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Molybdenum prices won’t improve without an economic catalyst to boost global demand, and Thompson Creek Metals Co. Inc. is unlikely to resume stripping at its namesake mine until prices improve, chairman and chief executive officer Kevin Loughrey told AMM.
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Royal Nickel Corp. has signed a royalty purchase agreement with RK Mine Finance in which RK will acquire a 1-percent net smelter return royalty in the Dumont nickel project in Quebec for $15 million.
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Rio Tinto Alcan wants to continue to play a role selling metal produced at its smelter and cast house in Sebree, Ky., even after selling the operation to Century Aluminum Co. later this spring, according to a letter to customers.
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Greater use of aluminum is helping Cadillac reduce overall weight of its ATS and CTS sedans, the luxury automaker said.
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Timothy Gill will join the Aluminum Association as vice president of business information and statistics effective May 27.
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Chile saw a 7.7-percent year-on-year increase in copper production in the first quarter of 2013 on larger volumes at Corporación Nacional del Cobre de Chile (Codelco) and BHP Billiton Plc’s Escondida and Antofagasta Plc’s Los Pelambres projects.
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Spot ferroalloy prices have remained unchanged amid a continuing dearth of purchasing activity, with traders saying that it will probably be another month before third-quarter inquiries begin.
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Bankrupt aluminum company Ormet Corp. has been sold to an entity owned by private equity firm Wayzata (Minn.) Investment Partners LLC, according to court documents filed in U.S. Bankruptcy Court in Delaware.
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Freeport-McMoRan Copper & Gold Inc. remains committed to its proposed acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets under previously agreed terms.
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Thompson Creek Metals Co. Inc. posted a marginal first-quarter profit and year-on-year decrease in revenue due to lower molybdenum sales prices.
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In the final results from its anti-dumping duty administrative review on magnesium metal from China from between April 1, 2011, and March 31, 2012, the Commerce Department’s International Trade Administration (ITA) has found that the lone respondent, Tianjin Magnesium International Co. Ltd., had no shipments during the period and therefore was not issued a duty.
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Aleris International Inc. has high hopes for the rest of 2013 thanks to recent expansions, a strong outlook for the automotive and aerospace sectors, and a pick-up in North American building activity.
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Aleris International Inc.’s profits were squeezed in the first quarter amid lower sales volumes, winter weather and tight profit margins in scrap and some rolled products.
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Melting-grade nickel premiums remained at a ten-year low of 15 to 25 cents per pound, with traders continuing to lament a dearth of spot transactions amid domestic oversupply.
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Revett Minerals Inc. posted a first-quarter loss due to the ongoing suspension of mining operations at its Troy copper-silver mine in northwestern Montana.
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Glencore International Plc and GfE-MIR AG purchased ferrochrome from DLA Strategic Materials for a combined $2.27 million.
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The trade deficit between iron and steel mill product imports and exports, valued at $544 million, fell 20 percent in March after growing 11.5 percent in February as imports declined at more than twice the rate of exports, according to the U.S. Bureau of Economic Analysis.
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Regulations on the sourcing of tantalum, tin and tungsten are creating legal headaches in the U.S. manufacturing supply chain, according to panelists at the recent MetalMiner-sponsored Conflict Minerals Edge conference in Chicago.
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Several congressmen and a retired U.S. Army brigadier general are calling on the federal government to reduce its dependence on foreign-sourced raw materials used in defense equipment.
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Aleris International Inc. expects its fire-damaged plant in Richmond, Va., to be "fully operational in the next few days," chairman and chief executive officer Steven J. Demetriou said during a conference call May 9.
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Rio Tinto Plc expects to start shipping copper from its $6.6-billion Oyu Tolgoi project in Mongolia in the first half of this year, according to chief executive officer Sam Walsh.
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Hong Kong Exchanges & Clearing Ltd. (HKEx), owner of the London Metal Exchange, posted a slight increase in first-quarter net profit and said gains from the $2.2-billion deal for the LME will be limited in the next two years as costs and lower profit margins offset trading fees.
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Hong Kong Exchanges & Clearing Ltd. (HKEx) has approved an award of shares to London Metal Exchange chief executive officer Martin Abbott that are worth almost £500,000 ($770,000).
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Workers at Bolivia’s Empresa Minera Huanuni (EMH), controlled by state-owned Corporación Minera de Bolivia (Comibol), began an "indefinite" strike May 6 over pension conditions, AMM sister publication Metal Bulletin has been told.