will produce 324,733 fewer tonnes of aluminum this year vs. 2012, and will cut an additional 322,771 tonnes next year, it said.

  • Gerald Metals, Tiger in 100,000T offtake deal Oct 17, 2013

    Swiss trader Gerald Metals SA has agreed to provide a $50-million advanced payment facility to Australia’s Tiger Resources Ltd. in return for the supply of 100,000 tonnes of electrowon copper cathodes beginning in the second quarter of next year.

  • Ormet seeks to sell ‘excess assets’ Oct 16, 2013

    Bankrupt aluminum producer Ormet Corp. is seeking court approval to sell “excess assets” to repay creditors, according to documents filed in U.S. Bankruptcy Court in Delaware.

  • Skeleton crew works Ormet’s Ohio smelter Oct 16, 2013

    Only a skeleton crew of about 40 hourly workers and a "small" salaried work force remain on the job at Ormet Corp.’s smelter in Hannibal, Ohio, according to a United Steelworkers union official.

  • Novelis to model growth on NY facility Oct 16, 2013

    Novelis Inc. will look to meet automotive demand by making its existing plants more flexible and adding automotive finishing capacity before it considers boosting hot mill capacity, a company executive said.

  • North American can market still important: Novelis exec Oct 16, 2013

    The North American can market remains important to Novelis Inc. even if it is in decline and unlikely to reverse course in the short term, a company executive said.

  • Horsehead to open zinc oxide center in '14 Oct 16, 2013

    Horsehead Holding Corp. will open a zinc oxide distribution and service center in 2014 to serve what it describes as "a growing market in the southeastern region of the United States."

  • ATI extends titanium deal with Boeing Oct 16, 2013

    Allegheny Technologies Inc. (ATI) has extended its long-term titanium supply agreement with Boeing Co. beyond 2018 in a deal that could expand the proportion of value-added products and advanced alloys it ships to the aircraft builder.

  • Production halted at Ma’aden potline Oct 16, 2013

    Production has been halted at one of two potlines at Alcoa Inc. and Saudi Arabian Mining Co.’s (Ma’aden’s) joint-venture aluminum smelter in Saudi Arabia until next year, Alcoa said Oct. 16.

  • Molycorp seeks funding to help expand Mountain Pass Oct 16, 2013

    Rare earths producer Molycorp Inc. is offering up to $200 million of common stock to help expand its Mountain Pass, Calif., facility, the company said in a filing with the U.S. Securities and Exchange Commission.

  • Revett investing $12M in new mine route at Troy project Oct 16, 2013

    Revett Minerals Inc. is investing $12 million to get its copper-silver Troy Mine in northwestern Montana back into production after deciding to forge a new route through a previously unmined area to regain access to a key mining zone.

  • Aluminum market source of Ormet woes: Ohio governor Oct 16, 2013

    Ohio is doing what it can to help Ormet Corp. but might be unable to protect the bankrupt aluminum producer from difficult market conditions, a spokesman for Ohio Gov. John R. Kasich suggested.

  • Judges to rule on bundling antitrust suits vs. LME, Goldman Oct 15, 2013

    The U.S. Judicial Panel on Multidistrict Litigation will decide whether to consolidate a number of lawsuits filed against Goldman Sachs Group Inc. and the London Metal Exchange at a Dec. 5 hearing in Las Vegas.

  • Gov't turmoil clouds aluminum centers' views Oct 15, 2013

    Service centers’ aluminum shipments were on a split path in September, with political brinkmanship in Washington and worries about a potential U.S. debt default further clouding the market, according to sources.

  • Rio Tinto’s copper output rises in quarter Oct 15, 2013

    Rio Tinto Plc produced 162,300 tonnes of copper in concentrate in the third quarter, up 23 percent year on year and 11 percent above the previous quarter as the Oyu Tolgoi copper mine consistently processed ore at nameplate capacity.

  • Amerigo copper production continues to climb in 3d qtr. Oct 15, 2013

    Amerigo Resources Ltd.’s copper production rose in the third quarter as operations continued to recover from a mine slide earlier this year.

  • Anglo names commodities chief Oct 15, 2013

    Anglo American Plc has appointed Ruben Fernandes as chief executive officer of its nickel, columbium and phosphates units after combining the management of the three commodities, the company said Oct. 15.

  • Standard Bank calls lead metal to watch Oct 15, 2013

    Lead will be the metal to watch for investors next year, as a lack of investment and a pickup in lead-acid battery demand could push prices higher, Standard Bank commodity strategist Melinda Moore said during LME Week in London last week.

  • Vale, Glencore Xstrata may integrate Sudbury projects Oct 15, 2013

    Glencore Xstrata Plc and Vale SA are considering combining their Sudbury, Ontario, nickel operations.

  • Borick retiring from Superior Industries Oct 15, 2013

    Steven J. Borick will retire as president and chief executive officer of Superior Industries International Inc. at the end of March next year.

  • Orbite promotes executives, seeks funding from Quebec Oct 15, 2013

    Orbite Aluminae Inc. has made changes to its management team as it explores financing options with the province of Quebec.

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