Nonferrous RSS

  • Noranda’s power case to move forward Apr 17, 2014

    Noranda Aluminum Holding Corp.’s petition for a lower electricity rate in Missouri will move forward on an expedited schedule and prior to potential rate filings from power provider Ameren Missouri, a subsidiary of utility Ameren Corp., the Missouri Public Service Commission (PSC) said in a filing April 16.

  • Blackstone still interested in commodities Apr 17, 2014

    Private equity group Blackstone Group LP is still interested in becoming more involved in commodities but has yet to find the right vehicle to do so, according to one of its top executives.

  • Mercator-Intergeo merger closer to completion Apr 17, 2014

    Copper-molybdenum mining company Mercator Minerals Ltd. said it has received "all necessary Canadian and U.S. governmental regulatory approvals" for its proposed merger with Intergeo MMC Ltd.

  • Amerigo Resources copper output falls Apr 17, 2014

    Amerigo Resources Ltd. is optimistic on expected copper output for the rest of the year despite a drop in first-quarter production.

  • Chile copper market said facing political risks Apr 16, 2014

    Chile’s changing political landscape could challenge long-term copper production in the country, Cowen & Co. LLC analysts said in a report released April 16.

  • Highlander buys aluminum extruder Apr 16, 2014

    Private equity firm Highlander Partners LP has acquired the aluminum extrusion assets of Profile Extrusion Co.

  • American Manganese acquires silica prospect Apr 15, 2014

    American Manganese Inc. has acquired a high-grade silica prospect near Canal Flats, British Columbia.

  • Court finds against conflict minerals rule Apr 15, 2014

    A panel of three U.S. judges has ruled that a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act that requires companies to report their use of "conflict minerals" to the Securities and Exchange Commission is unconstitutional.

  • Augusta blasts HudBay’s move to halt trade Apr 15, 2014

    Augusta Resource blasted HudBay Minerals’ petition to cease trade in its shareholder rights plan as "a deliberate attempt by HudBay to deny Augusta’s shareholders of their ability to make one of the most critical decisions in respect of their investment in Augusta."

  • Silicones producer MPM seeks Chapter 11 Apr 15, 2014

    Momentive Performance Materials Worldwide Inc. (MPM) has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in New York.

  • DLA offers ferrochrome for April Apr 15, 2014

    DLA Strategic Materials is offering 3,000 short tons of high-carbon ferrochrome and 2.5 million pounds of low-carbon ferrochrome for April. Bids close the afternoon of April 16.

  • GM yet to jump on aluminum bandwagon Apr 15, 2014

    General Motors Co. has concerns about durability and corrosion when it comes to potentially increased aluminum use in trucks.

  • HudBay seeks to halt trade on Augusta ‘poison pill’ plan Apr 14, 2014

    HudBay Minerals Inc. has petitioned the British Columbia Securities Commission to cease trade in Augusta Resource Corp.’s shareholder rights plan, which would allow a vote on its takeover offer.

  • Metals move in different directions Apr 14, 2014

    U.S. copper, lead and molybdenum output fell in the fourth quarter of 2013, while aluminum and zinc saw year-on-year gains, U.S. Geological Survey data show.

  • RNC acquires 25% stake in Sudbury Platinum Apr 14, 2014

    Royal Nickel Corp. has acquired a 25-percent interest in exploration group Sudbury Platinum Corp., a move that raises RNC’s exposure to the Aer-Kidd nickel-copper-platinum group metals project in Ontario’s Sudbury Basin, the junior miner said April 14.

  • W.Va. extends deadline for Felman rate deal objections Apr 14, 2014

    The West Virginia Public Service Commission has extended to April 18 the deadline to file requests to reconsider its order approving a special electricity rate for Felman Production LLC.

  • Fitch downgrades Alcoa to BB+ on global oversupply Apr 14, 2014

    Fitch Ratings Inc. has downgraded Alcoa Inc.’s credit rating to BB+ from BBB–, noting that profitability in the primary aluminum market has been "hampered by global oversupply."

  • Copper premiums flat, but may get boost from scrap Apr 11, 2014

    Muted market activity left copper premiums unchanged late this past week as both demand and supply activity remained low, but there could be upward pressure on premiums as insufficient supply in the scrap market runs off into cathode.

  • Aluminum billet upcharge holding Apr 11, 2014

    Aluminum billet upcharge remained unchanged as market players were divided about the strength of the market.

  • Danjczek exiting Globe’s board Apr 11, 2014

    Thomas A. Danjczek, the former president of the Steel Manufacturers Association, will retire from Globe Specialty Metals Inc.’s board of directors effective May 15.

  • Midwest aluminum premiums steady Apr 11, 2014

    Midwest aluminum premiums have held steady after a court decision in the United Kingdom threw the direction of the market in doubt.

  • Aluminum on course for rise, deficit: analyst Apr 11, 2014

    Aluminum prices are set for a turnaround as production cuts and increased demand are poised to drive years of supply deficits, one industry analyst said.

  • Rate spat could delay Felman restart Apr 11, 2014

    Felman Production LLC is preparing to sign a new contract with electricity supplier Appalachian Power Co. Inc. (APCo) on May 1, although objections to its successful rate request threaten to delay a restart of silicomanganese production at its New Haven, W.Va., plant.

  • Ferrovanadium prices hold, direction uncertain Apr 11, 2014

    Ferrovanadium spot prices held steady this past week despite ongoing supply tightness.

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