Nonferrous RSS

  • Cunico Resources looking to grow ferronickel stance Apr 28, 2014

    Cunico Resources NV’s acquisition of the Mayaniquel SA project in Guatemala fits the company’s strategy of maintaining its position as a fully integrated ferronickel producer and targeting assets in emerging economies, it said.

  • Doe Run outlines lead plans Apr 28, 2014

    Exploration, technology and diversification will be key to the success of Doe Run Co., president and chief executive officer Jerry Pyatt told AMM in an interview.

  • Encore earnings climb in qtr. on improved wire margins Apr 25, 2014

    Encore Wire Corp.’s net income jumped 69.7 percent year on year in the first quarter as the spread between copper wire selling prices and raw material costs improved.

  • Avanti still awaiting Kitsault project permit Apr 25, 2014

    Avanti Mining Inc. remains focused on receiving government approval for its Kitsault molybdenum project in British Columbia despite again missing its forecast for receiving the necessary environmental permits.

  • Anfield Nickel agrees to sell main asset Apr 25, 2014

    Anfield Nickel Corp. has agreed to sell Guatemalan subsidiary Mayaniquel SA and its nickel laterite project to ferronickel producer Cunico Resources NV.

  • PolyMet, Glencore extend terms of debenture funds Apr 25, 2014

    PolyMet Mining Corp. has extended the terms of its financing with Glencore AG for $32.2 million in convertible debentures, it said April 25.

  • Ferromanganese spot prices increase Apr 25, 2014

    Spot prices for medium-carbon ferromanganese have risen, with market participants optimistic that the return of Felman Production LLC won’t affect silicomanganese pricing.

  • Noble alloy prices increase again on supply tightness Apr 25, 2014

    Noble alloy spot prices have spiked again, with molybdenum in particular showing a pronounced jump on the back of ongoing supply tightness.

  • Copper premiums up after Comex hits high Apr 25, 2014

    Copper cathode premiums edged up this past week amid a severe shortage of higher grades of copper scrap and a seasonal increase in copper demand.

  • Century Aluminum logs loss in qtr. Apr 24, 2014

    Despite higher sales, Century Aluminum Co. spilled red ink in the first quarter due to severe weather across much of the United States, historically high electricity rates and a $3.1-million charge for increased legal reserves.

  • Tight nickel market puts pressure on premiums Apr 24, 2014

    The spot market for refined nickel units remains tight in North America as a lack of available flowable material and long-term supply concerns continue to put upward pressure on premiums, market participants told AMM.

  • Freeport earnings drop on Grasberg Mine Apr 24, 2014

    Freeport-McMoRan Copper & Gold Inc.’s first-quarter net income tumbled 21.3 percent compared with the same month last year on the back of lower sales from its Grasberg operation in Indonesia and a drop in copper prices, the company said in its quarterly earnings report April 24.

  • Freeport might adjust moly output if weak mart lingers Apr 24, 2014

    Weak market conditions for molybdenum might lead Freeport-McMoRan Copper & Gold Inc. to adjust production at its North American mines, the company said.

  • Kaiser earnings fall despite shipments Apr 24, 2014

    Kaiser Aluminum Corp.’s earnings fell sharply in the first quarter despite record shipments of heat-treat plate and automotive extrusions.

  • Titanium scrap prices not flowing down: ATI Apr 23, 2014

    Titanium scrap prices have improved recently but the increases have yet to be reflected downstream, according to Allegheny Technologies Inc.’s (ATI’s) top executive.

  • KAAP operating despite incident Apr 23, 2014

    Kobe Aluminum Automotive Products LLC (KAAP) is reportedly still operating despite an “industrial incident” at its Bowling Green, Ky., facility that hospitalized two employees.

  • Winter weather hurts Noranda results Apr 23, 2014

    Harsh winter weather and high electricity prices negatively impacted Noranda Aluminum Holding Corp.’s production and raw material costs in the first quarter, plunging the company deep in the red.

  • Augusta weighing Rosemont interest Apr 23, 2014

    Augusta Resource Corp. is courting buyers as part of its strategic review process for its Rosemont copper project in Arizona.

  • Exide issues layoffs at Calif. smelting facility Apr 23, 2014

    Exide Technologies Ltd. will temporarily lay off more than 120 employees at its Vernon, Calif., lead smelting facility after failing to upgrade pollution controls at the facility.

  • Vale idles production at Copper Cliff mine Apr 23, 2014

    Vale SA has idled production at its Copper Cliff mine in Ontario’s Sudbury basin after an April 20 equipment malfunction.

  • ATI’s titanium shipments rise in quarter Apr 22, 2014

    Allegheny Technologies Inc.’s (ATI’s) first-quarter titanium shipments increased compared with the fourth quarter, buoyed by an apparent improvement in aerospace, but were down from the same period last year as "weak demand" in the industrial market also spurred an $8.3-million inventory write-down.

  • Teck posts lower profits, plans job reductions Apr 22, 2014

    Teck Resources Ltd. said it will reduce its global work force by 5 percent, or 600 jobs, after posting lower sales and earnings in the first quarter.

  • Falling copper prices pinch Mueller's results Apr 22, 2014

    Mueller Industries Inc. saw its first-quarter net income slip 5.7 percent year on year as declining copper prices offset an increase in net sales, the company said April 22.

  • Aluminum demand, exports down in Feb. Apr 22, 2014

    North American aluminum demand fell 4 percent in February compared with the same month last year, while aluminum ingot and mill product exports tumbled more than 25 percent.

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