Nonferrous RSS

  • Zinc premium inches down as trading muted Jun 27, 2014

    The premium on special-high-grade zinc narrowed as elevated London Metal Exchange zinc prices and muted market activity led to discounting, according to buyers and sellers.

  • Ormet assets auction winner named Jun 27, 2014

    Niagara Worldwide LLC has secured the right to purchase the assets of bankrupt Ormet Corp. for $25.25 million following a private auction.

  • Aluminum outlook improves in May Jun 27, 2014

    North American aluminum shipments increased to a seasonally adjusted annual rate of 22.9 billion pounds in May, up nearly 5 percent from the previous month, according to data released June 25 by the Aluminum Association.

  • Copper, moly prices strengthen Mercator's cash flow Jun 27, 2014

    Mercator Minerals Ltd. said current copper and molybdenum prices have helped produce positive cash flow for its Mineral Park Mine in Arizona.

  • Ferroalloy contract business still strong Jun 27, 2014

    While ferroalloy spot trading activity has become scant, suppliers are pleased with contract offtake demand from the steel sector heading into the summer.

  • Asarco loses appeal vs. lawsuit dismissal Jun 25, 2014

    A federal court’s dismissal of copper miner Asarco LLC’s lawsuit to shift some of the burden of a $1.5-million pollution settlement with the U.S. Environmental Protection Agency has been upheld by the U.S. Court of Appeals.

  • Mixed views on extruder’s pricing shift Jun 25, 2014

    Thermal aluminum extrusion manufacturer Wakefield-Vette Inc.’s shift to a bimonthly pricing model in an effort to cope with aluminum price volatility is drawing mixed reactions from industry players.

  • Reunion seeks more funding for SiMn project Jun 25, 2014

    Reunion Gold Corp. is seeking additional funding to carry out a feasibility study for its proposed silicomanganese project in the Caribbean.

  • Molybdenum output, usage set records Jun 24, 2014

    Molybdenum production and consumption reached record levels in 2013, with North American output closing the gap on Chinese production, according to International Molybdenum Association figures.

  • Avanti starts construction on Kitsault project Jun 24, 2014

    Avanti Mining Inc. has started construction on its Kitsault molybdenum project after receiving an "occupant license to cut" from the British Columbia Ministry of Forests, Lands and Natural Resource Operations.

  • Refined copper mart swings to deficit in March Jun 23, 2014

    The global refined copper market swung to an 83,000-tonne deficit in March from a 2,000-tonne surplus the previous month, according to preliminary data from the International Copper Study Group (ICSG).

  • HudBay reaches deal to buy Augusta Jun 23, 2014

    Augusta Resource Corp. has agreed to be purchased by HudBay Minerals Inc. after the company sweetened its offer.

  • FeV prices confuse; moly may be softening Jun 20, 2014

    Ferrovanadium producers remain flummoxed by reports of low spot prices amid strong demand, while molybdenum prices have begun to show signs of softening.

  • Ormet wins court OK to sell assets Jun 20, 2014

    The assets of Ormet Corp. could be heading for sale June 26 after a U.S. Bankruptcy Court approved bidding procedures proposed by the bankrupt aluminum producer earlier this month.

  • Copper demand said set to rebound Jun 20, 2014

    The copper industry has finally attained its "field of dreams moment," with renewed demand on the way, according to Cushman & Wakefield Inc. chief economist Kenneth McCarthy.

  • SiMn mart bearish ahead of Felman planned restart Jun 20, 2014

    Silicomanganese market sentiment is trending towards bearish, with an expected restart of Felman Production LLC prompting spot prices to firm below 60 cents per pound.

  • Aston Bay, Antofagasta sign deal on Storm, Seal projects Jun 20, 2014

    Aston Bay Holdings Ltd. has signed a memorandum of understanding with a subsidiary of Antofagasta Plc for the two companies to partner on Aston’s Storm copper project and Seal zinc project in Canada’s Nunavut territory.

  • Nickel demand loses steam after rally Jun 19, 2014

    Spot market demand for refined nickel units in North America has slowed somewhat in recent weeks, with material availability "no less tight" than it had been over the past several months, according to market participants.

  • LME, banks facing second zinc lawsuit Jun 19, 2014

    Three steel and wire manufacturers have filed a class-action lawsuit against the London Metal Exchange, Goldman Sachs Group Inc., Glencore Plc, JPMorgan Chase & Co., Trafigura Beheer BV and their respective warehousing units alleging conspiracy "to manipulate global warehouse supplies of zinc."

  • Mumford acquires AFW Foundry Jun 19, 2014

    AFW Foundry Inc., a nonferrous aluminum, brass and bronze foundry, has been sold to Mumford Cos., a business and real estate holding company. The terms of the deal were not disclosed.

  • GAA to cut output at silicomanganese unit Jun 18, 2014

    Georgian American Alloys Inc. (GAA) will reduce silicomanganese production at its Georgian Manganese LLC subsidiary in Georgia by 2,500 tonnes per month, with subsidiary Felman Production LLC preparing to return to production soon.

  • FerroAtlántica building $382M plant in Quebec Jun 18, 2014

    Grupo FerroAtlántica SA will build its first North American silicon plant in Port-Cartier, Quebec.

  • DLA offers ferrochrome for sale Jun 18, 2014

    DLA Strategic Materials has offered 2,970 short tons of high-carbon ferrochrome and 2.24 million pounds of low-carbon ferrochrome for June.

  • RNC completes acquisition of stake in True North Nickel Jun 18, 2014

    Royal Nickel Corp. (RNC) has completed its acquisition of a 56-percent stake in True North Nickel Inc.

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