Nonferrous RSS

  • Miners must watch budget: Antofagasta Oct 10, 2013

    Mining companies need to be more mindful of developing projects that are driven by budgets rather than size and speed in order to keep costs under control, Antofagasta Plc chief executive officer Diego Hernandez told AMM.

  • CME aluminum contract to focus on liquidity Oct 10, 2013

    CME Group Inc.’s planned physically delivered aluminum contract will rely on getting the specification right and driving liquidity for the contract, managing director of metals products Harriet Hunnable told AMM sister publication Metal Bulletin.

  • Cliffs to appeal dismissal of road easement application Oct 10, 2013

    Cliffs Natural Resources Inc. will appeal the dismissal of a road easement application that would allow it to build a road to its Black Thor chromite deposit in northern Ontario across mining claims staked by KWG Resources Inc.

  • USW urges governor to save jobs at Ormet Oct 09, 2013

    The United Steelworkers union wants Ohio Gov. John Kasich to push for negotiations that it believes could lead to bankrupt aluminum producer Ormet Corp. resuming full operations at it smelter in Hannibal, Ohio.

  • Pure Nickel moves to TSX Venture Oct 09, 2013

    Shares of Pure Nickel Inc. will commence trading on the TSX Venture Exchange Oct. 10, ensuring “continued and seamless trading liquidity” when the company is delisted from the Toronto Stock Exchange at market close Oct. 9, it said.

  • Global nickel output, consumption growth forecast Oct 09, 2013

    Global nickel production and consumption are expected to increase next year but nickel stocks are likely to rise due to "disappointing usage figures outside of China and India," according to the International Nickel Study Group (INSG).

  • Japan’s titanium shipments backslide Oct 09, 2013

    Japanese titanium producers are again fighting a severe downturn in their markets following a temporary spike in new desalination plant construction, which brought a near-recovery from the global recession, the president of the Japan Titanium Society (JTS) said this week.

  • Aero plate glut could drag into 2015: Alcoa's Kleinfeld Oct 09, 2013

    The aerospace market is in the midst of an inventory overhang that could spill over into 2015 for aerospace structural plate, Alcoa Inc.’s top executive said.

  • Scrap aluminum wheel tags fall again Oct 09, 2013

    Scrap aluminum wheel prices continued to lose ground in October, with upticks in supply and a slight downturn in demand weakening the overall market.

  • Codelco rules out sale of Salvador mine Oct 09, 2013

    Chilean copper producer Corporación Nacional del Cobre de Chile (Codelco) has ruled out the sale of its Salvador copper mine, and considers the disposal of its non-core assets as only a possibility, said president and chief executive officer Thomas Keller Lippold.

  • Codelco sees modest copper surplus in '14 Oct 09, 2013

    The refined copper market will move into a small surplus of up to 300,000 tonnes in the fourth quarter and potentially more in 2014, but it will not be enough to affect prices, said Chilean copper producer Corporación Nacional del Cobre de Chile (Codelco).

  • More rolling capacity needed in aluminum: execs Oct 09, 2013

    More rolling mill and even primary capacity may be needed to keep pace with expected growth in aluminum demand, industry executives indicate. But to invest in new capacity, producers must also be able to secure better electricity rates, they stressed.

  • LME rule change plan ‘irresponsible’: Kleinfeld Oct 09, 2013

    Alcoa Inc. chairman and chief executive officer Klaus Kleinfeld repeatedly blasted the London Metal Exchange’s introduction of potential changes to warehousing rules as "irresponsible" and to blame for declines in aluminum premiums.

  • Codelco targeting higher cathode premiums Oct 09, 2013

    Chilean miner Corporación Nacional del Cobre de Chile (Codelco) is still in discussions with its customers over premiums for 2014 copper cathode supplies, but an increase from previous levels is the Chilean producer’s key target, according to chief executive officer Thomas Keller Lippold.

  • ATI Wah Chang lays off workers Oct 09, 2013

    Specialty alloy producer ATI Wah Chang, a subsidiary of Allegheny Technologies Inc. (ATI), has laid off an undisclosed number of employees at its headquarters in Albany, Ore., citing difficult market conditions.

  • Noranda's Smith new Aluminum Association chairman Oct 09, 2013

    The Aluminum Association has named Noranda Aluminum Holding Corp. president and chief executive officer Layle "Kip" Smith as its new chairman.

  • Cost reductions help Alcoa swing to black Oct 08, 2013

    Despite lower aluminum prices, Alcoa Inc. swung to a profit in the third quarter thanks to cost-cutting measures and strength in its value-added businesses, the company said Oct. 8.

  • Mixed-material vehicles to dominate: expert Oct 08, 2013

    While aluminum may be making inroads on steel in the automotive sector, the vehicle of the future will be a mix of materials rather than one dominated by either steel or aluminum, according to one auto industry expert.

  • DLA sells ferrochrome, ferromanganese Oct 08, 2013

    Three companies purchased a combined 2,635 short tons of ferrochrome from DLA Strategic Materials in September for $3.75 million. The agency also recorded its first sale of ferromanganese in 18 months.

  • Magnesium prices inch up Oct 08, 2013

    Magnesium prices have edged up slightly because of a tight aluminum scrap market, although some market participants are concerned that a lengthy government shutdown could hurt demand.

  • European aluminum buyers hold back on 2014 contracts Oct 08, 2013

    European aluminum consumers are no closer to signing supply contracts with producers for 2014 volumes while questions remain over London Metal Exchange warehouse rules, and producers are accepting that premiums could be significantly below current levels when they eventually do.

  • Titanium airframe demand seen rising Oct 08, 2013

    Titanium demand for commercial transport airframes will grow 12.1 percent per year through 2017, pushing annual demand in the sector up 78 percent, according to the top executive at RTI International Metals Inc.

  • Silicon prices firm as demand rises Oct 08, 2013

    Silicon prices have edged up slightly due to higher demand from aluminum secondary producers and extruders, who used up 2013 contracted material faster than planned, and a slowness to use Chinese imported material.

  • Mirabela Nickel halts trading on ASX Oct 08, 2013

    Mirabela Nickel Ltd. has asked the Australian Securities Exchange to halt trading of its shares effective Oct. 7.

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