Nonferroushttp://www.amm.com©2014 www.amm.com60NonferrousAluminum billet upcharges hold steadyAluminum billet upcharges remained unchanged this past week as market players said that strong demand continued to bolster the billet and extrusion markets., 01 Aug 2014 23:04:00 GMTEast Penn Manufacturing names new chiefLead-acid battery maker East Penn Manufacturing Co. Inc. named Daniel Langdon its new chief executive officer after the death of former chief executive Sally Miksiewicz, Langdon confirmed to AMM., 01 Aug 2014 23:04:00 GMTAluminum alloys pricing firm despite Nasaac dropA steady aluminum scrap market will prevent secondary aluminum alloy makers from lowering ingot prices, despite a dramatic drop in terminal exchanges over the past month., 01 Aug 2014 22:36:00 GMTEncore to expand Texas aluminum wire facilityEncore Wire Corp. plans to expand its aluminum building wire facility in McKinney, Texas, the copper and aluminum wire maker said July 30., 01 Aug 2014 22:22:00 GMTFerrovanadium tags soften further; moly steadyFerrovanadium spot prices have softened further as suppliers continue to bow out of the spot market, while molybdenum prices appear to have settled after tailing off in recent weeks., 01 Aug 2014 20:27:00 GMTJaguar to use Novelis high-recycle alloyJaguar Land Rover Ltd. will use a new lightweight aluminum alloy on its 2016 Jaguar XE, a new compact premium sports sedan., 01 Aug 2014 19:57:00 GMTHigh-carbon ferrochrome prices rise on solid demandHigh-carbon ferrochrome prices have ticked up, with steel producers continuing to exhibit strong consumption through the summer., 01 Aug 2014 19:00:00 GMTCongress approves $10.9B Highway Trust Fund measureA last-minute measure to provide $10.9 billion to the federal Highway Trust Fund, allowing state construction projects to continue uninterrupted, was approved by Congress July 31., 01 Aug 2014 16:45:00 GMTFirst Quantum net soars on higher copper, nickel salesFirst Quantum Minerals Ltd.’s earnings soared in the second quarter on a sharp jump in copper and nickel sales., 31 Jul 2014 23:26:00 GMTTaseko posts $2.4M profit in 2d qtr.Taseko Mines Ltd. returned to the black in the second quarter due to a rise in copper production and lower operating costs., 31 Jul 2014 23:04:00 GMTLundin earnings surge on higher nickel, lead outputLundin Mining Corp. posted substantially improved results for the second quarter as the company prepares for the start up of its Eagle Mine project in Michigan later this year., 31 Jul 2014 22:54:00 GMTBoeing to build newest Dreamliner in SCBoeing Co.’s South Carolina facility is due to grow in importance after being chosen as the exclusive final assembly site for the newest version of the 787 Dreamliner, disappointing some of the company’s largest unions., 31 Jul 2014 22:46:00 GMTHudBay posts slender profit on improved copper salesHudBay Minerals Inc. returned to profitability in the second quarter due in part to higher copper sales., 31 Jul 2014 21:49:00 GMTGeneral Cable posts loss, closes facilitiesCopper and aluminum wire and cable producer General Cable Corp. has closed three manufacturing facilities in North America, India and Peru as part of its restructuring program., 31 Jul 2014 21:05:00 GMTHecla Mining logs loss in qtr. despite higher sales, pricesHecla Mining Co. fell into the red again in the second quarter despite higher sales and stronger lead and zinc prices., 31 Jul 2014 20:14:00 GMTCentury Aluminum back in the black in 2d qtr.Higher aluminum prices and lower power rates in the Midwest helped Century Aluminum Co. return to profitability in the second quarter., 30 Jul 2014 23:57:00 GMTHudBay completes Augusta Resource purchaseCopper and zinc miner HudBay Minerals Inc. has acquired 96 percent of the outstanding shares of Augusta Resource Corp., which owns the Rosemont copper project in Pima County, Ariz., 30 Jul 2014 23:42:00 GMTAluminum supply glut threat said aggrandizedA narrowing contango in aluminum futures t could lead to a large amount of the material hitting the physical market, although some industry players said that the threat of a supply glut was being exaggerated by traders at major banks looking to cash in on