-
Copper on the Comex division of the New York Mercantile Exchange edged higher on Wednesday following strong overnight buying in Shanghai, China.
-
Alcoa Inc. said late Friday it has agreed to sell its packaging and consumer businesses to Rank Group Ltd., Auckland, New Zealand, for $2.7 billion in cash.
-
Despite the turmoil in financial markets, credit quality and outlook remains stable for most metal and mining companies, according to recent reports from Standard & Poor’s Ratings Services.
-
Maintenance shutdowns slated at several smelters during the first half of next year are expected to release additional copper concentrates onto the market and force spot treatment and refining charges (TC/RCs) higher, trade sources said.
-
Copper on the Comex division of the New York Mercantile Exchange edged higher on Wednesday following strong overnight buying in Shanghai.
-
National Aluminium Co. Ltd. (Nalco) of India will spend about $104 million to raise capacity at its alumina refinery, the company said in a letter to the Bombay Stock Exchange Ltd.
-
Dubai Aluminium Co. Ltd. (Dubal) has signed the first technology licensing agreement for its proprietary DX reduction cell technology with Emirates Aluminum, a joint venture between Dubal and Mubadalah Development Corp.
-
United Co. Rusal plans to buy an additional 2-percent stake in MMC Norilsk Nickel from KM-Invest, a Russian investment firm.
-
Two investment banks have shaken up their New York base metals teams in moves that could be linked to the fallout from the credit crisis on global financial markets.
-
United Co. Rusal is pushing for growth in a big way, saying Friday it will move ahead with the purchase of a strategic stake in MMC Norilsk Nickel.
-
Two investment banks have shaken up their New York base metals teams in moves that could be linked to the fallout from the credit crisis on global financial markets.
-
Rio Tinto on Friday welcomed an announcement by Britain’s Takeover Panel Executive that imposed a Feb. 6 deadline on BHP Billiton to formalize its offer for Rio Tinto.
-
Eurasia Natural Resources Corp. Plc (ENRC) has signed a 10-year offtake agreement for 100 percent of the aluminum produced at its new smelter in Pavlodar, Kazakhstan, with Swiss trading house Glencore International AG.
-
United Co. Rusal is pushing for growth in a big way, saying Friday it will move ahead with the purchase of a strategic stake in MMC Norilsk Nickel.
-
Alcoa Inc., Pittsburgh, said Friday that it had struck an agreement with the state of New York and the New York Power Authority (NYPA) on a renewable energy contract to supply the company’s aluminum smelters in Massena, N.Y.
-
Alcoa Inc., Pittsburgh said Friday that it had struck an agreement with the state of New York and the New York Power Authority (NYPA) on a renewable energy contract to supply the company’s aluminum smelters in Massena, N.Y.
-
First Nickel Inc., Toronto, has warned that its 2007 payable nickel output will fall about 600,000 pounds short of its previous target because of mechanical problems with a crusher at its Lockerby Mine in Sudbury, Ontario.
-
Carpenter Technology Corp., Wyomissing, Pa., has agreed to sell its ceramics business for $147 million in a bid to focus on global markets for its high-performing specialty alloy products, Anne Stevens, Carpenter’s chairman, president and chief executive officer, said.
-
First Nickel Inc., Toronto, has warned that its 2007 payable nickel output will fall about 600,000 pounds short of its previous target because of mechanical problems with a crusher at its mine in Sudbury, Ontario.
-
The U.S. Defense National Stockpile Center (DNSC) said Friday it had sold approximately 4,000 tonnes of tin for $71 million, or $17,750 a tonne, to Elmet SA de CV, Apodaca, Mexico, and Traxys North America LLC, New York.
-
Licheng Taihang Steel Corp. will commission its 300,000-tonne-a-year ferromanganese project in June next year.
-
The Chinese government plans to raise the threshold for permitted ferroalloys production capacity as it tightens up regulations in an effort to discipline the industry by eliminating smaller players.
-
The world’s refined copper production deficit widened in the first nine months of this year as Chinese demand continued to accelerate, according to the latest figures from the International Copper Study Group (ICSG), Lisbon, Portugal.
-
Business activity in the U.S. physical copper market has come to a standstill as concerns over the slowdown in the residential construction sector deepen and consumers continue to run down inventory ahead of year-end.