Nonferrous

  • Aleris jettisons sole scrap collection assets in Brazil Dec 23, 2010

    Aleris International Inc. has completed the sale of its lone Brazilian operation to MCN Empreendimentos e Participacoes Ltda., the company said Thursday.

  • Rusal seeks to dissolve Norilsk Nickel board Dec 23, 2010

    United Co. Rusal has called for the dissolution of the MMC Norilsk Nickel board after Trafigura’s recent purchase of American depositary receipts (ADRs) equating to an 8-percent stake in the Russian nickel company.

  • Skana Aluminum ramps up rebuilt rolling mill in Wisconsin Dec 23, 2010

    Skana Aluminum Co. expects to produce 5 million to 6 million pounds per month of aluminum coils at the former Koenig & Vits Inc. aluminum rolling mill in Manitowoc, Wis., according to Robert Gamba, the company’s president and chief operating officer.

  • Aleris jettisons sole scrap collection assets in Brazil Dec 23, 2010

    Aleris International Inc. has completed the sale of its lone Brazilian operation to MCN Empreendimentos e Participacoes Ltda., the company said Thursday.

  • Century's Hawesville workers ratify wage deal Dec 23, 2010

    Unionized workers at Century Aluminum Co.'s 250,000-tonne-per-year Hawesville, Ky., smelter have voted in favor of a new wage agreement, bringing to an end almost 10 months of negotiations.

  • Alcoa loses production after Fjardaal fire Dec 22, 2010

    Alcoa Inc. has lost some output after a fire at an electrical substation serving its Fjardaal smelter in Iceland, a company spokesman said Wednesday, noting that the fire started and was extinguished Dec. 18.

  • Alcan lists Alma brand size for LME delivery Dec 22, 2010

    Rio Tinto Alcan has listed an additional size of Alma brand aluminium T-bars for delivery on the London Metal Exchange, the LME said Wednesday.

  • LME lists Pacorini warehouses in Port Klang, New Orleans Dec 22, 2010

    The London Metal Exchange has immediately listed Pacorini Metals USA’s New Orleans warehouse and Pacorini Metals Asia’s Port Klang warehouse.

  • LME committee lifts three-month official Co prices by 12% Dec 22, 2010

    The quotations committee at the London Metal Exchange raised the valuation of three-month official cobalt prices by 12 percent Wednesday, although no three-month business was done in the ring, market sources said.

  • Molymet board signs off on build of new roaster furnace Dec 22, 2010

    Molymet has received board approval to invest $149 million, part of which will be used to build a sixth roasting furnace in Chile with a capacity of 30 million pounds per year of molybdenum contained in concentrates.

  • Lead premiums rising as cold weather sets in Dec 22, 2010

    Demand for replacement lead-acid batteries has risen as drivers seek to replace units damaged by the harsh cold snap that has hit the Mid-and Northwest.

  • Keybanc starts RTI coverage with ‘Hold’ Dec 22, 2010

    KeyBanc Capital Markets Inc. has initiated coverage of RTI International Metals Inc. with a “Hold” rating on the company’s common stock.

  • Lead premiums rise as temperatures drop Dec 22, 2010

    Demand for replacement lead-acid batteries has risen as drivers seek to replace units damaged by the harsh cold snap that has hit the U.S. Mid- and Northwest.

  • Breakwater, workers seal contract Dec 22, 2010

    Breakwater Resources Ltd. has agreed to a new contract with unionized workers at its Mochito lead, zinc and silver mine in Honduras.

  • Copper prices fall as volume eases Dec 22, 2010

    Copper approached the $4.30 per pound mark in New York Wednesday but failed to match the previous day’s settlement and ended lower amid light volume.

  • Copper prices back off as volume eases Dec 22, 2010

    Copper approached the $4.30 per pound mark in New York Wednesday but failed to match the previous day’s settlement and ended lower amid light volume.

  • Breakwater, workers seal labor agreement at mine in Honduras Dec 22, 2010

    Breakwater Resources Ltd. has agreed to a new contract with unionized workers at its Mochito lead, zinc and silver mine in Honduras.