short-term profits., 30 Jul 2014 21:49:00 GMTOrbite Aluminae net loss widens in qtr.Orbite Aluminae Inc.’s net loss widened in the second quarter compared with a year earlier as it moves toward completion of a new high-purity alumina facility in Cap-Chat, Quebec., 30 Jul 2014 20:57:00 GMTNoront eyeing Cliffs’ chromite assetsNoront Resources Ltd. would consider acquiring Cliffs Natural Resources Inc.’s chromite assets in the Ring of Fire region of northern Ontario should the mining company’s management choose to divest them., 30 Jul 2014 20:18:00 GMTAvanti arranging $612M in financing for Kitsault MineAvanti Mining Inc. is arranging a $612-million secured debt financing facility to fund the construction of its Kitsault molybdenum mine in British Columbia., 30 Jul 2014 19:43:00 GMTCopper drop sinks Southern Copper resultsDespite increased revenues from copper sales and higher zinc and molybdenum prices, Southern Copper Corp. reported a 9.5-percent year-on-year decline in second-quarter earnings due to a drop in average copper prices., 30 Jul 2014 00:11:00 GMTPrimary aluminum sees revenue drop: CensusU.S. manufacturers of primary aluminum products saw significant drops in revenue and industrywide consolidation following the 2008 global financial crisis, according to the 2012 Economic Census., 29 Jul 2014 23:54:00 GMTKodak files lawsuit against banks, LMEEastman Kodak Co. has filed an antitrust lawsuit against Goldman Sachs Group Inc., JPMorgan Chase & Co., Glencore Xstrata Plc, the London Metal Exchange and others for allegedly scheming to inflate the value of aluminum stored in LME-approved warehouses., 29 Jul 2014 23:29:00 GMTRevenue bonds for CN Wire under reviewNew Mexico’s move to issue industrial revenue bonds to Turkey-based copper wire manufacturer CN Wire Corp. has been put on hold and will be subject to a hearing by the New Mexico State Board of Finance., 29 Jul 2014 00:27:00 GMTAluminum shipments fall in JuneNorth American aluminum shipments fell in June but rose year to date as "weakness in can sheet is offsetting gains in many other product types," according to Timothy Hayes, principal of New York-based Lawrence Capital Management Inc., 29 Jul 2014 00:18:00 GMTBoeing to reach titanium balance by ’15: ATIBoeing Co.’s titanium inventory should be "in balance" by next year, according to the top executive at Allegheny Technologies Corp. (ATI), 29 Jul 2014 00:10:00 GMTAluminum premium set to fall: Morgan Stanley The premium paid for removing metal from London Metal Exchange warehouses could fall, driven by a flattening aluminum forward curve that could make finance deals less appealing, Morgan Stanley analyst Joel Crane said., 28 Jul 2014 22:42:00 GMTFerrosilicon ruling unlikely to affect pricesThe Commerce Department’s decision not to impose anti-dumping duties on U.S. imports of Russian ferrosilicon is not expected to impact the domestic market until 2015 contract negotiations begin later this year, market participants said., 28 Jul 2014 21:34:00 GMTFord’s aluminum F-150 gets price hikeFord Motor Co. has begun receiving orders from U.S. and Canadian dealers for the 2015 F-150, an aluminum-bodied pickup truck that will be priced slightly higher than the 2014 model., 28 Jul 2014 20:18:00 GMTAsarco will pay $40,000 to settle alleged water violationAsarco LLC has agreed to pay a $40,000 penalty to settle allegations that it illegally discharged more than 1 million gallons of water mixed with mill tailings from its Ray copper mine into the Gila River, the Arizona Department of Environmental Quality (ADEQ) said., 28 Jul 2014 19:25:00 GMTGeneral Moly's Liberty prefeasibility study doneGeneral Moly Inc. has completed an updated prefeasibility study for its Liberty project in Nevada that estimates average annual production of 12.6 million pounds of molybdenum and 9.6 million pounds of copper over a 32-year mine life., 28 Jul 2014 15:29:00 GMTRussian ferrosilicon escapes US dutiesU.S. imports of Russian ferrosilicon have escaped anti-dumping duties after the Commerce Department confirmed its preliminary negative ruling, but Venezuelan shipments will face duties of more than 20 percent., 25 Jul 2014 20:40:00 GMTMississippi