Nonferrous

• Ivanhoe set to spend $758M on Mongolian mine in 2010 (UPDATE) Dec 07, 2009

  Ivanhoe Mines Ltd. plans to spend $758 million next year on its Oyu Tolgoi copper and gold project in Mongolia as it works toward commercial production in 2013.

• Norway’s Hydro to sell Spanish rolling mill Dec 07, 2009

  Norwegian aluminum producer Norsk Hydro ASA will divest its aluminum rolling mill in Irurtzun, Spain, to a German holding company that specializes in the takeover and reorganization of low-profit entities.

• Ivanhoe set to spend $758M on Mongolian copper mine in 2010 Dec 07, 2009

  Ivanhoe Mines Ltd. plans to spend $758 million next year on its Oyu Tolgoi copper and gold project in Mongolia as it works toward commercial production in 2013.

• Alcoa increases heat-treat plate products Dec 07, 2009

  Alcoa North American Rolled Products has announced a 10-cent-per-pound price increase on a number of 6000-series industrial heat-treat plate products.

• Alcoa lays off turbine products workers Dec 04, 2009

  More than 20 percent of the work force at Alcoa Inc.’s Hampton, Va., aircraft and industrial products operation have been laid off.

• Brazil’s Votorantim to build Trinidad aluminum smelter Dec 04, 2009

  Brazil’s Votorantim Metais Ltda. (VM) has signed a deal with the government of Trinidad and Tobago to build and operate the planned Alutrint primary aluminum smelter in the country’s La Brea district.

• Molybdenum prices decline, demand pickup likely in Jan. Dec 04, 2009

  U.S. molybdenum prices have retreated as consumers work through inventories and have little motivation to buy before the New Year, market participants said.

• Silicomanganese buyers eye 1st qtr. Dec 04, 2009

  U.S. silicomanganese prices have softened to the point where a number of large and medium-sized consumers are looking to lock down material for the first quarter.

• Silicomanganese buyers look to secure material for 1st qtr. Dec 04, 2009

  U.S. silicomanganese prices have softened to the point where a number of large and medium-sized consumers are looking to lock down material for the first quarter.

• Molybdenum prices decline, demand pickup likely in Jan. Dec 04, 2009

  U.S. molybdenum prices have retreated as consumers work through inventories and have little motivation to buy before the New Year, market participants said.

• Quanex posts quarterly net income despite housing downturn Dec 04, 2009

  Despite the prolonged downturn in residential construction, Quanex Building Products Corp. posted a profit in its fiscal fourth quarter.

• Alcoa lays off turbine products workers Dec 04, 2009

  More than 20 percent of the work force at Alcoa Inc.’s Hampton, Va., aircraft and industrial products operation have been laid off.

• Alcoa, Italy to hold power tariff talks Dec 03, 2009

  Alcoa Inc. representatives are tentatively scheduled to meet with Italian government officials Dec. 9 in an attempt to resolve a power tariff controversy that has threatened the viability of the company’s aluminum smelters in Portovesme and Fusina.

• ATI’s Hassey not fretting about titanium overhang Dec 03, 2009

  While a large part of the titanium industry frets about a huge inventory overhang in aerospace, the top executive of Allegheny Technologies Inc. (ATI) argues that there may be good reason for maintaining these stocks.

• Alcoa, Italy to hold power tariff talks Dec 03, 2009

  Alcoa Inc. representatives are tentatively scheduled to meet with Italian government officials Dec. 9 in an attempt to resolve a power tariff controversy that has threatened the viability of the company’s aluminum smelters in Portovesme and Fusina.

• Diamondex, Canada Nickel settle differences Dec 03, 2009

  Diamondex Resources Ltd. has settled its legal dispute with Canada Nickel Corp. over a nickel project in the James Bay Lowlands area in Ontario.

• Debt deal makes Prokhorov Rusal’s second largest shareholder Dec 03, 2009

  Mikhail Prokhorov’s Onexim Group will receive a 6-percent stake in United Co. Rusal in exchange for $1.82 billion the Russian aluminum producer owes the investment fund, making the Russian oligarch the company’s second-largest shareholder after Oleg Deripaska.

• JW Aluminum names McCarter chief exec Dec 03, 2009

  JW Aluminum Co. (JWA) has named chief financial officer Lee McCarter to serve as chief executive officer, effective immediately.

• Minor metals slip on weak demand Dec 03, 2009

  Minor metal prices have continued to soften this month, a trend that players in the industry attribute to both seasonal weakness and stagnant demand.

• Minor metals slip on weak demand Dec 03, 2009

  Minor metal prices have continued to soften this month, a trend that players in the industry attribute to both seasonal weakness and stagnant demand.

• Diamondex, Canada Nickel settle differences Dec 03, 2009

  Diamondex Resources Ltd. and Canada Nickel Corp. have settled their legal dispute over a nickel project in the James Bay Lowlands area in Ontario.

• Cliffs Natural Resources sweetens takeover offer for Freewest Dec 03, 2009

  Cliffs Natural Resources Inc. has raised its friendly takeover offer for Freewest Resources Canada Inc. in an effort to beat a rival offer from Noront Resources Ltd.

• JW Aluminum taps McCarter as chief exec Dec 02, 2009

  Flat-rolled aluminum manufacturer JW Aluminum Co. has named current chief financial officer Lee McCarter to the position of chief executive officer, effective immediately.

• Horsehead pays $34M for recycler Dec 02, 2009

  Horsehead Holding Corp. intends to expand its hazardous waste management and high-temperature metals recovery portfolio with the purchase of International Metals Reclamation Co. Inc. (Inmetco), a wholly owned subsidiary of Brazil’s Vale.