Nonferrous RSS

  • 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.

  • Correction Mar 12, 2014

    Due to a reporting error, stories published on AMM’s website March 5 and 10, “ITA’s initial ferrosilicon ruling mixed” and “Ferrosilicon producers seek delay in anti-dumping case,” respectively, incorrectly identified the headquarters of domestic ferrosilicon producer CC Metals & Alloys LLC. The company is based in Calvert City, Ky.

  • ITA keeps duties on Chinese, South African ferrovanadium Mar 12, 2014

    In the final results of an expedited second sunset review of anti-dumping duties on ferrovanadium imports from China and South Africa, the U.S. Commerce Department’s International Trade Administration has decided that revocation of the existing duties would likely lead to a continuation or recurrence of dumping at margins ranging between 12.97 and 116 percent

  • Russia concerned by US dumping probes Mar 12, 2014

    A Russian trade representative has expressed concern about the U.S. Commerce Department’s dumping investigations into imports of ferrosilicon and grain-oriented electrical steel (GOES) from Russia.

  • General Moly posts net loss of $1.6M in 4th qtr. Mar 12, 2014

    Junior molybdenum miner General Moly Inc. posted a net loss of $1.6 million in the fourth quarter, a 20-percent improvement from a $2-million loss in the same period a year earlier.

  • Severe weather could cost Noranda $5.6M Mar 12, 2014

    Noranda Aluminum Holding Corp. could suffer a hit to first-quarter pre-tax income to the tune of as much as $5.6 million due to weather-related production issues.

  • Atlantic chairman Michael Minosora quits Mar 12, 2014

    Michael Minosora has resigned as chairman and managing director of Atlantic Ltd., which owns the operator of the Windimurra vanadium project in Western Australia.

  • CFTC mulling harmonized rules on clearing, trading Mar 12, 2014

    The U.S. Commodity Futures Trading Commission (CFTC) is seeking to establish rules to recognize foreign clearing houses and foreign trading venues.

  • Apollo cutting Noranda stake to 34 percent Mar 12, 2014

    Apollo Global Management LLC plans to slash its ownership stake in Noranda Aluminum Holding Corp. to 34 percent from 48 percent.

  • Industrial Heat Treating files for Chapter 11 Mar 11, 2014

    Industrial Heat Treating Inc. has filed for Chapter 11 bankruptcy protection as it grapples with unpaid loans, tax liens and other costs.

  • Noranda power rate could up Wal-Mart costs Mar 11, 2014

    Wal-Mart Stores Inc. could see increased power costs if Noranda Aluminum Holding Corp. is granted a lower electricity rate for its smelter in New Madrid, Mo., the giant retailer said in a filing with state regulators.

  • Antitrust suits vs. LME, banks to go on Mar 11, 2014

    A federal judge is allowing three groups of plaintiffs to pursue separate lawsuits against Goldman Sachs Group Inc., JPMorgan Chase & Co., their warehousing businesses and the London Metal Exchange.

  • Billet prices gain on pent-up optimism Mar 10, 2014

    Aluminum billet upcharges have increased on expectations of stronger demand in the spring and summer months, supply constraints and a continued tight scrap market, according to market sources.

  • Aleris hurt by narrowing spreads in 4th qtr. Mar 10, 2014

    Narrowing scrap spreads have continued to negatively impact Aleris International Inc.’s North American rolled product margins, executives said, citing weak London Metal Exchange prices and historically high U.S. Midwest aluminum premiums.

  • Silicon prices rise on steady demand Mar 10, 2014

    Silicon metal prices have continued to rise on steady demand as well as import and logistical constraints, market sources said.

  • Aleris outlook remains upbeat Mar 10, 2014

    Aleris International Inc. is betting on a better 2014 after a difficult 2013, the company’s top executive said.

  • Ferrosilicon producers seek delay in anti-dumping case Mar 10, 2014

    U.S. ferrosilicon producers have asked the U.S. Commerce Department’s International Trade Administration (ITA) to extend by 135 days its final decision in a dumping investigation into ferrosilicon imports from Russia.

  • Aleris logs loss on low prices, harsh winter Mar 10, 2014

    Aleris International Inc. swung to a loss in 2013 on softer aluminum prices, lower prices for its products and reduced sales volumes.

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