Nonferrous RSS

  • First Quantum net soars on higher copper, nickel sales Jul 31, 2014

    First Quantum Minerals Ltd.’s earnings soared in the second quarter on a sharp jump in copper and nickel sales.

  • Taseko posts $2.4M profit in 2d qtr. Jul 31, 2014

    Taseko Mines Ltd. returned to the black in the second quarter due to a rise in copper production and lower operating costs.

  • Lundin earnings surge on higher nickel, lead output Jul 31, 2014

    Lundin Mining Corp. posted substantially improved results for the second quarter as the company prepares for the start up of its Eagle Mine project in Michigan later this year.

  • Boeing to build newest Dreamliner in SC Jul 31, 2014

    Boeing Co.’s South Carolina facility is due to grow in importance after being chosen as the exclusive final assembly site for the newest version of the 787 Dreamliner, disappointing some of the company’s largest unions.

  • HudBay posts slender profit on improved copper sales Jul 31, 2014

    HudBay Minerals Inc. returned to profitability in the second quarter due in part to higher copper sales.

  • General Cable posts loss, closes facilities Jul 31, 2014

    Copper and aluminum wire and cable producer General Cable Corp. has closed three manufacturing facilities in North America, India and Peru as part of its restructuring program.

  • Hecla Mining logs loss in qtr. despite higher sales, prices Jul 31, 2014

    Hecla Mining Co. fell into the red again in the second quarter despite higher sales and stronger lead and zinc prices.

  • Century Aluminum back in the black in 2d qtr. Jul 30, 2014

    Higher aluminum prices and lower power rates in the Midwest helped Century Aluminum Co. return to profitability in the second quarter.

  • HudBay completes Augusta Resource purchase Jul 30, 2014

    Copper and zinc miner HudBay Minerals Inc. has acquired 96 percent of the outstanding shares of Augusta Resource Corp., which owns the Rosemont copper project in Pima County, Ariz.

  • Aluminum supply glut threat said aggrandized Jul 30, 2014

    A narrowing contango in aluminum futures t could lead to a large amount of the material hitting the physical market, although some industry players said that the threat of a supply glut was being exaggerated by traders at major banks looking to cash in on short-term profits.

  • Orbite Aluminae net loss widens in qtr. Jul 30, 2014

    Orbite Aluminae Inc.’s net loss widened in the second quarter compared with a year earlier as it moves toward completion of a new high-purity alumina facility in Cap-Chat, Quebec.

  • Noront eyeing Cliffs’ chromite assets Jul 30, 2014

    Noront Resources Ltd. would consider acquiring Cliffs Natural Resources Inc.’s chromite assets in the Ring of Fire region of northern Ontario should the mining company’s management choose to divest them.

  • Avanti arranging $612M in financing for Kitsault Mine Jul 30, 2014

    Avanti Mining Inc. is arranging a $612-million secured debt financing facility to fund the construction of its Kitsault molybdenum mine in British Columbia.

  • Copper drop sinks Southern Copper results Jul 30, 2014

    Despite increased revenues from copper sales and higher zinc and molybdenum prices, Southern Copper Corp. reported a 9.5-percent year-on-year decline in second-quarter earnings due to a drop in average copper prices.

  • Primary aluminum sees revenue drop: Census Jul 29, 2014

    U.S. manufacturers of primary aluminum products saw significant drops in revenue and industrywide consolidation following the 2008 global financial crisis, according to the 2012 Economic Census.

  • Kodak files lawsuit against banks, LME Jul 29, 2014

    Eastman Kodak Co. has filed an antitrust lawsuit against Goldman Sachs Group Inc., JPMorgan Chase & Co., Glencore Xstrata Plc, the London Metal Exchange and others for allegedly scheming to inflate the value of aluminum stored in LME-approved warehouses.

  • Revenue bonds for CN Wire under review Jul 29, 2014

    New Mexico’s move to issue industrial revenue bonds to Turkey-based copper wire manufacturer CN Wire Corp. has been put on hold and will be subject to a hearing by the New Mexico State Board of Finance.

  • Aluminum shipments fall in June Jul 29, 2014

    North American aluminum shipments fell in June but rose year to date as "weakness in can sheet is offsetting gains in many other product types," according to Timothy Hayes, principal of New York-based Lawrence Capital Management Inc.

  • Boeing to reach titanium balance by ’15: ATI Jul 29, 2014

    Boeing Co.’s titanium inventory should be "in balance" by next year, according to the top executive at Allegheny Technologies Corp. (ATI)

  • Aluminum premium set to fall: Morgan Stanley Jul 28, 2014

    The premium paid for removing metal from London Metal Exchange warehouses could fall, driven by a flattening aluminum forward curve that could make finance deals less appealing, Morgan Stanley analyst Joel Crane said.

  • Ferrosilicon ruling unlikely to affect prices Jul 28, 2014

    The Commerce Department’s decision not to impose anti-dumping duties on U.S. imports of Russian ferrosilicon is not expected to impact the domestic market until 2015 contract negotiations begin later this year, market participants said.

  • Ford’s aluminum F-150 gets price hike Jul 28, 2014

    Ford Motor Co. has begun receiving orders from U.S. and Canadian dealers for the 2015 F-150, an aluminum-bodied pickup truck that will be priced slightly higher than the 2014 model.

  • Asarco will pay $40,000 to settle alleged water violation Jul 28, 2014

    Asarco LLC has agreed to pay a $40,000 penalty to settle allegations that it illegally discharged more than 1 million gallons of water mixed with mill tailings from its Ray copper mine into the Gila River, the Arizona Department of Environmental Quality (ADEQ) said.

  • General Moly's Liberty prefeasibility study done Jul 28, 2014

    General Moly Inc. has completed an updated prefeasibility study for its Liberty project in Nevada that estimates average annual production of 12.6 million pounds of molybdenum and 9.6 million pounds of copper over a 32-year mine life.

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