Nonferrous RSS

  • 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.

  • DLA offering 4,250T of ferrochrome in May May 20, 2014

    DLA Strategic Materials is offering 3,000 short tons of high-carbon ferrochrome and 1,250 short tons of low-carbon ferrochrome for May. Bids close the afternoon of May 21.

  • Novelis mulls capacity growth for automotive May 19, 2014

    Novelis Inc. expects the automotive industry to account for 20 percent of its product mix by 2017, but the company would have to consider significant investments in capacity to capture market share beyond its current contractual obligations.

  • US metal firms said targets of Chinese spying May 19, 2014

    Chinese hackers allegedly have stolen sensitive economic data from U.S. metal companies, including U.S. Steel Corp. and Alcoa Inc.

  • Largo completes Maracás commissioning May 19, 2014

    Largo Resources Ltd. has begun warming the kiln at its Maracás vanadium project in Brazil and is preparing to start production of vanadium pentoxide.

  • HudBay extends bid for Augusta May 19, 2014

    HudBay Minerals Inc. has extended its offer to acquire Augusta Resource Corp.’s shares until 5 p.m. May 27.

  • 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.

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