Nonferrous RSS

  • 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.

  • Secondary aluminum scrap prices up Mar 07, 2014

    Prices for secondary smelters’ aluminum scrap rose March 6, with sources noting that the market was being buoyed by a recent supply crimp that was largely caused by weather-related issues.

  • ITA’s FeSi ruling seen having little impact Mar 07, 2014

    Ferrosilicon market participants expect the recent preliminary anti-dumping decision by the U.S. Commerce Department’s International Trade Administration (ITA) on imports from Russia and Venezuela to have little immediate impact on the market.

  • Superior earnings dented by lower metal tags Mar 07, 2014

    Superior Industries International Inc.’s profits narrowed by 26.1 percent in 2013 amid lower aluminum prices and shipping volumes.

  • Commerce lowers subsidy duty on aluminum extrusions Mar 07, 2014

    The Commerce Department’s International Trade Administration (ITA) has amended its final countervailing duty determination on aluminum extrusions from China following rulings by the U.S. Court of International Trade and the U.S. Court of Appeals.

  • Alcoa names new Latin America chief Mar 07, 2014

    Alcoa Inc. has promoted Aquilino Paolucci to president of its operations in Latin America and the Caribbean.

  • Quanex eyes deals after Nichols sale Mar 06, 2014

    Quanex Building Products Corp.’s sale of its Nichols Aluminum LLC subsidiary to Aleris International Inc. will give it the proceeds to chase acquisitions in the fenestration industry, company executives said.

  • Midwest aluminum premiums slip Mar 06, 2014

    Midwest aluminum premiums dropped again this week as market sources fretted about increased import volumes and the potentially chilling impact of a cold winter on demand.

  • Rio Tinto Alcan confirms Arvida outage Mar 06, 2014

    Rio Tinto Alcan Inc. confirmed a planned maintenance outage at its Arvida smelter in the Saguenay—Lac-Saint-Jean region of Quebec.

  • Longhi to exit RTI board, Strome retiring Mar 06, 2014

    Mario Longhi, citing the "increasing demands" of his role as president and chief executive officer of U.S. Steel Corp., will leave the board of directors of RTI International Metals Inc., according to a U.S. Securities and Exchange Commission (SEC) filing.

  • Ormet gets court approval for boiler plates sale Mar 06, 2014

    Ormet Corp. has received bankruptcy court approval to sell about 1,700 tonnes of boiler plates as steel scrap in a deal valued at $682,100.

  • Quanex trims loss despite repair costs at Nichols mill Mar 06, 2014

    Quanex Building Products Corp.’s net loss narrowed in its fiscal first quarter as it prepared to sell its Nichols Aluminum LLC aluminum sheet products subsidiary.

  • ITA's initial ferrosilicon ruling mixed Mar 05, 2014

    The U.S. Commerce Department’s International Trade Administration (ITA) has issued a mixed preliminary decision in an anti-dumping case on ferrosilicon from Russia and Venezuela.

  • Explosion damages furnace at Aleris plant Mar 05, 2014

    An explosion rocked a furnace at Aleris International Inc.’s Coldwater North facility in Michigan, a company spokeswoman told AMM.

  • Alliance Magnesium aims to go public Mar 05, 2014

    Alliance Magnesium Inc. plans to become a publicly traded company by the end of 2014, around the same time that its pilot plant is expected to start production, the company’s top executive said in an exclusive interview with AMM.

  • China firm said eyeing Calif. aluminum project Mar 04, 2014

    Chinese aluminum extrusion giant China Zhongwang Holdings Ltd. is considering building a $1.5-billion secondary aluminum plant in Barstow, Calif., according to city council records.

  • Alliance Magnesium to build $451.5M smelter Mar 04, 2014

    Alliance Magnesium Inc. plans to build a Canadian $500-million ($451.4-million) primary magnesium smelter in Asbestos, Quebec, it said.

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