Nonferrous

  • Strong overnight buying in China pumps up Comex copper futures Dec 26, 2007

    Copper on the Comex division of the New York Mercantile Exchange edged higher on Wednesday following strong overnight buying in Shanghai, China.

  • Alcoa in $2.7B deal to sell packaging businesses Dec 26, 2007

    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.

  • S&P rates metals’ credit quality as stable Dec 26, 2007

    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.

  • Smelter cuts seen driving spot copper TC/RC gains Dec 26, 2007

    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.

  • Overnight buying in China pumps up Comex copper Dec 26, 2007

    Copper on the Comex division of the New York Mercantile Exchange edged higher on Wednesday following strong overnight buying in Shanghai.

  • Nalco to expand alumina, bauxite capacity Dec 26, 2007

    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.

  • Dubal to license tech to Emal joint venture Dec 26, 2007

    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.

  • Rusal to buy additional 2% of Norilsk Nickel Dec 26, 2007

    United Co. Rusal plans to buy an additional 2-percent stake in MMC Norilsk Nickel from KM-Invest, a Russian investment firm.

  • Credit crisis likely culprit in metals desk shakeups Dec 21, 2007

    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.

  • Rusal on global push; sets buy of Norilsk stake [UPDATE] Dec 21, 2007

    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.

  • Credit crisis likely culprit in metals desk shakeups Dec 21, 2007

    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 cheers Feb. deadline for formal BHP offer Dec 21, 2007

    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.

  • ENRC inks aluminum offtake deal Dec 21, 2007

    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.

  • Rusal on global push; sets buy of Norilsk stake Dec 21, 2007

    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 strikes power accord for Massena smelters Dec 21, 2007

    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 strikes power agreement for Massena smelters Dec 21, 2007

    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 reduces production forecast due to crusher problem Dec 21, 2007

    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 selling ceramics business for $147M Dec 21, 2007

    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 cuts production forecast due to crusher problem Dec 21, 2007

    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.

  • DNSC tin sale draws $71 million Dec 21, 2007

    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 will start ferromanganese facility in mid-’08 Dec 21, 2007

    Licheng Taihang Steel Corp. will commission its 300,000-tonne-a-year ferromanganese project in June next year.

  • Clampdown on ferroalloys output will hit small players Dec 21, 2007

    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.

  • World copper production deficit widens ICSG Dec 21, 2007

    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.

  • US copper mart lifeless as housing woes worsen Dec 20, 2007

    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.

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