Silicon, Rima undeterred by lawsuitMississippi Silicon LLC and Rima Industrial SA said they are proceeding with the construction of a silicon metal production facility in Mississippi "without delay," despite another lawsuit filed by a subsidiary of Globe Specialty Metals Inc., 25 Jul 2014 19:52:00 GMTRegulators against Noranda rate dealMissouri utility regulators have said they would deny Noranda Aluminum Holding Corp.’s request for a lower electric rate from power provider Ameren Missouri, dealing it a potentially serious setback., 25 Jul 2014 19:21:00 GMTFreeport to resume exports from Grasberg MineFreeport-McMoRan Inc. has signed a memorandum of understanding with the Indonesian government allowing it to resume copper concentrate exports from its Grasberg Mine., 25 Jul 2014 17:10:00 GMTVale nickel output falls amid planned outage at SudburyVale SA reported lower nickel production in the second quarter due to decreased output at its Sudbury operations in Ontario, according to the miner’s quarterly production report., 25 Jul 2014 16:54:00 GMTBrazil outages could boost US silicon pricesSilicon production outages in Brazil could lead to supply shortfalls and spot price increases if the situation continues, North American silicon market participants said, although manganese alloy suppliers expect little impact on their market., 24 Jul 2014 23:30:00 GMTKaiser plans extrusion growth on auto strengthKaiser Aluminum Corp. is actively expanding its automotive extrusion capabilities in an effort to meet spiking demand from the sector, the company’s top executive said., 24 Jul 2014 22:23:00 GMTTeck earnings slide in second quarterTeck Resources Ltd.’s second-quarter earnings were dented by weaker copper results, but profits from its zinc business surged due in part to stronger sales and higher pricing., 24 Jul 2014 20:48:00 GMTPension trust’s move to block Ormet smelter sale rejectedA bankruptcy court judge has rejected the Steelworkers Pension Trust’s motion to stop the sale of Ormet Corp.’s aluminum smelter in Hannibal, Ohio., 24 Jul 2014 18:15:00 GMTStronger aero, auto demand lift Kaiser's netKaiser Aluminum Corp.’s net income climbed in the second quarter as improved demand for aerospace, automotive and extrusion applications helped offset lower prices for heat-treat plate products., 24 Jul 2014 00:53:00 GMTFreeport-McMoRan bullish on copper pricesFreeport-McMoRan Inc.’s realized copper prices have been flat, but the company expects prices to be strong going forward., 23 Jul 2014 22:25:00 GMTStrong demand lifts Freeport’s moly pricesFreeport-McMoRan Inc. has credited improved demand for a rise in molybdenum prices in the second quarter., 23 Jul 2014 20:01:00 GMTSchumer backs US ferrosilicon firmsSen. Charles Schume has urged the Commerce Department to consider allegations from companies including Globe Specialty Metals Inc. that Russian suppliers of ferrosilicon "misreported critical facts" during the agency’s anti-dumping investigation., 22 Jul 2014 23:56:00 GMTNoranda Income Fund logs loss in 2d qtr.Noranda Income Fund, which owns a zinc processing facility in Quebec, posted a second-quarter net loss due to an unplanned maintenance outage, electrical equipment failures and lower zinc metal production and sales., 22 Jul 2014 23:28:00 GMTGlobal refined copper mart deficit widens in April: ICSGThe global refined copper market deficit widened to 183,000 tonnes in April from an 84,000-tonne deficit the previous month, according to preliminary data from the International Copper Study Group., 22 Jul 2014 20:54:00 GMTAcquisitions boost Mueller 2d-qtr. resultsCopper, brass and aluminum pipe and tube maker Mueller Industries Inc. saw its second-quarter earnings jump 37.8 percent from a year earlier after adjusting for a $65.6-million gain from an insurance claim settled in the second quarter of 2013., 22 Jul 2014 20:39:00 GMTUS aluminum extruders weighing trade actionU.S. aluminum extruders are considering filing a trade complaint after it emerged that a Chinese-owned billet producer is storing a massive stockpile of aluminum extrusions at a facility in Mexico., 22 Jul 2014 19:29:00 GMTCIT rules for Golden Dragon in