Nonferrous RSS

  • US aiming to remove Russia from GSP eligibility program May 09, 2014

    The U.S. government is planning to remove Russia from the Generalized System of Preferences (GSP) program because the nation has "advanced beyond the level of economic development and competitiveness for GSP eligibility."

  • Moly prices jump on continued supply dearth May 09, 2014

    Molybdic oxide and ferromolybdenum spot prices have jumped again due to supply tightness, with the market now firmly in the hands of the few suppliers with material to offer.

  • AMG’s vanadium revenues jump 12 percent May 09, 2014

    Revenues at AMG Advanced Metallurgical Group NV’s vanadium division jumped 12 percent in the first quarter due to capacity expansion completed last year, despite low market prices across the company’s specialty metal divisions.

  • GBC shipments get boost from housing, auto demand May 09, 2014

    Global Brass & Copper Holdings Inc. (GBC) saw shipment volumes increase in the first quarter on the back of higher demand from end-markets such as building and housing, although demand from the electronic/electrical sector was lower.

  • Copper financing deals will continue: Noble May 09, 2014

    Copper financing deals will continue, but alarmist concerns of a cascade of metal being released into the market from warehouses are overstated, Noble Resources Ltd. analyst Duncan Hobbs said.

  • Russia tensions will hit commodities: Meir May 09, 2014

    Tensions between Russia and Ukraine are arguably the first Black Swan event of the year and could have serious implications for the commodities markets, a senior analyst at INTL FCStone Inc. said.

  • CME aluminum contract good for mart: traders May 08, 2014

    Initial reactions to CME Group Inc.’s new aluminum futures contract have been mostly positive, although sources warned that the long-term success of the contract hinges on active participation from all sides of the market.

  • First Nickel recalls workers after mine accident May 08, 2014

    First Nickel Inc. is recalling its workforce and resuming production at the Lockerby mine near Sudbury, Ontario, in the wake of a May 6 incident that claimed the lives of two workers

  • Airframe acquisitions still attractive for PCC May 08, 2014

    More airframe acquisitions are likely in the cards for Precision Castparts Corp. (PCC), chairman and chief executive officer Mark Donegan suggested during a quarterly earnings conference call this week.

  • Market to see copper deficit: Freeport Mc-MoRan May 08, 2014

    Global refined copper production is expected to reach 22.3 million tonnes in 2014, with consumption estimated at 28.1 million tonnes, one executive at Freeport-McMoRan Copper & Gold Inc. said.

  • New mandate could make trucking woes worse May 08, 2014

    Federal and state regulations have had a negative impact on trucking capacity and freight costs, but the worst isn’t over, according to Chris Shimoda, director of policy at the California Trucking Association.

  • Apollo’s 1st-qtr. earnings plunge May 08, 2014

    Apollo Global Management LLC’s net income fell sharply in the first quarter.

  • Copper expects boost from renewable energy May 08, 2014

    The renewable energy market, particularly wind and solar, is expected to become a major consumer of copper, said Zolaikha Strong, the Copper Development Association’s (CDA’s) director of sustainable energy.

  • Open-pit mining less risky, more economical: Rio Tinto May 08, 2014

    Open-pit mining is less risky and more economical than underground mining, according to a Rio Tinto Plc executive.

  • BTG Pactual hires former INTL FCStone trader May 08, 2014

    Former INTL FCStone Inc. trader Marsha Cooperider has joined Grupo BTG Pactual SA’s physical base metals team, people familiar with the matter told AMM.

  • Fuel economy drives Ford to aluminum May 08, 2014

    Ford Motor Co.’s switch to aluminum bodies for its F-150 pickup truck stems from its desire to be a trendsetter and to address looming fuel-economy standards, one industry consultant said.

  • Steel is fighting back vs. auto aluminum sheet May 07, 2014

    After being slow to join the battle against automotive aluminum sheet, the steel industry is fighting back with new advanced high-strength steels, industry executives said May 7.

  • Mine approvals too arduous: Ducey May 07, 2014

    Making the approval process for mining projects less arduous and lengthy will be a core theme of Arizona treasurer Doug Ducey’s campaign for governor, he said at the American Copper Council’s Copper College meeting in Tucson, Ariz.

  • Rusal, Reynolds back CME aluminum futures May 07, 2014

    United Co. Rusal (UC Rusal) and Reynolds Consumer Products Inc. have voiced their support for CME Group Inc.’s North American aluminum futures contract, which saw 56 contracts traded on its opening day May 6.

  • Worker deaths halt output at Lockerby May 07, 2014

    First Nickel Inc. has halted production at its Lockerby Mine near Sudbury, Ontario, after two workers died in an underground accident.

  • Correction: Augusta allowed to continue ‘poison pill’ plan May 07, 2014

    Due to a reporting error, stories posted to AMM’s website March 28 and May 5 incorrectly stated the amount of proven and probable copper reserves at Augusta Resource Corp.’s Rosemont copper project near Tucson, Ariz. The project has nearly 6 billion pounds of proven and probable reserves.

  • US titanium ready to fill any gap: RTI May 06, 2014

    The domestic titanium industry can offset any supply disruptions resulting from political tensions between the United States and Russia over events in Ukraine, according to RTI International Metals Inc.’s top executive.

  • CME Aluminum futures contract makes debut May 06, 2014

    CME Group Inc.’s aluminum futures contracts, intended to offer a North American benchmark for managing price risk, have been actively traded in their May 6 debut.

  • General Moly’s hopes lifted by rising moly tags May 06, 2014

    General Moly Inc.’s pursuit of financing for the Mount Hope project in Nevada has been buoyed by a recent rise in free-market molybdenum prices, the company said May 6.

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