Nonferrous RSS

  • Alcoa begins final clean-up at Vancouver site Dec 17, 2007

    Alcoa Inc., Pittsburgh, has begun the early stages of an accelerated clean-up schedule for the company’s former aluminum smelter along the Columbia River in Vancouver, Wash.

  • Rio commits $300M for Mich. nickel mine [UPDATE] Dec 17, 2007

    Rio Tinto has pledged $300 million for the development of a new primary nickel mine near Marquette, Mich.

  • Xstrata agrees to mill ore from Ursa Major project Dec 17, 2007

    Xstrata Plc’s Strathcona mill in Sudbury, Ontario, is expected to process about 185,000 tonnes of ore next year from the nearby Shakespeare nickel deposit being developed by Ursa Major Minerals Inc.

  • Alcoa begins final clean-up at Columbia River site Dec 17, 2007

    Alcoa Inc., Pittsburgh, has begun the early stages of an accelerated clean-up schedule for the company’s former aluminum smelter along the Columbia River in Vancouver, Wash.

  • Xstrata to process ore from Ursa Major’s Shakespeare project Dec 17, 2007

    Xstrata Plc’s Strathcona mill in Sudbury, Ontario, is expected to process about 185,000 tonnes of ore next year from the nearby Shakespeare nickel deposit being developed by Ursa Major Minerals Inc.

  • Rexam warns of currency effects on results Dec 17, 2007

    Rexam Plc, London, said its results for the second half of the year will be blunted by unfavorable currency exchange rates.

  • Nymex supports trading oversight reform in CFTC bill Dec 17, 2007

    The NewYork Mercantile Exchange has announced its support for the Commodities Futures Trading Commission (CFTC) Reauthorizationn Act of 2007.

  • Nymex to increase trading fees in January Dec 17, 2007

    The New York Mercantile Exchange is raising fees for Nymex and Comex futures and options contracts effective Jan. 2, 2008.

  • Low discounts mark deals for ferrovanadium Dec 14, 2007

    Ferrovanadium users who locked in 2008 contracts found much smaller discounts than in previous years, pushing contract terms closer to spot pricing and helping to ensure a brisk spot market next year, market sources said.

  • Ferrosilicon up on high numbers out of China Dec 14, 2007

    Ferrosilicon prices have risen as U.S. supply has tightened on the high cost of importing the alloy from China, according to market sources.

  • Borland to succeed Benitez at helm of Future Metals Dec 14, 2007

    Future Metals Inc. is in line for a new president as Mark G. Borland has been tapped to succeed the retiring Luis E. Benitez at the Tamarac, Fla.-based aerospace tubulars distributor.

  • Court says Grupo Mexico strike can continue Dec 14, 2007

    A federal court in Mexico has ruled that a four-month strike at Grupo Mexico SA de CV’s Cananea copper mine in Sonora state can continue, according to a Reuters report.

  • Ferrosilicon up on high numbers out of China Dec 14, 2007

    Ferrosilicon prices have risen as domestic supply has tightened on the high cost of importing the alloy from China, according to market sources.

  • Globe Metallurgical now expects Niagara Falls decision early in ’08 Dec 14, 2007

    Globe Metallurgical Inc. expects to make a decision on the restart of its 28,000-tonne-per-year silicon metal plant in Niagara Falls, N.Y., sometime early next year, according to a lawyer representing the company.

  • Globe expects to make Niagara decision early in ’08 Dec 14, 2007

    Globe Metallurgical Inc. expects to make a decision on the restart of its 28,000-tonne-per-year silicon metal plant in Niagara Falls, N.Y., sometime early next year, according to a lawyer representing the company.

  • More Chinese copper smelters settle with BHP Dec 14, 2007

    Chinese smelters Jiangxi Copper Co. Ltd. and Daye Non-Ferrous Metals Co. Ltd. have settled annual copper treatment and refining charges (TC/RCs) with BHP Billiton at $47.20 per tonne/4.72 cents a pound, according to traders.

  • Jiangxi Copper, Daye settle ’08 TC/RCs with BHP Dec 14, 2007

    Chinese smelters Jiangxi Copper Co. Ltd and Daye Non-Ferrous Metals Co. Ltd. have settled annual copper treatment and refining charges (TC/RCs) with BHP Billiton at $47.20 per tonne/4.72 cents a pound, according to traders.

  • Freeport’s Snider to retire, Adkerson to get president’s hat Dec 14, 2007

    Richard C. Adkerson, chief executive officer of Freeport-McMoRan Copper & Gold Inc., will gain the additional title of president with the retirement of Timothy R. Snider next April, the company said Thursday.

  • Cash-rich HudBay carves out next steps Dec 13, 2007

    HudBay Minerals Inc., Winnipeg, Manitoba, will spend Canadian $42.8 million ($41.9 million) on exploration activities in 2008 while it actively seeks out takeover opportunities and uses some of its war chest to buy back stock.

  • Adkerson to add president’s title as Snider sets April 1 exit Dec 13, 2007

    Richard Adkerson, chief executive officer of Freeport-McMoRan Copper & Gold Inc., will gain the additional title of president with the retirement of Tim Snider next April, the company said Thursday.

  • Copper prices slide as firmer US retail sales prop up dollar Dec 13, 2007

    Copper on the Comex division of the New York Mercantile Exchange dipped below $3 a pound Thursday as investors remained cautious and the dollar strengthened following better-than-expected retail sales figures and news of a plan by central banks to boost liquidity.

  • Bolton Metal to scratch 78 jobs in restructuring Dec 13, 2007

    Bolton Metal Products Co., Bellefonte, Pa., plans to lay off 78 union workers by Dec. 31 as part of a restructuring that will see the company focus more on specialty brass products, sizes and alloys.

  • Copper falls as firmer retail sales boost dollar Dec 13, 2007

    Copper on the Comex division of the New York Mercantile Exchange dipped below $3 a pound Thursday as investors remained cautious and the dollar strengthened following better-than-expected retail sales figures and news of a plan by central banks to boost liquidity.

  • Kaiser ups credit line, pays off $50M term loan Dec 13, 2007

    Kaiser Aluminum Corp., Foothill Ranch, Calif., has increased its revolving credit facility to $265 million from $200 million and repaid its only outstanding funded debt, a $50-million term loan. Kaiser expects to save about $2 million annually by repaying the term loan, the company said Thursday.

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