copper tube trade caseThe U.S. Court of International Trade (CIT) has dismissed a lawsuit filed by domestic copper tube producers in an anti-dumping trade case involving Golden Dragon Precise Copper Tube Group Inc., 22 Jul 2014 18:00:00 GMTCentury labor deal ratified by USWUnionized workers at Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Co., have ratified a new five-year collective bargaining agreement., 21 Jul 2014 22:53:00 GMTAircraft, engine backlogs lift aerospace metalsBacklogs for airliners and engines are providing a "momentum lift" to aerospace metals, according to some industry analysts., 21 Jul 2014 22:23:00 GMTOrmet wins approval to sell smelterA Delaware bankruptcy court judge has approved Ormet Corp.’s $25.25-million sale of its shuttered aluminum smelter in Hannibal, Ohio, to Niagara Worldwide LLC., 21 Jul 2014 18:50:00 GMTPebble copper mine would pose fishery riskThe federal Environmental Protection Agency has dealt another blow to the proposed Pebble copper mine in Alaska., 21 Jul 2014 14:32:00 GMTAmerigo misses 2d-qtr. copper output targetCopper miner Amerigo Resources Ltd. failed to meet its copper output target in the second quarter due to lower grades for both old and fresh tailings at its Minera Valle Central Mine in Chile., 18 Jul 2014 21:00:00 GMTLME aluminum prices hit 16-month highAluminum prices rose to a 16-month high July 17 as market participants said that a noticeable uptick in fund buying—speculative trading—had bolstered terminal markets., 18 Jul 2014 20:46:00 GMTCopper premiums dip in quiet marketSummer sluggishness and a decline in spot market demand for copper pushed copper premiums down to 6 to 6.5 cents per pound from 7 to 7.5 cents previously, according to market sources surveyed by AMM., 18 Jul 2014 18:26:00 GMTLundin's Eagle project delivers first ore shipmentLundin Mining Corp. has delivered the first mine-to-mill ore shipment at its Eagle nickel-copper mine in Michigan, with the project remaining “well on schedule” for concentrate production later this year, it said July 16., 17 Jul 2014 22:58:00 GMTRoyal Nickel secures additional funding for DumontRoyal Nickel Corp. (RNC) has secured an additional Canadian $750,000 ($697,000) in financing after underwriters exercised an overallotment option on a public offering that the company closed earlier this month., 17 Jul 2014 22:44:00 GMTMidwest aluminum premiums steadyMidwest aluminum premiums held firm this week, although the majority of market participants polled by AMM said that premiums are likely to trend higher through the end of summer., 17 Jul 2014 21:47:00 GMTConbraco denies violating alloy patentsConbraco Industries Inc. is asking a federal court in North Carolina to rule that it has not violated two patents for copper alloys held by Mitsubishi Shindoh Co. Ltd., 17 Jul 2014 21:38:00 GMTHudBay acquires 92% of Augusta sharesCopper and zinc producer HudBay Minerals Inc. has acquired 92 percent of the outstanding shares of Augusta Resource Corp., which owns the Rosemont copper project in southern Arizona., 17 Jul 2014 20:22:00 GMTMTI expanding capabilities with 1,200-ton forming pressMetal Technology Inc. (MTI) has installed a 1,200-ton press at its Albany, Ore., facility that will expand its deep-draw and forming capabilities for titanium and other metals., 17 Jul 2014 15:14:00 GMTAluminum gets boost from aerospace, autosNorth American service center aluminum shipments in June moved higher as strong demand from the automotive and aerospace industries continued to bolster orders., 16 Jul 2014 23:59:00 GMTAurubis Buffalo faces lawsuit Freight broker Command Transportation LLC is suing copper and brass mill Aurubis Buffalo Inc. for allegedly failing to pay shipping charges totaling nearly $222,000., 16 Jul 2014 23:04:00 GMTNovelis labor hearing begins in SyracuseCourt proceedings aimed at determining whether executives from Novelis Inc. threatened employees at the company’s Oswego, N.Y., facility have commenced., 16 Jul 2014 22:13:00 GMTSupply issues said to lift copper pricesCopper supply issues are likely to push prices higher, according to analysts and market participants, but premiums remain unaffected as weak demand