Nonferrous RSS

  • Victory Nickel ‘encouraged’ by rising LME nickel prices May 17, 2014

    Victory Nickel Inc. is "encouraged" by rising London Metal Exchange nickel prices in the first quarter of 2014 and is continuing commissioning of its 500,000-ton-per-year frac sand processing facility in Alberta, the junior miner said in its first-quarter financial report May 16.

  • Labor board rules against Boeing in union squabble May 16, 2014

    The National Labor Relations Board has ruled that Boeing Co. committed unfair labor practices by photographing and videotaping members of its largest white-collar union during “solidarity events” at the company’s facilities.

  • Titanium tags remain ‘dead flat’ in quiet market May 16, 2014

    Spot prices on commodity titanium mill products remain stalled at the same level they have been for most of the year, market sources said this past week.

  • Harsh winter sends Aleris into red in qtr. May 16, 2014

    Aleris International Inc. fell into the red in the first quarter due to severe winter weather conditions, a volatile Midwest premium and a weaker U.S. dollar.

  • Novelis aims to grow auto sector sales May 16, 2014

    Novelis Inc. expects aluminum shipments to the automotive sector to account for 20 percent of its product mix by 2017 and potentially 25 percent "by the end of the decade," president and chief executive officer Phil Martens said during the company’s earnings conference call May 16.

  • Zinc premiums ease slightly amid terminal mart strength May 16, 2014

    Zinc premiums inched down this past week as strength in the terminal markets led sellers to offer slight discounts on special-high-grade material.

  • Dynacast back in the black in 1st quarter May 16, 2014

    Dynacast International Inc. returned to profitability in the first quarter due in part to increased demand for consumer electronics.

  • High-carbon ferrochrome prices inch up May 16, 2014

    High-carbon ferrochrome prices have inched up as robust contract offtake limits spot supply from some sellers.

  • Alcoa, union workers reach tentative agreement May 16, 2014

    Alcoa Inc. has reached a tentative deal on a new five-year master labor agreement with the United Steelworkers union.

  • Ferromoly prices approach 3-year high May 16, 2014

    Ferromolybdenum prices continued to rise this past week while molybdic oxide prices have stalled, but some market participants said they expect a resolution soon.

  • GM sees aluminum usage increasing May 16, 2014

    General Motors Co. expects aluminum usage in mass-market vehicles to increase significantly over the next decade, although it is still learning how to work with the material on a "massive scale," a technical fellow in the company’s global manufacturing engineering unit said.

  • Noranda Income Fund’s net sinks in qtr. May 16, 2014

    Noranda Income Fund’s earnings plunged in the first quarter due in part to lower zinc metal sales and byproduct revenue and higher costs.

  • Aluminum extruders eye auto, solar growth May 15, 2014

    U.S. aluminum extruders remain upbeat about the prospects for increased demand in 2014, but concerns persist for sectors that continue to feel the impact of the 2008 economic downturn, including building construction, panelists at AMM’s Aluminum Summit in Philadelphia said.

  • Timet to pay record toxic dumping fine May 15, 2014

    Titanium Metals Corp. (Timet) will pay a $13.75-million fine as part of a deal with the U.S. Environmental Protection Agency stemming mainly from the alleged unauthorized production and disposal of polychlorinated biphenyls (PCBs) at its Henderson, Nev., sponge plant.

  • Alcoa workers authorize strike if no deal May 15, 2014

    Alcoa Inc.’s unionized workers have voted unanimously to authorize a strike if the two sides fail to reach a new master agreement ahead of its midnight May 15 expiration.

  • Physical aluminum contract needed to help mart May 15, 2014

    The North American aluminum market needs exchange-traded physical contracts that allow market players to actively participate in a regional pricing strategy and properly manage risk exposure, according to panelists at AMM’s Aluminum Summit in Philadelphia.

  • LME nickel price ‘drops like a stone’ on rush to liquidate May 15, 2014

    Nickel has fallen more than $2,500 per tonne since Wednesday’s official settlement following a wave of selling that began as Chinese markets opened May 15 in a market that some traders thought had risen too far too fast.

  • Capital infusion gives Mercator boost May 14, 2014

    Mercator Minerals Ltd. posted its third consecutive quarterly loss but reported improving production and throughput rates as a result of an infusion of capital from Daselina Investments Ltd., the controlling shareholder of Intergeo MMC Ltd., with which Mercator is set to merge.

  • Carbon fiber use said benefiting Alcoa May 14, 2014

    Alcoa Inc. expects to benefit from the increased use of composite materials in the aerospace sector due to the company’s strong position in fastening systems and propulsion technology, according to executive vice president and chief financial officer William F. Oplinger.

  • Imperial Metals net falls on low copper tags May 14, 2014

    Canadian miner Imperial Metals Corp. reported a substantial decline in earnings in the first quarter due to lower metal prices despite higher shipments of copper and gold.

  • W.Va. confirms Felman ruling for energy rate May 14, 2014

    The Public Service Commission (PSC) of West Virginia has denied two petitions opposing its order awarding Felman Production LLC a special electricity rate from Appalachian Power Co. Inc. (APCo).

  • BHP may offer Nickel West for sale in wake of mine halt May 14, 2014

    BHP Billiton Ltd. is considering selling its Nickel West operations in Western Australia following a production halt at its Leinster Perseverance underground mine last year.

  • US brass mill imports, exports diverge May 14, 2014

    U.S. imports of brass mill products rose in March compared with the same month last year while exports were virtually flat, according to the latest statistics from the Copper and Brass Fabricators Council.

  • First Nickel posts bigger loss on 26-percent output drop May 13, 2014

    First Nickel Inc. fell deeper into the red in the first quarter on a "significant" decrease in revenue due to a 26-percent drop in contained nickel pounds produced compared with a year earlier.

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