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A 5-percent reduction in aluminum output at Rio Tinto Alcan’s majority-owned New Zealand smelter will not disrupt shipments of billet into the United States, a source familiar with the situation told AMM.
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The rise in molybdenum prices in the United States has ended due to a supply boost from South America, some market participants told AMM.
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Century Aluminum Co. has reached another tentative agreement with United Steelworkers union members at the company’s 250,000-tonne-per-year Hawesville, Ky., smelter.
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A number of North American aluminum billet producers are moving material at a discount in the final weeks of 2010, but premiums are expected to rebound in the New Year, producer and consumer sources told AMM.
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Copper logged a second day of losses in New York on Thursday as macro concerns and currency moves weakened bullish sentiment.
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The rise in molybdenum prices in the United States has ended due to a supply boost from South America, some market participants told AMM.
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Copper logged a second day of losses in New York on Thursday as macro concerns and currency moves weakened bullish sentiment.
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A 5-percent reduction in aluminum output at Rio Tinto Alcan’s majority-owned New Zealand smelter will not disrupt shipments of billet into the United States, a source familiar with the situation told AMM.
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The U.S. trade deficit for brass mill products widened in October, according to the latest figures from the Washington-based Copper and Brass Fabricators Council (CBFC).
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Aluminum shipments by North American distributors fell for the third consecutive month in November despite distributors’ reports of stronger-than-expected sales across most end-use sectors.
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A number of North American aluminum billet producers are moving material at a discount in the final weeks of 2010, but premiums are expected to rebound in the New Year, producer and consumer sources told AMM.
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Secondary low copper-aluminum alloy tags came under pressure this week after some producers cleared inventory and others cited lower production costs.
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Century Aluminum Co. has reached another tentative agreement with United Steelworkers union members at the company’s 250,000-tonne-per-year Hawesville, Ky., smelter.
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Zinc and lead supply outstripped demand by 211,000 tonnes and 51,000 tonnes, respectively, in the 10 months through October, according to the latest figures from the International Lead and Zinc Study Group (ILZSG).
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Brazil’s primary aluminum production is expected to reach a total of 1.52 million tonnes in 2010, down about 0.7 percent from 1.53 million tonnes in 2009.
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Copper prices shed nearly 2 percent in New York trading Wednesday as a stronger dollar prompted some investors to cash in on profits.
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Copper prices shed more than 1 percent in New York trading Wednesday as a stronger dollar prompted some investors to cash in on profits.
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Corporacion Nacional de Cobre de Chile (Codelco) has withdrawn its most recent public tender after receiving bids it considered too low.
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A fire at titanium producer Perryman Co. was quickly brought under control without loss or injury, the company said.
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HudBay Minerals Inc. will increase its annual exploration budget by more than 40 percent next year as two of its major ore-producing assets near the end of their production.
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More than 90 percent of copper stocks in London Metal Exchange-approved warehouses are held by one market participant, according to new warrant cash-banding data from the exchange.
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The annualized rate of aluminum production in North America climbed in November for the third straight month, inching up 0.6 percent to 4,718,842 tonnes.
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Rio Tinto Alcan will slice output at its majority owned Tiwai Point aluminum smelter in southern New Zealand by 5 percent amid soaring energy prices in the region, the Montreal-based company said Wednesday.
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The annualized rate of aluminum production in North America climbed in November for the third straight month, inching up 0.6 percent to 4,718,842 tonnes.