in certain segments and a slowdown in summer business has reduced the urgency for spot copper., 16 Jul 2014 21:59:00 GMTSteel still on top despite Camry shift: SMDIAutomotive steel proponents said that the material is in wide use today and should remain so due to its superior cost-benefit breakdown, despite reports that Toyota Motor Corp. is intensifying the use of aluminum in its 2018 Camry., 16 Jul 2014 21:18:00 GMTDLA Strategic Materials puts ferrochrome on offer for JulyDLA Strategic Materials has offered 3,000 short tons of high-carbon ferrochrome and 1,120 short tons of low-carbon ferrochrome for sale this month., 16 Jul 2014 21:13:00 GMTKaiser Aluminum exec resigns new postKaiser Aluminum Corp.’s executive vice president of strategy has resigned just one month after being promoted to the position, according to a July 11 filing with U.S. Securities and Exchange Commission., 16 Jul 2014 16:55:00 GMTCommerce to name data chiefThe U.S. Commerce Department will hire its first-ever chief data officer, but AMM has been told that no changes are in the works for metals-related data., 16 Jul 2014 16:24:00 GMTNew technology may boost copper wiringThe use of copper wiring in broadband data transmission has been given a shot in the arm after a new technology from Alcatel-Lucent set a world record for data transmission speeds over copper telephone lines., 15 Jul 2014 23:14:00 GMTStainless steel scrap pricing trends sidewaysStainless steel scrap prices were relatively stable this week due in part to steady London Metal Exchange nickel prices, with market participants noting comfortable supply-side dynamics amid a summer slowdown in activity., 15 Jul 2014 20:00:00 GMTCopper, brass service center shipments tumbleCopper and brass shipments by service centers dropped in May compared with a year earlier, according to Copper and Brass Servicenter Association (CBSA) data., 15 Jul 2014 19:18:00 GMTMercator-Intergeo merger threatenedMercator Minerals Ltd. is considering alternatives after Intergeo MMC Ltd. told the copper-molybdenum mining company that it may not extend the deadline for their merger agreement., 15 Jul 2014 17:32:00 GMTSignature to upgrade press lineSignature Aluminum Canada Inc. has selected Granco Clark Inc. to supply performance upgrades to its existing 3,000-ton extrusion line., 15 Jul 2014 14:28:00 GMTWTO sides with India in complaint against USIndian steelmakers did not benefit from some government subsidies, contrary to claims by the United States, a World Trade Organization (WTO) panel ruled July 14., 14 Jul 2014 23:22:00 GMTToyota to expand use of aluminum in CamryToyota Motor Corp. will dramatically expand the use of aluminum body panels and structures in its 2018 Camry, a major step in a global shift toward increased aluminum usage in cars and trucks., 14 Jul 2014 22:45:00 GMTAlcoa supply deal intrudes on titaniumAlcoa Inc.’s $1.1-billion deal to supply aluminum fan blade forgings to Pratt & Whitney Corp. (P&W) represents another inroad into one of titanium’s major aircraft engine roles., 14 Jul 2014 21:37:00 GMTHecla sees increased zinc, lead output at Lucky StrikeLead and zinc miner Hecla Mining Co. produced 10,230 tons of lead and 17,383 tons of zinc at its Lucky Friday Mine in Coeur d’Alene, Idaho, during the second quarter., 14 Jul 2014 20:21:00 GMTFerrochrome consumption mixed in AprilHigh-carbon ferrochrome consumption in the United States trended down in April compared with March, but year-to-date ferrochrome consumption was up from last year’s level, according to U.S. Geological Survey statistics., 14 Jul 2014 20:03:00 GMTOrbite facility step closer to completionOrbite Aluminae Inc. is moving closer to completing its high-purity alumina production facility in Cap-Chat, Quebec., 14 Jul 2014 19:35:00 GMTCME approves warehouse in Mich. to store aluminumCME Group Inc. has approved Dearborn Distribution Services Inc.’s application to store aluminum against the Comex aluminum futures contract at the warehouse company’s Dearborn, Mich., facility., 14 Jul 2014 16:51:00 GMTLME, banks face another zinc lawsuitGalvanizers Co. has filed a class-action lawsuit against the London Metal Exchange, Glencore