Nonferrous RSS

  • Nov. aluminum orders dip but trend remains positive Dec 09, 2010

    North American aluminum demand fell in November for the second straight month, according to Davenport & Co. LLC data based on seasonally adjusted figures from the Aluminum Association.

  • Senator joins fight against Century retiree benefit cuts Dec 09, 2010

    Union workers at Century Aluminum Co.’s idled Ravenswood, W.Va., smelter have garnered senatorial support in their fight to retain retiree health-care benefits slated for termination at the end of this month.

  • Korea Zinc to take 51% stake in Woulfe tungsten-moly project in S. Korea Dec 09, 2010

    Canadian junior mining company Woulfe Mining Corp. has signed a deal with Korea Zinc Co. Ltd. for a controlling stake in Woulfe’s Sangdong tungsten-molybdenum project in South Korea, Woulfe’s top executive told shareholders in New York.

  • BPA sweetens power deal for Glencore's Mont. plant Dec 09, 2010

    The Bonneville Power Administration (BPA) has presented a more favorable long-term power agreement to Columbia Falls Aluminum Co. LLC at the urging of Montana’s two U.S. senators.

  • Norilsk seeks $721.5 million for 51.3% stake in Stillwater Dec 09, 2010

    MMC Norilsk Nickel will look to garner $721.5 million from the sale of a 51.3-percent stake in Canadian platinum and palladium producer Stillwater Mining Co.

  • ETF interest rises again in November Dec 09, 2010

    Assets held in commodity exchange-traded funds (ETFs) and exchange-traded notes (ETNs) jumped to $97.89 billion in November, up 5 percent from October and 31 percent higher year on year, according to National Stock Exchange data.

  • Banks offer aluminum warrants for 2011 Dec 08, 2010

    Banks are offering aluminum warrants for metal held in European warehouses on a long-term basis for 2011 as they look to pare their high inventories and limit their exposure to possible London Metal Exchange backwardations, market participants told AMM sister publication Metal Bulletin this week.

  • Nickel contract premiums expected to fall in 2011 Dec 08, 2010

    Nickel premiums for 2011 contracts are expected to fall to between 30 and 45 cents per pound in the United States as Vale AS’ aggressive pricing strategy continues to pressure the market, according to an informal survey by AMM.

  • Western Ti seeks mistrial, says crucial info withheld by gov’t Dec 08, 2010

    Key defendants in the U.S. government’s criminal fraud case against Western Titanium Inc. are seeking a mistrial, charging the government dragged its feet in providing critical documents to the San Diego distributor and its executives.

  • Norsk Hydro to shut Norway extrusion plant Dec 08, 2010

    Norsk Hydro ASA will close its extrusion plant at Karmøy, Norway, in 2012 as it restructures its Norwegian aluminum profiles business, the company said Wednesday.

  • US duties on Russian magnesium no longer applicable VSMPO Dec 08, 2010

    The global magnesium market has undergone a “fundamental” shift since 2005, making U.S. anti-dumping duties on Russian magnesium unnecessary, Russian producer VSMPO-Avisma Corp. said.

  • Soaring copper prices subdue US market Dec 08, 2010

    Soaring copper prices and negotiations for 2011 contracts are keeping the U.S. spot market quiet, with many traders focusing on finalizing supply deals for next year.

  • Rio Tinto increasing stake in Ivanhoe Mines Dec 08, 2010

    Rio Tinto Plc and Ivanhoe Mines Ltd. have signed a deal that will enable the major mining company to take operational control over development and production at Oyu Tolgoi, the copper-gold project in Mongolia.

  • Ball Corp. in deal to acquire European packaging plants Dec 08, 2010

    Ball Corp. has agreed to buy European aerosol container producer Aerocan S.A.S. for about $293 million as the company looks to grow its overseas aluminum packaging business.

  • Soaring copper prices subdue US market Dec 08, 2010

    Soaring copper prices and negotiations for 2011 contracts are keeping the U.S. spot market quiet, with many traders focusing on finalizing supply deals for next year.

  • Ball Corp. in deal to acquire European packaging plants Dec 08, 2010

    Ball Corp. has agreed to buy European aerosol container producer Aerocan S.A.S. for about $293 million as the company looks to grow its overseas aluminum packaging business.

  • Western Ti seeks mistrial, says crucial documents withheld by government Dec 08, 2010

    Key defendants in the U.S. government’s criminal fraud case against Western Titanium Inc. are seeking a mistrial, charging the government dragged its feet in providing critical documents to the San Diego distributor and its executives.

  • US duties on Russian magnesium no longer applicable, says VSMPO Dec 08, 2010

    The global magnesium market has undergone a "fundamental" shift since 2005, making U.S. anti-dumping duties on Russian magnesium unnecessary, Russian producer VSMPO-Avisma Corp. said.

  • Nickel contract premiums expected to decline in ’11 Dec 08, 2010

    Nickel premiums for 2011 contracts are expected to fall to between 30 and 45 cents per pound in the United States as Vale AS’ aggressive pricing strategy continues to pressure the market, according to an informal survey by AMM.

  • Alcoa appoints Olivier Jarrault to spearhead its EPS division Dec 08, 2010

    Aluminum company Alcoa Inc. has named Olivier Jarrault president of the company’s engineered products and solutions (EPS) division, effective Jan. 1.

  • Copper hits record high, exceeds $9,000/T Dec 07, 2010

    Copper hit a record price on the London Metal Exchange Tuesday after topping $9,000 per tonne for the first time ever in the pre-market session.

  • Lifting tariffs could threaten US Magnesium Dec 07, 2010

    Lifting anti-dumping duties on Chinese and Russian magnesium could threaten the survival of the United States’ only major producer, US Magnesium LLC, the president of the company, Michael H. Legge, told the U.S. International Trade Commission (ITC) Tuesday.

  • Lifting anti-dumping tariffs could threaten US Magnesium Dec 07, 2010

    Lifting anti-dumping duties on Chinese and Russian magnesium could threaten the survival of the United States’ only major producer, US Magnesium LLC, the president of the company, Michael H. Legge, told the U.S. International Trade Commission (ITC) Tuesday.

  • First metal-backed ETFs set to launch Dec 07, 2010

    ETF Securities Ltd. has set a Dec. 10 launch for the world’s first physically backed exchange-traded funds (ETFs) in copper, nickel and tin, the company said Tuesday.

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