Nonferrous

• Mexican company sues Harvey Industries Jun 14, 2013

  Copper Metals Trade SA de CV has filed a lawsuit against Livonia, Mich.-based Harvey Industries LLC for allegedly failing to pay for five shipments of aluminum.

• A350 first flight good news for US suppliers Jun 14, 2013

  The maiden flight of the A350 on June 14 marked a milestone not only for Airbus SAS but also for a number of major U.S. contractors, among them suppliers of titanium parts and components.

• Ferrosilicon prices drop in competitive market Jun 14, 2013

  Ferrosilicon prices have dropped amid fierce competition for business between traders, with Nucor Corp. said to have concluded its tender.

• Silicomanganese traders confused by market Jun 14, 2013

  Silicomanganese trading activity has picked up but prices have trended down marginally, confusing traders who believe that impending supply constraints should be supporting prices.

• Planned Freeport Indonesia strike canceled Jun 14, 2013

  Union workers at PT Freeport Indonesia’s operations in Mimika, where the company’s Grasberg Mine is located, have canceled a planned strike that had been expected to start June 14.

• American Manganese waits out lull Jun 14, 2013

  American Manganese Inc. is looking to keep its Artillery Peak project in Arizona "intact and alive" amid a lull in both manganese prices and investors’ interest in junior miners.

• Glencore Xstrata signs credit facilities worth $17.3B Jun 14, 2013

  Glencore Xstrata has signed revolving credit facilities worth a total of $17.3 billion, the company said June 14.

• Glencore Xstrata chrome mines continue ‘minimal’ operations as strike persists Jun 14, 2013

  Three Glencore Xstrata Plc chrome mines in South Africa are conducting "minimal" operations as a strike that is now in its third week continues to adversely affect output, a company spokesman said.

• Alcoa to maintain Italy smelter one more year Jun 14, 2013

  Alcoa Inc. has agreed to maintain its Portovesme aluminum smelter on the Italian island of Sardinia until the end of June 2014, rather than just the end of this year, to allow more time for a possible sale, according to the Italian ministry of economic development.

• Gelwicks to succeed Snyder at helm of Hickman, Williams Jun 14, 2013

  Hickman, Williams & Co. president and chief executive officer William A. Snyder plans to retire Oct. 1. He will be succeeded by David Gelwicks, chief operating officer and vice president.

• Boeing joins forces on titanium powder Jun 13, 2013

  Boeing Co. and South Africa are teaming up to develop titanium powder manufacturing technology.

• Aluminum die caster MPP expanding Jun 13, 2013

  Aluminum die caster Madison Precision Products Inc. (MPP) has announced a $16-million expansion.

• P1020 premiums up, but demand lags Jun 13, 2013

  Midwest P1020 aluminum premiums have inched up over the past week amid a combination of attractive warehouse financing deals, a tight scrap market and increased freight costs, market sources said.

• Copper use will fall with switch to aluminum Jun 13, 2013

  Copper consumption will decline going forward as the price differential between the red metal and aluminum continues to encourage substitution, according to Jim Vann, Rea Magnet Wire Co. president and the Copper Club’s Copper Man of the Year.

• Bill Toler elected CBFC director Jun 13, 2013

  Global Brass & Copper Inc.’s William Toler has been elected a director of the Copper and Brass Fabricators Council (CBFC).

• EU passes transparency rules on payments to governments by miners Jun 13, 2013

  The European Parliament has voted to mandate that European companies that extract nonferrous metal ores anywhere in the world must disclose payments over €100,000 ($133,140) per year made to governments starting in 2015.

• Noront ‘Ring of Fire’ projects unaffected by Cliffs decision Jun 13, 2013

  Noront Resources Ltd. said its plans for the development of nickel-copper and chromite deposits in the Ring of Fire region of northern Ontario "have not changed in light of the announcement by Cliffs Natural Resources Inc. to temporarily suspend their environmental assessment activities" on the Black Thor chromite project.

• Rio Tinto delays first copper exports from Oyu Tolgoi Mine Jun 13, 2013

  Rio Tinto Plc has delayed the first copper exports from its $6.6-billion Oyu Tolgoi project in Mongolia until the end of June as it awaits final government approvals, a source at Oyu Tolgoi told AMM sister publication Metal Bulletin.

• Trafigura gets loan to develop Burnside site Jun 13, 2013

  Trafigura AG has closed on a $200-million tax-exempt long-term bond to pay for the development of its terminal in Burnside, La., which also serves bankrupt aluminum producer Ormet Corp.

• Rio Tinto to sell Mich. project to Lundin Mining for $325M Jun 13, 2013

  Rio Tinto Plc has agreed to sell its Eagle nickel-copper project in Michigan’s Upper Peninsula to Lundin Mining Corp. for $325 million.

• Deal has traders betting on fall in spot copper TC/RCs Jun 13, 2013

  The latest spot copper concentrate sale from BHP Billiton Plc’s Antamina Mine in Peru suggests traders are positioning themselves for a tightening in treatment and refining charges (TC/RCs) over the next few months.

• TPP could hurt US titanium firms: Seiner Jun 13, 2013

  A proposed trade agreement that would eliminate the current 15-percent tariff on titanium imports could have a "severe and adverse" impact on both domestic titanium producers and national security, an executive from Titanium Metals Corp. (Timet) testified this week.

• Century one step closer to Hawesville deal Jun 12, 2013

  Century Aluminum Co. and its electricity suppliers have reached an agreement on a power deal for the company’s Hawesville, Ky., smelter.

• Panoro mulls taking Antilla to production, Shaheen says Jun 12, 2013

  Panoro Minerals Ltd. is considering its options for bringing its Antilla copper project in Peru to production, company president and chief executive officer Luquman Shaheen told AMM this week.