Nonferrous

  • Low titanium scrap costs help RTI’s earnings Nov 07, 2013

    RTI International Metals Inc.’s profits skyrocketed in the third quarter due in part to falling scrap prices, with the company saying it sees its raw material costs dipping further in 2014.

  • LME nickel stocks hit new record high Nov 07, 2013

    Spot nickel premiums were unchanged Nov. 6, but some market participants forecast an upturn due to a dwindling supply of available material and low prices as stocks in London Metal Exchange-listed warehouses reached another record high.

  • LME rule breakers to face fines, bans Nov 07, 2013

    The London Metal Exchange might warn, fine or ban parties that act outside the letter or the spirit of new rules meant to cut out "structural" queues from its warehouse network, chief executive officer Garry Jones said Nov. 7.

  • Vale confirms Glencore Xstrata talks Nov 07, 2013

    Vale SA has confirmed that it is “studying potential synergies” with rival nickel producer Glencore Xstrata Plc.

  • Alcoa seeks timeline on more transparent LME Nov 07, 2013

    Alcoa Inc. called on the London Metal Exchange to provide a clear time line in which it plans to implement changes to create a more transparent marketplace.

  • Analysts, market react to LME’s warehouse policy Nov 07, 2013

    The London Metal Exchange’s warehousing regulation changes won’t have a major effect on the availability of aluminum to consumers, Robin Bhar, head of metals research at Société Générale SA, said.

  • Chilean copper output up in Sept.; Codelco stays flat Nov 07, 2013

    Chile’s copper production rose 5.4 percent year on year in September to 489,600 tonnes, according to national copper commission Cochilco.

  • LME warehouse rules meet regulatory obligations: FCA Nov 07, 2013

    The United Kingdom’s financial regulator has given its tacit backing to the London Metal Exchange’s rule changes by ensuring they are consistent with the exchange’s regulatory obligations.

  • LME cuts warehouse queue limit to 50 days Nov 07, 2013

    The London Metal Exchange has shortened the limit on the length of queues it will permit at individual warehouse locations to 50 days, down from a 100-day limit it proposed in July.

  • Quest plans $1.3B rare earths plant in Quebec Nov 06, 2013

    Rare earths miner Quest Rare Minerals Ltd. is planning a $1.3-billion hydrometallurgical plant in Bécancour, Quebec, it said Nov. 5 after announcing the results of a prefeasibility study on the facility and its Strange Lake rare earths mine.

  • Zinc industry vets form new venture Nov 06, 2013

    A group of zinc industry veterans sees a unique opportunity in the pending shutdown of Horsehead Holding Corp.’s Monaca, Pa., zinc production facility, and intends to capitalize.

  • ITA issues preliminary review results vs. China extrusions Nov 06, 2013

    The Commerce Department’s International Trade Administration (ITA) has issued its preliminary results on a changed circumstances review and request to revoke, in part, anti-dumping and countervailing duty orders on aluminum extrusions from China with respect to certain rectangular wire.

  • LME dents N. America rolled product volumes: Demetriou Nov 06, 2013

    Lower volumes at Aleris International Inc.’s North American rolled products segment in the third quarter were due in part to proposed changes to London Metal Exchange warehousing policies, which have increased customer uncertainty and pushed down the U.S. Midwest premium, the company said.

  • Aleris ramps up in China, hits snags in US, Europe Nov 06, 2013

    Aleris International Inc.’s new rolling mill in Zhenjiang, China, continued to ramp up production of commercial heat-treat and non-heat-treat plate in the third quarter, while facilities in North America and Europe suffered from production problems, the company said.

  • Wise, Toyota Tsusho mull auto sheet venture Nov 06, 2013

    Wise Metals Group LLC and Toyota Tsusho Corp. are mulling a joint venture to produce aluminum sheet for the automotive industry.

  • Aero glut, building sag drive Aleris losses Nov 06, 2013

    Aleris International Inc.’s losses mounted in the third quarter as an expected rebound in North American building and construction demand failed to materialize while customer destocking and an aerospace plate inventory overhang dragged results down.

  • HKEx net income climbs 10% through Sept. Nov 06, 2013

    Hong Kong Exchanges & Clearing Ltd. (HKEx) logged a 10-percent increase in net income for the first nine months of the year on the back of gains by the London Metal Exchange.

  • Aurubis issues profit warning on weaker prices Nov 06, 2013

    Aurubis AG issued a profit warning after metals sales fell in its fiscal fourth quarter and scrap and acid markets remained problematic.

  • Horsehead logs loss as Pa. facility winds down Nov 06, 2013

    Horsehead Holding Corp. remained in the red in the third quarter amid higher production costs as it prepares to shut its Monaca, Pa., facility.

  • Cheaper power is key to Mount Holly: Century Nov 06, 2013

    Century Aluminum Co. said a cheaper power contract is necessary to keep its jointly owned smelter in Mount Holly, S.C., in production.

  • Burnside doesn't 'dollar out,' Century concludes Nov 05, 2013

    Century Aluminum Co. kicked the tires at Ormet Corp.’s alumina refinery in Burnside, La., but decided against acquiring the facility.

  • Globe seeks to end lockout at Bécancour Nov 05, 2013

    Globe Specialty Metals Inc. hopes to reach an accord with locked out workers at its silicon metal plant in Canada as demand improves in several key end markets.

  • Globe posts loss on imports, lengthly lockout Nov 05, 2013

    Globe Specialty Metals Inc.’s losses widened to $6.9 million in its fiscal first quarter due to low priced imports and a lengthy lockout at its Canadian operation, according to the company.

  • Century questions ‘tight-lipped’ LME Nov 05, 2013

    Regional premiums fell during most of the third quarter but have recently firmed and even increased slightly, Century Aluminum Co. executives said.

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