Nonferrous RSS

  • First Nickel extends credit facilities to fund Lockerby Dec 03, 2013

    First Nickel Inc. has extended its credit facilities with lenders in order to finance expenditures at its Lockerby Mine in northern Ontario’s Sudbury Basin.

  • Ferroalloy contract season moves into Dec. Dec 03, 2013

    Silicomanganese long-term contracts may not be finalized until Christmas, while negotiations for other ferroalloys also are expected to drag on well into December.

  • Vale outlines 2014 strategy for base metals Dec 03, 2013

    Vale SA has touted a policy of "value over volume" as the mining company looks to idle unprofitable projects in the wake of $1.5 billion in capital spending cuts for 2014.

  • American Vanadium nears production at Gibellini Dec 03, 2013

    American Vanadium Corp. is nearing production at its Gibellini deposit in Nevada, the only vanadium project in the United States.

  • Aluminum smelters’ scrap prices fall Dec 03, 2013

    Prices for most grades of secondary aluminum smelters’ scrap fell Dec. 2, precipitated by lower demand from mills and weakening terminal markets, according to industry sources.

  • Moly discounts expected to stay flat Dec 03, 2013

    U.S. molybdenum producers and traders do not anticipate a reduction in functional discounts for long-term contracts in 2014, with aggressive quotes forcing many sellers to focus on preserving market share.

  • Ferrovanadium prices tick up Dec 03, 2013

    Ferrovanadium prices have ticked up as spot market activity increased heading into December, while some producers have reported finalizing long-term contracts with smaller discounts than current deals.

  • Rio Tinto targets six low-cost assets Dec 03, 2013

    Rio Tinto Plc will focus on six projects as it looks to boost its position on the copper cost curve.

  • Regional premiums may take hit: Côté Dec 03, 2013

    The London Metal Exchange’s rule changes could bring regional premiums down to historic lows and increase pressure on smelters, according to Rio Tinto Alcan Inc. chief executive officer Jacynthe Côté.

  • UC Rusal looks to increase sales of aluminum to Brazil Dec 03, 2013

    United Co. Rusal (UC Rusal) plans to step up sales of aluminum to the South American market, reflecting the Russian company’s efforts to move on from sales into Brazil’s spot market to deals signed on annual contract.

  • Mine accident has no major impact on output: Freeport Dec 03, 2013

    PT Freeport Indonesia does not expect a weekend accident at its underground Grasberg Mine, which left one worker dead and temporarily halted production, to have a "significant impact" on production.

  • Ohio offering tax breaks for Matalco plant Dec 02, 2013

    Matalco Inc. may invest $92 million in a remelt aluminum extrusion billet facility in Lordstown, Ohio, according to Ohio economic development officials.

  • Largo to raise capital after Maracás runs over budget Dec 02, 2013

    Largo Resources Ltd. has announced a Canadian $17-million ($16-million) nonbrokered private placement of 85 million common shares after delays in the construction of its Maracás vanadium mine in Brazil saw the project run $18 million over its original budget.

  • Codelco earnings down on prices, Anglo deal Dec 02, 2013

    Corporación Nacional del Cobre de Chile (Codelco) has posted an earnings decline due mostly to falling copper prices and because last year’s results included extraordinary gains from its deal with Anglo American Sur.

  • Output resumes at Freeport mine Dec 02, 2013

    Production at PT Freeport Indonesia’s underground Grasberg Mine resumed Dec. 2 following a fatal accident the previous day.

  • Metal shipments, orders rise in October Dec 02, 2013

    Shipments and new orders of primary metals and fabricated metals rose in October compared with the previous month, according to the latest U.S. Census Bureau data.

  • Ohio recycler and foundry files for Chapter 11 Dec 02, 2013

    A recycler and aluminum foundry in Batavia, Ohio, has filed for Chapter 11 bankruptcy protection.

  • Rise in titanium inventories puzzles market Nov 27, 2013

    Raw material inventories in the titanium industry continued to grow in the first half of this year even as mill product shipments showed no improvement from 2012.

  • Mirasola leaves R.J. O'Brien to join Wells Fargo Nov 27, 2013

    Janet Mirasola has left brokerage firm R.J. O’Brien & Associates LLC and will join Wells Fargo & Co. in New York.

  • US, global molybdenum use up in second quarter: IMOA Nov 27, 2013

    U.S. molybdenum usage increased in line with a global shift higher in the second quarter, according to International Molybdenum Association (IMOA) figures.

  • Titanium market outlook flat to year-end Nov 26, 2013

    Titanium spot market demand appears on track to remain flat through year-end as mills, consumers and distributors drive to pare inventory.

  • Doubt hovers over size of ‘14 copper surplus: Aurubis Nov 26, 2013

    Typhoon Haiyan in the Philippines is one of the factors casting doubt over the size of next year’s copper surplus, copper producer Aurubis AG said Nov. 26.

  • China’s nickel pig iron mart hit by oversupply, LME drop Nov 26, 2013

    China’s nickel pig iron (NPI) market took a further hit this week as falling nickel prices and ample supply led major steel mills to continue to reduce or roll over their purchase prices for next month.

  • Codelco, Freeport see scrap as a swing factor Nov 26, 2013

    The supply surplus emerging in the refined copper market is insignificant compared with the large swings in the supply of copper scrap as prices fluctuate.

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