Nonferrous

• Battle lines drawn as companies reject DRC’s proposed mining code May 08, 2013

  Mining companies in the Democratic Republic of Congo (DRC) have raised objections to the government’s proposed mining code, describing some clauses as "a step backwards."

• Globe eyes overseas acquisitions: executive May 08, 2013

  Globe Specialty Metals Inc. continues to mull potential acquisitions despite recent losses, lower silicon selling prices and operational problems, according to company executives.

• First Quantum earnings dip on Inmet buy May 07, 2013

  First Quantum Minerals Ltd.’s earnings dipped in the first quarter due to an increase in general and administrative costs related to the company’s acquisition of Inmet Mining Corp.

• Brass mill product imports down, exports up in March May 07, 2013

  U.S. brass mill product imports fell 3.6 percent in March compared with the same month last year, while total exports rose 1.8 percent, according to data released May 7 by the Copper & Brass Fabricators Council.

• Fire at Nichols facility causes ‘minimal’ damage May 07, 2013

  A fire in an external wall at Nichols Aluminum LLC’s Lincolnshire, Ill., facility was quickly extinguished and production was largely unaffected, according to a local fire chief.

• Heyco Metals promotes Mandle, Barry May 07, 2013

  Reading, Pa.-based Heyco Metals Inc. has promoted David Mandle to executive vice president and William Barry to vice president of sales and marketing.

• Orbite names Kelly chief operating officer May 07, 2013

  Orbite Aluminae Inc. has tapped resources industry veteran Glenn R. Kelly to serve in the newly created position of executive vice president and chief operating officer effective May 21.

• Globe's Bécancour producing during lockout May 07, 2013

  Globe Specialty Metals Inc. has continued to operate one of three furnaces at its silicon metal facility in Bécancour, Quebec, following a lockout by using management employees.

• Globe optimistic on Canadian silicon trade case May 07, 2013

  New York-based Globe Specialty Metals Inc. said it has high hopes for market opportunities that could result from a trade complaint the company filed last month against Chinese silicon shipped to Canada.

• TSX reviews Pure Nickel’s listing May 07, 2013

  The Toronto Stock Exchange (TSX) has started a review of Pure Nickel Inc. with respect to continued listing requirements, although the mining company said it "anticipates that it can demonstrate that it can meet the TSX criteria."

• Horsehead returns to profitability in first qtr. May 07, 2013

  Horsehead Holding Corp. returned to profitability in the first quarter after posting four consecutive quarterly losses as soaring zinc premiums more than offset lower shipment volumes, the Pittsburgh-based zinc producer and electric-arc furnace dust recycler said.

• Globe results pounded by low prices, outages, write-offs May 07, 2013

  Globe Specialty Metals Inc. fell deeply into the red in its fiscal third quarter as higher revenues weren’t enough to stem losses from longer-than-expected maintenance outages, overseas write-offs and lower selling prices.

• China’s slowdown leading metal prices to ‘new equilibrium’ May 07, 2013

  Lower-than-expected economic growth and a downward drift in commodity prices will become more evident this year as China’s new leadership begins a rebalancing and remodeling of the economy.

• Drew Industries targets third-party buyers, eyes steel alternatives May 06, 2013

  Drew Industries Inc. is increasingly selling aluminum extrusions to third parties as well as looking to offer aluminum alternatives to steel parts, an executive said.

• Alcoa bullish on downstream: Kleinfeld May 06, 2013

  Alcoa Inc. is cutting costs to cope with steep aluminum price declines even as the company predicts that downstream demand will surge in coming decades.

• India, Middle East emerge as new aluminum hubs May 06, 2013

  China is still the big story in primary aluminum production on a global scale, but India and the Middle East are coming up as rival hubs, analysts and participants in the sector said.

• Shale gas driving power prices down: Alcoa May 06, 2013

  The shale oil and gas boom in the United States is helping to reduce electricity costs and give big power consumers, such as aluminum smelters, more clout in rate negotiations, according to Alcoa Inc. chairman and chief executive officer Klaus Kleinfeld.

• Superior profits decline on increased costs in first qtr. May 03, 2013

  Superior Industries International Inc.’s profits dipped in the first quarter of 2013 compared with the year-ago period as labor and supply costs affected results.

• General Moly continues hunt for Mount Hope financing May 03, 2013

  General Moly Inc. said it is looking to reinvigorate stalled loan negotiations as the company continues its search for another Chinese strategic partner to finance its Mount Hope molybdenum project in Nevada.

• Copper Club to honor Vann, Koo May 03, 2013

  Rea Magnet Wire Co. Inc. chairman Jim Vann and LS-Nikko Copper Inc. chairman C.M. Koo have been chosen to receive the Copper Club’s Copper Man of the Year Ankh award.

• Aleris mill suffers 2d fire in less than two weeks May 03, 2013

  Aleris International Inc.’s Richmond, Va., facility was hit by a fire the morning of May 3 as workers were cleaning up from a blaze at the same location less than two weeks earlier.

• US copper cathode premiums rise significantly May 03, 2013

  U.S. copper cathode premiums have soared in the aftermath of a wall slide at Kennecott Utah Copper’s Bingham Canyon Mine.

• Globe locks out workers at Quebec silicon plant May 03, 2013

  Globe Specialty Metals Inc. has locked out workers at its plant in Becancour, Quebec.

• LME, Comex metal trading at record volumes in April May 03, 2013

  The London Metal Exchange and Comex both saw record-breaking trading volumes in metal contracts in April, as the steepest drop in gold prices in 20 years prompted massive liquidation across other assets.