Nonferrous RSS

  • Felman can’t reach deal on power rate May 28, 2014

    Felman Production LLC and Appalachian Power Co. Inc. (APCo) have not reached a deal on a new electricity rate due to a disagreement over how the silicomanganese producer’s discount should be calculated.

  • HudBay extends offer for Augusta shares May 28, 2014

    HudBay Minerals Inc. has extended its offer to acquire Augusta Resource Corp.’s shares until June 9.

  • Olin Brass shuts one Ill. casting unit May 27, 2014

    Olin Brass Corp. has shut down one of its casting units after an incident May 27 at its East Alton, Ill., facility, a company spokeswoman told AMM.

  • Lawsuit meant to shine light on zinc extras May 27, 2014

    Duncan Galvanizing Corp.’s lawsuit against the London Metal Exchange and warehousing companies over zinc pricing is aimed at revealing the cause of higher free-market zinc premiums rather than achieving financial gain, according to the company’s top executive.

  • Housing to drive copper demand in ’14: report May 27, 2014

    A boom in U.S. housing starts could drive demand for base metals, particularly copper, over the coming year, while public infrastructure and nonresidential construction may lag, according to AllianceBernstein LP.

  • Kobe, Toyota Tsusho eye auto aluminum venture May 27, 2014

    Japan’s Kobe Steel Ltd. and Toyota Tsusho Corp. are considering setting up a joint venture to produce automotive aluminum sheet in the United States.

  • LME to contest zinc price manipulation suit May 27, 2014

    The London Metal Exchange will "vigorously" contest a lawsuit filed against the exchange by Duncan Galvanizing Corp., which alleges anti-competitive and monopolistic behavior in the warehousing market in connection with zinc prices.

  • Copper cathode premiums hold firm May 23, 2014

    Copper cathode premiums remained steady May 22, but higher premiums could be seen going forward if demand picks up over the summer.

  • Sen. urges action in Russian ferrosilicon case May 23, 2014

    Sen. Sherrod Brown (D., Ohio) has accused Russian ferrosilicon exporters of undermining the U.S. Commerce Department’s anti-dumping investigation by “withholding key information necessary to determine the duties that would be imposed on Russian imports.”

  • Novelis boosts worker pay at Oswego plant May 23, 2014

    Novelis Inc. will give 3-percent annual pay raises for the next five years to nearly 600 hourly employees at its Oswego, N.Y., aluminum sheet facility and will make no changes to its pension plan for the same five-year period.

  • Noront to buy Cliffs exploration camp May 23, 2014

    Noront Resources Ltd. has reached an agreement to acquire an exploration camp from Cliffs Chromite Ontario Inc. for the development of its Eagle’s Nest nickel-copper project in northern Ontario’s Ring of Fire.

  • Augusta gets loan OK despite permit delay May 23, 2014

    Despite a delay in certain key permits for Augusta Resource Corp.’s Rosemont copper project near Tucson, Ariz., the company said it will still receive part of a loan facility from RK Mine Finance Trust that had been dependent on the permits.

  • Ferrochrome prices holding steady May 23, 2014

    Tightening high-carbon ferrochrome supplies are prompting major sellers to limit spot offers.

  • Silicon metal prices up as US imports curbed May 23, 2014

    Silicon metal prices have increased over the past month, with sources noting that issues with Brazil’s power supply had caused U.S. imports to fall dramatically.

  • Global copper deficit narrows: ICSG May 23, 2014

    The global refined copper market deficit narrowed to 5,000 tonnes in February from 123,000 tonnes the previous month, according to preliminary data from the International Copper Study Group (ICSG).

  • Pebble Mine developers sue EPA May 22, 2014

    Developers of the Pebble Mine copper-gold-molybdenum project in Alaska have filed a lawsuit against the U.S. Environmental Protection Agency seeking an injunction to suspend an EPA review of the project, the developers said May 22.

  • Nickel market tight, premiums hold firm May 22, 2014

    Strong demand from stainless steel and specialty alloy producers continues to drive tightness in the spot market for refined nickel units in North America, although the arrival of more material in recent weeks has helped maintain premiums, market participants told AMM.

  • JPMorgan adjusts global metals team May 22, 2014

    JPMorgan Chase & Co. has made a number of cuts in its metals team globally, sources familiar with the matter said.

  • Horsehead starts output at Mooresboro smelter May 22, 2014

    Horsehead Holding Corp. has begun production of zinc metal at its new Mooresboro, N.C., smelter.

  • Memorial Day holiday notice May 22, 2014

    AMM’s offices will be closed Monday, May 26, in observance of Memorial Day, and there will be no issue dated Tuesday, May 27. The New York Mercantile Exchange and the London Metal Exchange are also closed.

  • Century said looking to buy Ormet assets May 22, 2014

    Century Aluminum Co. is looking to purchase spare parts and equipment from Ormet Corp.’s Hannibal, Ohio, smelting facility, but not the entire plant, a source familiar with the matter said.

  • Johnson Brass idles foundry after accident May 21, 2014

    Alloy machining company Johnson Brass & Machine Foundry Inc. has shut down its foundry during an investigation into the cause of a May 19 accident that injured eight people.

  • Chinese metal firms may have obtained US data May 20, 2014

    Some of China’s biggest metal firms, as well as a Chinese nuclear power company, may have gained access to confidential information both from competitors and joint-venture partners in the United States that allegedly was stolen by Chinese military hackers.

  • Stainless scrap fluctuates as market eyes LME May 20, 2014

    Stainless scrap prices continue to fluctuate due to volatile London Metal Exchange nickel tags, with scrap market participants noting a lull in activity at the start of the week as suppliers waited for nickel to return to the 27-month highs seen last week.

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