Nonferrous RSS

  • Brazil outages could boost US silicon prices Jul 24, 2014

    Silicon 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.

  • Kaiser plans extrusion growth on auto strength Jul 24, 2014

    Kaiser 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.

  • Teck earnings slide in second quarter Jul 24, 2014

    Teck 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.

  • Pension trust’s move to block Ormet smelter sale rejected Jul 24, 2014

    A bankruptcy court judge has rejected the Steelworkers Pension Trust’s motion to stop the sale of Ormet Corp.’s aluminum smelter in Hannibal, Ohio.

  • Stronger aero, auto demand lift Kaiser's net Jul 24, 2014

    Kaiser 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.

  • Freeport-McMoRan bullish on copper prices Jul 23, 2014

    Freeport-McMoRan Inc.’s realized copper prices have been flat, but the company expects prices to be strong going forward.

  • Strong demand lifts Freeport’s moly prices Jul 23, 2014

    Freeport-McMoRan Inc. has credited improved demand for a rise in molybdenum prices in the second quarter.

  • Schumer backs US ferrosilicon firms Jul 22, 2014

    Sen. 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.

  • Noranda Income Fund logs loss in 2d qtr. Jul 22, 2014

    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.

  • Global refined copper mart deficit widens in April: ICSG Jul 22, 2014

    The 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.

  • Acquisitions boost Mueller 2d-qtr. results Jul 22, 2014

    Copper, 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.

  • US aluminum extruders weighing trade action Jul 22, 2014

    U.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.

  • CIT rules for Golden Dragon in copper tube trade case Jul 22, 2014

    The 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.

  • Century labor deal ratified by USW Jul 21, 2014

    Unionized workers at Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Co., have ratified a new five-year collective bargaining agreement.

  • Aircraft, engine backlogs lift aerospace metals Jul 21, 2014

    Backlogs for airliners and engines are providing a "momentum lift" to aerospace metals, according to some industry analysts.

  • Ormet wins approval to sell smelter Jul 21, 2014

    A 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.

  • Pebble copper mine would pose fishery risk Jul 21, 2014

    The federal Environmental Protection Agency has dealt another blow to the proposed Pebble copper mine in Alaska.

  • Amerigo misses 2d-qtr. copper output target Jul 18, 2014

    Copper 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.

  • LME aluminum prices hit 16-month high Jul 18, 2014

    Aluminum 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.

  • Copper premiums dip in quiet market Jul 18, 2014

    Summer 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.

  • Lundin's Eagle project delivers first ore shipment Jul 17, 2014

    Lundin 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.

  • Royal Nickel secures additional funding for Dumont Jul 17, 2014

    Royal 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.

  • Midwest aluminum premiums steady Jul 17, 2014

    Midwest 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.

  • Conbraco denies violating alloy patents Jul 17, 2014

    Conbraco 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.

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