Nonferrous RSS

  • 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.

  • International Wire balks at CN Wire incentives Jun 17, 2014

    CN Wire Corp., which is building a 256,000-square-foot facility in Doña Ana County, N.M., has raised the hackles of competitor International Wire Group Inc., which has operated in the county since 2011.

  • Anfield closes Mayaniquel sale to Cunico Resources Jun 17, 2014

    Anfield Nickel Corp. has closed the sale of Guatemalan subsidiary Mayaniquel SA and its nickel laterite project to Cunico Resources NV.

  • Mark resigns from helm of NAN, VMS Ventures Jun 17, 2014

    North American Nickel Inc. (NAN) chairman and chief executive officer Richard Mark has resigned and won’t stand for re-election at the company’s annual shareholders’ meeting next month.

  • Century Aluminum names Rick Dillon finance chief Jun 17, 2014

    Century Aluminum Co. has appointed Rick T. Dillon executive vice president and chief financial officer.

  • Scrap dealer gets probation for lying in probe Jun 17, 2014

    A Pittsburgh scrap dealer who admitted wrongdoing in a $1-million nickel theft case has been placed on probation for one year and ordered to pay $148,297 in restitution.

  • Global zinc, lead markets remain in deficit Jun 16, 2014

    The global refined zinc and lead markets both logged a deficit in the first four months of 2014, according to data compiled by the International Lead and Zinc Study Group (ILZSG).

  • Alcoa to sell Jamaican mining interest Jun 16, 2014

    Alcoa Inc. has signed a nonbinding letter of intent with Noble Resources UK Ltd. to pursue a sale of its stake in Alcoa Minerals of Jamaica LLC (AMJ).

  • Funding source clouds Calif. aluminum project Jun 16, 2014

    The source of funding for a proposed $1.5-billion secondary aluminum manufacturing facility in Barstow, Calif., is being disputed by the project’s developer.

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