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Annual copper cathode supply negotiations are expected to drag into 2008 as consumers continue to hold off signing deals following the collapse in the U.S. residential construction market and growing uncertainty over the economy.
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Grupo Mexico SA de CV could hear this week if more than four months of industrial unrest at its Cananea copper mine in Sonora state is legal or not, according to a source close to the company.
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Kobe Steel Ltd. has rounded out the upgrade and expansion of its various titanium facilities with a new melt shop that is due to reach full production in January.
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Boeing Co.’s new 787 Dreamliner isn’t due for another delivery stretch-out, the program’s top executives said Tuesday.
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National Aluminium Co. Ltd. (Nalco) has agreed to invest $3 billion to build a 500,000-tonne-per-year aluminum smelter in the Indonesian province of Sumatra.
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Alcoa Inc., Pittsburgh, has formed a strategic partnership with Shanxi-based Yangquan Coal Industry (Group) Co. Ltd. to develop an aluminum and electricity project in Shanxi province in northern China. No details were provided.
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Indian trading company Visa Group has won a tender by National Aluminium Co. Ltd. (Nalco) for 25,000 tonnes of alumina with a bid of $403.79 per tonne f.o.b. port of Vizag, India.
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Global Alumina Corp., New York, said Tuesday that the period for exclusive talks with a potential buyer had ended the previous day and the parties had agreed to not extend the exclusivity period.
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China’s imports of unwrought copper and semi-finished copper products rose about 9.5 percent in November vs. the previous month due to strong demand, traders said.
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Ormet Corp., Hannibal, Ohio, will have the sixth and final potline at its 260,000-tonne-per-year Hannibal primary aluminum smelter online by the end of the year, according to Michael Tanchuk, president and chief executive officer.
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Global Alumina Corp., New York, said Tuesday that the period for exclusive talks with a potential buyer had ended Dec. 10 and that the parties had agreed to not extend the exclusivity period.
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The annual rate of U.S. primary aluminum production increased 17 percent to 2,673,297 tonnes in November from 2,285,435 tonnes in the same month last year and was 1.5 percent higher than 2,632,710 tonnes in October 2007, according to the latest figures from the Aluminum Association, Arlington, Va.
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Annual copper cathode supply negotiations are expected to drag into 2008 as consumers continue to hold off signing deals following the collapse in the residential construction market and growing uncertainty over the economy.
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The annual rate of U.S. primary aluminum production was 2,673,297 tonnes in November, up 17 percent from last November’s 2,285,435 tonnes, according to the latest figures from the Aluminum Association, Arlington, Va.
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Olin Brass, a division of Global Brass & Copper LLC, East Alton, Ill., will increase fabrication charges on all alloys by 4 cents a pound effective Jan. 2.
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Kobe Steel Ltd. has rounded out the upgrade and expansion of its various titanium facilities with a new melt shop that is due to reach full production in January.
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Brazilian mining group Vale is refusing to comment on rumors that it could be mounting a bid for Xstrata Plc, but analysts have largely ruled out a potential tie-up.
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U.S. nickel premiums have lost ground as stainless steel players push to sell off inventories before the end of the year, market sources said.
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U.S. nickel premiums have lost ground as stainless steel players push to sell off inventories before the end of the year, market sources said.
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Brazilian mining group Vale is refusing to comment on rumors that it could be mounting a bid for Xstrata Plc, but analysts have largely ruled out a potential tie-up.
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Olin Brass, a recently acquired division of Global Brass & Copper LLC, said Monday it will increase fabrication charges on all alloys by 4 cents next year, effective Jan. 2.
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Annual talks between BHP Billiton and Japanese smelters on copper treatment and refining charges (TC/RCs) have ended in stalemate, with smelters insisting on higher numbers following a recent run up in spot prices.
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Annual talks between BHP Billiton and Japanese smelters on copper treatment and refining charges (TC/RCs) have ended in stalemate, with smelters insisting on higher numbers following a recent run up in spot prices.
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The average daily shipping rate by copper and brass service centers fell 5.4 percent in October and companies continued to keep inventory levels to a minimum due to good mill delivery schedules and high prices, according to the latest figures from the Copper & Brass Servicenter Association, Wayne, Pa.