Nonferrous RSS

  • Silicomanganese tags under pressure Dec 11, 2009

    U.S. spot silicomanganese prices have fallen below 60 cents per pound as a major trader acting on behalf of a top U.S. producer drives down prices in what market sources said is an attempt to gain market share.

  • Silicomanganese prices under pressure Dec 11, 2009

    U.S. spot silicomanganese prices have fallen below 60 cents per pound as a major trader acting on behalf of a top U.S. producer drives down prices in what market sources said is an attempt to gain market share.

  • Commerce slaps massive duty on China’s Tianjin Magnesium Dec 11, 2009

    The U.S. Commerce Department has set an anti-dumping duty of 111.73 percent on magnesium from Chinese exporter Tianjin Magnesium International Co. Ltd. (TMI).

  • Asarco to fund $1.79B for cleanup of 80 sites in 19 states Dec 11, 2009

    Environmental settlements totaling $1.79 billion from the reorganization of bankrupt U.S. copper miner Asarco LLC will fund the cleanup of more than 80 contaminated sites in 19 states, according to the Justice Department and the U.S. Environmental Protection Agency.

  • Alcoa denies reaching Italian power deal Dec 10, 2009

    Alcoa Inc. and the Italian government have not come to a deal on energy supplies, a company spokesman said, despite a report that an agreement has been reached.

  • Icap opens NY base metals desk Dec 10, 2009

    Interdealer broker Icap Plc has opened a sales desk in New York to expand its base metals brokerage business.

  • US silicon tags slip as firms lock down 2010 business Dec 10, 2009

    The past two weeks have been busy for silicon metal producers, who have been intent on locking down 2010 business even if that means accepting a slightly lower price.

  • US silicon prices slip as firms lock down 2010 business Dec 10, 2009

    The past two weeks have been busy for silicon metal producers, who have been intent on locking down 2010 business even if that means accepting a slightly lower price.

  • Copper fabricators see slight demand rebound Dec 10, 2009

    December is gearing up to be a less painful month than players in the copper sector had forecast, with most fabricators reporting stability in a traditionally sluggish period and a few even experiencing pickups as the year draws to a close.

  • Union contesting Xstrata’s close of Kidd Creek smelters Dec 10, 2009

    The Canadian Auto Workers (CAW) union is demanding that the federal government release details of the agreement it made with Xstrata Plc in 2006 to determine if the deal has been broken by the company’s plans to close its Kidd copper and zinc smelters in Ontario.

  • Cliffs raises bid for Freewest Resources Dec 10, 2009

    Cliffs Natural Resources Inc. has increased its friendly takeover offer for Freewest Resources Canada Inc. to Canadian $1 (95 cents) per share in stock, placing a value on the company of approximately C$240 million ($228 million), up from C$211 million previously.

  • Grupo Mexico completes Asarco deal Dec 10, 2009

    Grupo Mexico SA de CV has completed its deal to regain control of former subsidiary Asarco LLC despite the United Steelworkers union filing a late appeal against the decision.

  • Frontera may miss Dec. payment Dec 10, 2009

    Frontera Copper Corp. said it may not be able to pay an interest payment due Dec. 15 on its Series 1 June 2010 notes.

  • Grupo Mexico completes Asarco deal (UPDATE) Dec 10, 2009

    Grupo Mexico SA de CV has completed its deal to regain control of former subsidiary Asarco LLC despite the United Steelworkers union filing a late appeal against the decision.

  • Cliffs raises bid for Freewest Resources Dec 10, 2009

    Cliffs Natural Resources Inc. has increased its friendly takeover offer for Freewest Resources Canada Inc. to Canadian $1 (95 cents) per share in stock, placing a value on the company of approximately C$240 million ($228 million), up from C$211 million previously.

  • Frontera Copper may miss Dec. interest payment Dec 10, 2009

    Frontera Copper Corp. said it may not be able to pay an interest payment due Dec. 15 on its Series 1 June 2010 notes.

  • Union fighting Xstrata’s Kidd Creek closure Dec 10, 2009

    The Canadian Auto Workers (CAW) union is demanding that the federal government release details of the agreement it made with Xstrata Plc in 2006 to determine if the deal has been broken by the company’s plans to close its Kidd copper and zinc smelters in Ontario.

  • Grupo Mexico completes deal to retake Asarco Dec 10, 2009

    Grupo Mexico SA de CV said it has completed its deal to regain control of former subsidiary Asarco LLC, the again-profitable U.S. copper miner that filed for Chapter 11 bankruptcy protection under the weight of massive asbestos claims in August 2005.

  • Workers strike at Codelco’s Chuquicamata copper mine Dec 09, 2009

    Workers at Corporación Nacional del Cobre de Chile’s (Codelco’s) Chuquicamata copper mine, part of its Norte division, downed tools Wednesday in protest against a low wage offer made by the company as part of a two-year collective contract review.

  • Alcoa Davenport recalling 100 workers Dec 09, 2009

    Alcoa Inc. is recalling 100 hourly workers at its Davenport Works in Iowa to meet increased customer demand.

  • North American Palladium to restart mine Dec 09, 2009

    After 14 months on care and maintenance, North American Palladium Ltd.’s Lac des Iles Mine in Ontario will resume production, with the first concentrate slated to be shipped in the second quarter of 2010.

  • Multimillion-dollar bonuses sought for 3 Asarco execs Dec 09, 2009

    Asarco LLC has filed a motion with a U.S. bankruptcy court for permission to pay multimillion-dollar bonuses to three of the company’s top executives, claiming that their current compensation packages are “disproportionately low” given the time they have spent steering the U.S. copper producer out of bankruptcy.

  • Cobalt prices rangebound despite underlying pressure Dec 09, 2009

    Cobalt prices remain around $18 to $19 a pound as those buying at lower prices scrap it out with sellers at higher levels.

  • Climate talks ‘trouble’ for US brass ingot market Dec 09, 2009

    The consequences of the Copenhagen climate talks could be disastrous for the domestic brass and bronze ingot industry, a sector already struggling to keep a foothold in an increasingly global marketplace, sources warned Wednesday.

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