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Alcoa Inc. has informed employees at its cast automotive wheel plant in Beloit, Wis., that production will cease on June 1 and the facility will close on June 30, a company spokesman said.
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David “Skip” Hartquist will take over as president and general counsel of the Copper and Brass Fabricators Council (CBFC) when Joseph L. Mayer retires at the end of this month.
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The New York Power Authority (NYPA) board of trustees has approved a power supply contract for Alcoa Inc.’s Massena, N.Y., operations.
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Moody’s Investors Service and Standard & Poor’s Ratings Services (S&P) have both downgraded Rio Tinto on debt concerns.
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NEW YORK — Zinc premiums in the United States remain weak, hovering around 3 to 4 cents a pound above the London Metal Exchange price for spot sales, sources said.
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Rio Tinto has delayed its Sulawesi nickel project in Indonesia by at least two years to 2017 at the earliest due to ongoing land disputes.
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The European Union will cancel anti-dumping duties on Russian silicon imports effective Dec. 25.
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Anglo American Plc will slash spending by more than 50 percent next year through delays to the planned commissioning of some copper and iron ore projects.
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Rio Tinto Alcan, Montreal, is removing itself as an equity partner in a $10-billion joint-venture aluminum smelter planned for Saudi Arabia because it’s unable to finance its 49-percent stake amid the global financial turmoil.
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Mexican mining company Industrias Peñoles SAB de CV could put off plans to expand its main zinc refinery by 48 percent due to lower demand.
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Mexican mining company Industrias Peñoles SAB de CV could put off plans to expand its main zinc refinery by 48 percent due to lower demand.
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Century Aluminum Co. will immediately idle one potline at its Ravenswood, W.Va., smelter and is considering halting all production at the site because of plummeting aluminum prices and slumping demand.
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Rio Tinto Alcan, Montreal, is removing itself as an equity partner in a $10-billion joint-venture aluminum smelter planned for Saudi Arabia because it’s unable to finance its 49-percent stake amid the global financial turmoil.
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United Co. Rusal said it will curtail about 420,000 tonnes per year of alumina production at its West Indies Alumina Co. (Windalco) unit in Jamaica due to high production costs and declining commodity prices.
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Standard & Poor’s Ratings Services (S&P) has placed Century Aluminum Co.’s ratings, including its ‘BB-’ corporate credit rating, on credit watch with negative implications.
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United Co. Rusal said it will curtail about 420,000 tonnes per year of alumina production at its West Indies Alumina Co. (Windalco) unit in Jamaica due to high production costs and declining commodity prices.
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U.S. imports of brass mill products fell 5.7 percent in October compared with the corresponding month a year earlier, while exports posted a modest increase in the same period, according to figures from the Copper and Brass Fabricators Council.
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Belvedere Resources Ltd. has placed its Hitura and Sarkiniemi nickel mines in Finland on care and maintenance until further notice, citing the falling price of nickel and the dismal economic environment.
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Accuride Corp. will close its aluminum wheel manufacturing plant at Cuyahoga Falls, Ohio, when customer orders can be met by its Erie, Pa., facility.
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Rio Tinto Alcan has denied it plans to scrap a capacity increase at its Straumsvik aluminum plant in Iceland.
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New orders of aluminum products fell by a “massive” amount in November, statistics from the Aluminum Association showed, in perhaps the strongest indication to date of the fall-off in demand faced by the industry.
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U.S. imports of brass mill products fell 5.7 percent in October compared with the corresponding month a year earlier, while exports posted a modest increase in the same period, according to figures from the Copper and Brass Fabricators Council.
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The Democratic Republic of Congo trimmed its copper export outlook by 30 to 40 percent for the next three months as a result of ongoing factory shutdowns, softening demand and regional violence, according to a Reuters report.
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China’s refined copper production totaled 330,000 tonnes in November, up 12 percent from a month earlier but 2.3 percent lower that November 2007 levels, according to China’s National Bureau of Statistics.