Nonferrous

  • New alloy changes shape without losing its strength Oct 14, 2013

    A zinc-gold-copper alloy that can be reshaped or transformed many times without losing its strength has been developed by scientists at the University of Minnesota.

  • Yunnan Tin expects slimmer loss in 3d qtr. Oct 14, 2013

    China’s Yunnan Tin Co. Ltd. expects to narrow its losses in the third quarter, with tin prices rising sharply due to restrictions on supply from Indonesia, the company said.

  • Norilsk names marketing director Oct 14, 2013

    MMC Norilsk Nickel has appointed Markus Meurer as marketing director effective July 2014, AMM sister publication Metal Bulletin has been told.

  • Caserones copper project to begin production in ‘14 Oct 14, 2013

    Pan Pacific Copper Co. Ltd., Japan’s largest copper smelter, will start copper and molybdenum concentrates production at its Caserones project in Chile in January 2014, the company said.

  • No terms yet in Freeport’s copper conc negotiations Oct 14, 2013

    Freeport-McMoRan Copper & Gold Inc. hasn’t yet offered firm treatment and refining charges (TC/RCs) to smelters in annual supply negotiations for copper concentrates, senior vice president of sales and marketing Javier Targhetta told AMM sister publication Metal Bulletin Oct. 10.

  • Century Aluminum exec resigns Oct 14, 2013

    Steven Schneider, Century Aluminum Co.’s senior vice president, chief accounting officer and controller, has resigned.

  • Aleris to fight proposed electricity rate hikes Oct 11, 2013

    Industrial power users in Kentucky are bracing for a series of electricity rate increases from power supplier Big Rivers Electric Corp., according to Aleris International Inc.

  • Boeing sees titanium in balance by 2015 Oct 11, 2013

    Boeing Co. expects to be "in balance" on titanium by 2015, but it is unclear if this would trigger a surge in demand as it also targets significant reductions in its buy-to-fly rate.

  • BHP completes Pinto Valley sale Oct 11, 2013

    BHP Billiton Plc has completed the sale of its Pinto Valley copper mine to Vancouver, British Columbia-based Capstone Mining Corp.

  • Vivint hires former Alcoa executive Oct 11, 2013

    Vivint Inc. has named former Alcoa Inc. executive Mark Davies chief financial officer.

  • Ferromolybdenum prices fall Oct 11, 2013

    Ferromolybdenum prices have dropped in what continues to be a volatile market, while molybdic oxide might be poised for a recovery as supplies tighten.

  • US aluminum extruders lose import challenge Oct 11, 2013

    The Aluminum Extrusions Fair Trade Committee has lost a challenge against a U.S. Commerce Department decision limiting the scope of duties on extrusions from China.

  • European FeMo prices up; year-end cap likely Oct 11, 2013

    Ferromolybdenum prices in Europe broke through $24 per kilogram at the top end of the range Oct. 11 as market participants reported a slight increase in activity.

  • Ferbasa holds ferrochrome price Oct 11, 2013

    Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) has set its high-carbon ferrochrome price at $1.12 per pound for the fourth quarter, unchanged from the third-quarter level.

  • Yunnan Tin chairman arrested on bribe charges Oct 11, 2013

    Lei Yi, chairman of Yunnan Tin Co. Ltd., was arrested and charged with allegedly accepting 20 million yuan ($3.3 million) in bribes, China’s official Xinhua News Agency reported.

  • Ferrosilicon prices see further gains Oct 11, 2013

    Ferrosilicon spot prices have again edged closer to $1 per pound, with more sellers reporting success in securing high-volume business at increased prices.

  • Codelco issues $950M in bonds to support expansion Oct 11, 2013

    Chilean copper producer Corporación Nacional del Cobre de Chile (Codelco) has issued 30-year bonds worth $950 million as it looks to raise capital for its investment plans.

  • Novelis completes $400M expansion Oct 11, 2013

    Novelis Inc. has completed a $400-million expansion at its aluminum rolling mills in South Korea, the company said.

  • Alcoa promotes Graeme Bottger Oct 10, 2013

    Alcoa Inc. has picked Graeme Bottger to be executive vice president and president of global business services, replacing Mark Davies, who is taking a position outside the company.

  • Nickel premiums stagnant amid oversupply Oct 10, 2013

    Nickel spot market trading activity has continued to stagnate, traders said, as global oversupply and uncertainty surrounding the future of China’s nickel pig iron (NPI) industry has hindered worldwide market outlook.

  • Titanium price weakness surprises market Oct 10, 2013

    Titanium spot prices continue to weaken despite growing commercial airliner build rates and bullish forecasts for the coming decades.

  • Aurubis says $105/T is 'right' EU premium Oct 10, 2013

    Aurubis AG believes $105 per tonne is “the right premium” for the European copper market for next year, based on its expectations for constructive global demand growth, chief executive officer Peter Willbrandt told AMM sister publication Metal Bulletin during LME Week.

  • Auto driving finishing capacity growth: Novelis Oct 10, 2013

    Novelis Inc. expects to officially unveil its automotive finishing lines in Oswego, N.Y., on Oct. 24 in anticipation of increased demand for continuous annealing heat-treat lines.

  • SMM targets big increase in nickel output Oct 10, 2013

    Japan’s Sumitomo Metal Mining Co. Ltd. (SMM) is targeting nickel metal production of 46,000 tonnes this year and 65,000 tonnes in 2014, thanks in part to the company’s Taganito project in the Philippines.

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