  • Molycorp ties up with Hitachi for alloy production Dec 21, 2010

    Molycorp Inc. is exploring a joint venture with Japanese permanent magnet manufacturer Hitachi Metals Ltd. as it looks to expand into rare earth alloy and magnet production.

  • CFTC proposal on metal futures position limits draws criticism Dec 21, 2010

    Position limits that could affect domestically traded metals futures and options contracts continue to face criticism from industry participants and the Commodity Futures Trading Commission (CFTC).

  • Copper hits fresh highs on strong Chinese demand, supply fears Dec 21, 2010

    Copper surged to new record highs in New York on Tuesday as fresh supply issues triggered by the force majeure at Chile’s Cia. Minera Dona Ines de Collahuasi SCM (Collahuasi) were magnified by data showing Chinese copper demand growth.

  • CFTC proposal on metal futures position limits draws criticism Dec 21, 2010

    Position limits that could affect domestically traded metals futures and options contracts continue to face criticism from industry participants and the Commodity Futures Trading Commission (CFTC).

  • Antofagasta to ship its first Esperanza copper output Dec 21, 2010

    Antofagasta Plc expects to make the first copper shipment from its new Esperanza project in Chile within the next 30 days. Start-up of the new $2.5-billion mine in the Sierra Gorda district in northern Chile took place Nov. 15, when seawater reached the site through a 90-mile aqueduct. Concentrates output will be sent back through a slurry pipeline to the coastal city of Michilla, where Antofagasta is finishing construction of a seaport terminal from which it will export all of Esperanza’s output. But the first shipment will be made in the city of Antofagasta’s port, not Michilla’s, a company spokesman said. The official commissioning of the new mine is scheduled for April 7. With an average copper content of 0.5 percent, Esperanza is expected to produce over 700,000 tonnes per year of concentrates containing some 195,000 tonnes per year of copper fines in the first 10 years. The mine will have a life span of 16 years, although Antofagasta will be able to extend the mine life by developing the nearby deposit of Telégrafo. Antofagasta also plans to build a molybdenum plant to process concentrates from Esperanza. In about three years the company’s board is expected to decide on both the Telégrafo and molybdenum projects.

  • Aluminum production increases IAI Dec 21, 2010

    Primary aluminum production increased to 68,500 tonnes per day in November, the highest daily average of any month this year, according to the latest statistics from the International Aluminium Institute (IAI). Average production for the 30 days of November rose 800 tonnes above the average of 67,700 tonnes per day for the 31 days of October. Between January and November, daily aluminum production averaged 66,400 tonnes, up from 64,100 tonnes in the year-earlier period but still well below the 2008 daily average of 70,100 tonnes. Total aluminum output for November was 2.05 million tonnes, slightly less than October’s revised figure of 2.1 million tonnes but up from 1.91 million tonnes in November 2009. China’s primary aluminum output dropped to 1.2 million tonnes in November, averaging 39,900 tonnes per day, down from 1.29 million tonnes in October. Aluminum output in November fell everywhere apart from the Gulf region, where production rose to 254,000 tonnes from a month-earlier 248,000 tonnes.

  • Chile’s copper output off 7 percent in October, Cochilco says Dec 21, 2010

    Chile produced 459,900 tonnes of copper in October, down 7 percent from 494,700 tonnes produced in the corresponding month of 2009, according to figures from the country’s copper commission, Comisión Chilena del Cobre (Cochilco). The three largest local miners saw a drop in volumes year on year, with Corporacion Nacional de Cobre de Chile’s (Codelco’s) output down 11 percent to 149,500 tonnes, BHP Billiton off 17 percent to 86,600 tonnes and Cia. Minera Dona Ines de Collahuasi SCM (Collahuasi), owned by Xstrata Plc and Anglo American Plc, down 12,800 tonnes to 40,600 tonnes. Still, October output rose 3.7 percent from September, Cochilco’s figures show. Between January and October, output reached 4.43 million tonnes, up 0.5 percent from 4.41 million tonnes in the corresponding period last year. Contributing to the increase was Antofagasta Plc’s Los Pelambres Mine, which recorded a 27.8-percent jump in production to 338,600 tonnes in the first 10 months of 2010. Anglo American Sur, which comprises the El Soldado, Chagres and Los Bronces mines, produced 7 percent less at 213,400 tonnes.

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