Nonferrous RSS

  • Stainless scrap driven higher by LME nickel Mar 18, 2014

    Stainless steel scrap prices continued to rise across the austenitic grades this week thanks to steady demand and London Metal Exchange nickel prices that surpassed $16,000 per tonne, market sources said.

  • GBC taps Wasz to succeed Walker as chief executive Mar 18, 2014

    Global Brass & Copper Holdings Inc. (GBC) has appointed John J. Wasz chief executive officer, effective immediately.

  • CME plans physical aluminum futures contract Mar 18, 2014

    CME Group Inc. plans to launch a North American physically delivered aluminum futures contract starting May 5, pending regulatory approval.

  • Higher costs, weaker sales dent Antofagasta’s earnings Mar 18, 2014

    Antofagasta Plc recorded lower full-year earnings in 2013 due in part to higher costs and weaker sales.

  • CITT keeps China extrusion duties Mar 17, 2014

    Canada will continue to impose anti-dumping and countervailing duties on aluminum extrusions from China.

  • Noranda worker dies after incident at Ark. mill Mar 17, 2014

    A worker has died from injuries sustained at Noranda Aluminum Holding Corp.’s rolling mill in Newport, Ark.

  • Ex-Norilsk executive facing US sanctions Mar 17, 2014

    The former president of MMC Norilsk Nickel was among seven Russian government officials sanctioned by an Obama administration executive order related to the ongoing political instability in Ukraine.

  • Orbite loss narrows in ’13, but quarterly loss triples Mar 17, 2014

    Orbite Aluminae Inc. narrowed its full-year loss in 2013 despite costs related to the construction of a high-purity alumina production facility.

  • Augusta calls HudBay’s bid ‘desperate’ Mar 17, 2014

    Augusta Resource Corp. has called HudBay Minerals Inc.’s offer to extend its unsolicited takeover bid for all of the company’s outstanding shares and waive the minimum tender condition a “desperate attempt to give life support to their bid.”

  • Cathode premiums up despite lifeless market Mar 14, 2014

    Copper cathode market activity has been listless so far in March despite a steep drop in the May-delivery Comex copper contract, but premiums jumped amid expected volatility for April and turmoil in the copper scrap market that has spilled over into prime copper.

  • Airbus, university team on 3-D printing Mar 14, 2014

    Europe’s Airbus Group NV is teaming with a Chinese university to investigate the future use of additive manufacturing for titanium airliner parts.

  • Perryman returns to ITA board of directors Mar 14, 2014

    The exit of Edward Newman from the former Keywell LLC and the board of the International Titanium Association has paved the way for former ITA president Frank L. Perryman to rejoin the trade group’s board of directors.

  • US brass mill imports jump, exports slide Mar 14, 2014

    U.S. imports of brass mill products jumped in January compared with the same month last year while exports fell, according to the latest statistics from the Copper and Brass Fabricators Council.

  • Commerce rescinds review of silicon metal imports Mar 14, 2014

    The Commerce Department’s International Trade Administration (ITA) has rescinded its anti-dumping duty administrative review of imports of silicon metal from China from June 1, 2012, to May 31, 2013.

  • LME eyes market makers to lift liquidity Mar 14, 2014

    The London Metal Exchange might introduce market makers to boost liquidity in new contracts going forward, including nonmetal products it might eventually launch.

  • Ukraine tensions not impacting titanium supply Mar 13, 2014

    Diplomatic tensions between Russia and the United States due to the crisis in Ukraine haven’t yet disrupted Russia’s role as a key component in the U.S. titanium supply chain, although U.S. firms that depend on Russia’s industry remain on the alert.

  • Nickel market tight on short supply Mar 13, 2014

    The spot market for refined nickel remains tight in North America as a lack of available material and rising London Metal Exchange prices put upward pressure on premiums, market participants said.

  • Midwest premiums fall; further drop predicted Mar 13, 2014

    Midwest aluminum premiums dipped this week, with market participants predicting further steady declines but brushing aside chatter of a precipitous drop.

  • Novelis hires former U.S. Zinc executive Mar 13, 2014

    Novelis Inc. has named former U.S. Zinc Corp. executive Manfred Stanek vice president of strategy and chief commercial officer effective April 1.

  • LME eyes move beyond metals, Jones says Mar 13, 2014

    The London Metal Exchange is looking to broaden its scope, according to chief executive officer Garry Jones.

  • Copper market rattled by China financing fears Mar 12, 2014

    Worries about Chinese credit markets and weaker international demand caused copper futures to fluctuate March 12 after Comex prices hit a nearly four-year low a day earlier.

  • Canada-Korea trade pact welcomed Mar 12, 2014

    Canada’s newly negotiated free-trade agreement (FTA) with South Korea should benefit Canadian miners and aluminum producers by reducing tariffs and opening up markets in Asia, two trade associations said.

  • Copper scrap in flux after Comex fall Mar 12, 2014

    Discounts for most grades of copper scrap narrowed March 12 as buyers and sellers struggled to grasp the impact of steep declines in Comex copper prices, which have fallen nearly 8 percent since March 5.

  • First Nickel set to capitalize on improving mart Mar 12, 2014

    Lauding the impact of a rallying nickel price, First Nickel Inc. (FNI) says it has “positioned itself to benefit from expected higher metal prices” thanks to “improved efficiencies” and a focus on its Lockerby Mine in the Sudbury basin.

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