Xstrata Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and their respective warehousing units over alleged warehouse manipulation that it claims has driven up U.S. zinc premiums, 11 Jul 2014 22:43:00 GMTFerrochrome prices climb on strong demand Ferrochrome spot prices have moved up on the back of sustained strong demand and tight supply, while ferrovanadium and molybdenum spot prices continue to show weakness., 11 Jul 2014 22:26:00 GMTSilicon prices rise as supply problems persistSilicon metal prices have increased significantly over the past month, with sources noting that continued problems from power issues in Brazil coupled with lower production at a smelter in Australia had reduced U.S. imports., 11 Jul 2014 22:13:00 GMTThompson Creek moly output falls, copper risesThompson Creek Metals Co. produced 16 million pounds of copper in the second quarter, up 12.7 percent from 14.2 million pounds in the first three months of the year., 11 Jul 2014 20:59:00 GMTUS brass mill imports up, exports dip in MayU.S. imports of brass mill products increased in May compared with the same month last year while exports fell, according to data from the Copper and Brass Fabricators Council., 11 Jul 2014 20:56:00 GMTAtlantic eyeing $122M Windimurra restructuringAtlantic Ltd. is proposing an Australian $130-million ($122.1-million) restructuring of its Windimurra vanadium operations in Western Australia aimed at addressing "production bottlenecks.", 11 Jul 2014 18:14:00 GMTNAN reappoints execs, re-elects directorsNorth American Nickel Inc. (NAN) has reappointed four executives and re-elected six directors to the board at its annual general meeting., 11 Jul 2014 17:03:00 GMTRoyal Nickel executes $4.7M equity financing agreementRoyal Nickel Corp. (RNC) has completed its Canadian $5-million ($4.7-million) equity financing deal, the company said July 11., 11 Jul 2014 16:26:00 GMTCapstone copper output on target in 2d qtr.Capstone Mining Corp.’s Pinto Valley, Cozamin and Minto mines produced 27,700 tonnes of copper in concentrate and cathode in the second quarter, virtually even with the first three months of the year, the company said July 10., 10 Jul 2014 23:16:00 GMTWeak markets force General Cable restructure A “lack of consistent momentum in utility and construction spending,” as well as underperforming assets abroad, were behind General Cable’s decision to restructure its business, executive vice president and chief financial officer Brian Robinson said., 10 Jul 2014 22:24:00 GMTAlcoa to see boost from autos: analystAlcoa Inc’s Global Rolled Products and Engineered Products and Solutions segments are positioned to capitalize on emerging trends in global aerospace and automotive markets, according to a Morgan Stanley analyst., 10 Jul 2014 21:07:00 GMTSpot Midwest premiums rise to 20¢/lb.Midwest aluminum premiums have reached the 20-cent-per-pound mark again, with reportedly tight availability over the summer months lending further support to spot prices., 10 Jul 2014 19:01:00 GMTGeneral Cable to restructure, slash jobsWire and cable manufacturer General Cable Corp. will restructure its business, an effort it expects will lead to annual savings across all segments of $10 million this year and $75 million starting in 2016., 09 Jul 2014 23:38:00 GMTAlcoa forecasts bigger global aluminum deficitAlcoa Inc. has increased its forecast global aluminum supply deficit for the year while maintaining bullish forecasts for aluminum end markets, including aerospace, automotive, and building and construction., 09 Jul 2014 23:11:00 GMTCopper Mountain output risesCopper Mountain Mining Corp. reported increased output from its Copper Mountain mine in British Columbia in its second-quarter production report July 9., 09 Jul 2014 21:59:00 GMTHorsehead takes outage at MooresboroHorsehead Holding Corp. announced a “temporary outage” at its Mooresboro, N.C., zinc production facility July 8., 09 Jul 2014 21:26:00 GMTExide seeks approval to borrow $65MExide Technologies Ltd. is seeking permission to borrow an additional $65 million from its bankruptcy creditors, according to documents filed in U.S. Bankruptcy Court in Delaware., 09 Jul 2014 16:06:00 GMT