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Shanxi Guanlu Co. Ltd. will slash its aluminum output by nearly 6 percent in 2006 as production costs climb because of high alumina prices, the Chinese company said.
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Norwegian silicon metal producer Elkem ASA has signed an agreement to sell its 70,000-tonne-a-year silicon plant in Alloy, W.Va., to Globe Metallurgical Inc., Beverly, Ohio.
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Mining giant BHP Billiton said it would spend $518 million to expand capacity at the Aluminio do Maranhao (Alumar) alumina refinery in Sao Luis, Brazil.
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Brazil's aluminum industry is expected to produce 1.5 million tonnes of primary metal this year, a marginal increase from 1.46 million tonnes in 2004.
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Alcan Rolled Products-Ravenswood has yielded to market pressure and reduced the surcharge it was set to implement to counter rising natural gas prices.
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The high cost of materials needed to complete Inco Ltd.'s Goro ferronickel project in New Caledonia has pushed the project's overall price tag to the high end of previous forecasts, the company said in a Dec. 14 filing with government regulators.
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Outokumpu Oyj, Espoo, Finland, is looking for a buyer for its coil processing facility in Sheffield, England, but there's a catch Don't even think of handling stainless steel there.
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China doesn't plan to raise export taxes on ferroalloys or aluminum in 2006, government officials said.
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Vedanta Resources Plc's board of directors has approved the $2.1-billion Jharsuguda greenfield aluminum project in Orissa, India.
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Alcan Rolled Products-Ravenswood LLC, the Ravenswood, W.Va., unit of Montreal-based Alcan Inc., is increasing prices on all 2000- and 7000-series heat-treat aluminum plate products by 5 percent effective with shipments Jan. 1 regardless of order-entry date, although all contracts and agreements confirmed prior to Dec. 13 will be honored.
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Barrick Gold Corp. has received regulatory approvals from the United States, Australia, Canada, Germany and Switzerland for its $9.2-billion bid for Placer Dome Inc. The company also has been advised that the South African Competition Commission has recommended the South African Competition Tribunal grant unconditional approval for the transaction.
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Although the U.S. price of A380.1 aluminum alloy continues to climb on the back of record London Metal Exchange prices and strong stateside demand, a reversal is on the horizon, producers said Thursday.
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Norsk Hydro ASA plans to curb investment in the downstream aluminum sector as part of its cost-cutting strategy.
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China's alumina imports soared 63.3 percent to 680,000 tonnes in November from 416,483 tonnes the previous month, according to preliminary Chinese Customs data, pushing the 11-month total to 6.44 million tonnes, up 18.4 percent from a year earlier.
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PITTSBURGH - Eramet SA has taken full ownership of U.S. ferrovanadium and ferromolybdenum producer Bear Metallurgical Co.
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Global refined lead metal production rose 9.7 percent in the first 10 months of this year to 6.2 million tonnes, while lead consumption increased 6.2 percent to 6.3 million tonnes compared with the same period in 2004, according to the latest statistics from the International Lead and Zinc Study Group (ILZSG), London.
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Aluminum rolled products producer Novelis Inc. is ready to expand the cold-rolling mill capacity at its Pindamonhangaba plant in Brazil's Sao Paulo state as soon as local economic conditions improve, said Roberto Rocha, director of operations for Novelis do Brasil Ltda.
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Not much faith in being put in reports that the Chicago Mercantile Exchange (CME) is looking to purchase a 10-percent stake in its New York-based rival, sources close to the New York Mercantile Exchange said Tuesday.
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Falconbridge Ltd. is believed to have offered to take on the full financing costs of the proposed 60,000-tonne-a-year Koniambo ferronickel mine in New Caledonia.
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China will cut its import tax on alumina to 5.5 percent from 8 percent currently beginning Jan. 1.
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The zinc concentrate mating season could be complicated this year by a change to the base price, which the treatment charges (TCs) are built on, from last year's $1,000 a tonne.
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U.S. copper and brass mills and service centers expect demand from the automotive sector to weaken in the first half of next year as questions hang over future production levels.
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Discussions with a consortium about the possible sale of Alcan Inc.'s smelter in Steg, Switzerland, has ended without a deal.
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Copper producer Asarco Inc. is still at least two months away from reaching full production levels, a source close to the company said.