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Hotline heard of some unusual and audacious criminals during his diligent investigation into the growing problem of metal theft, but for pure quantity few individuals can beat the 37-year old man arrested this month in Spain for stealing around 3,000 supermarket trollies over the course of this year, at a value of €290,000 ($378,000).
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Aluminum producer Novelis Inc. will invest some $50 million to install a coating line for beverage can end stock at its rolling and recycling complex in Pindamonhangaba, Brazil, the company said Wednesday.
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KGHM adjusted its net profit forecast to 11.1 bn zloty ($3.26), 16% higher than expected in the September forecast, KGHM said on December 21.
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UK secondary aluminium ingot prices were mostly stable on Wednesday December 21 as producers sought out new markets, with European buyers offering unacceptably low numbers due to euro weakness.
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Base metal prices fell below their opening levels in official trading on the London Metal Exchange on Wednesday, reversing earlier gains, after the European Central Bank concluded its first ever tender of three-year loans.
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It’s that time of year again – the time to look back at what happened in 2011, and, maybe, try to understand.
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The global copper market recorded a 170,000-tonne deficit in the first nine months of 2011, according to the latest data from the International Copper Study Group (ICSG).
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KGHM has signed a new five-year framework contract with China Minmetals for the sale of up to 100,000 tpy of copper cathode, the Polish company said on Tuesday December 20.
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Copper rallied above $7,500 per tonne in pre-market trading on the London Metal Exchange on Wednesday as the European Central Bank (ECB) promised three-year loans to financial institutions to shore up liquidity in the eurozone.
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The price of tellurium is expected to fall further as buyers withdraw from the market.
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China’s lead ore and concentrate imports rose by 15.4% month-on-month in November, according to the latest customs data.
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China’s ferro-chrome imports rose by 41% in November as a result of increased demand and attractive international prices.
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Manganese ore imports into China surged by 72.2% month-on-month in November after a massive slump in October.
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Refined copper imports into China rose in November to a 29-month high as importers restocked on lower LME prices, while concentrate imports jumped by a third as global miners increased shipments on low spot TC/RCs before next year's long-term contracts.
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Cobalt concentrate and ore imports into China rose by 15.9% in November as shipments ordered in the first half of September began to arrive.
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China's nickel ore imports surged 37.55% month-on-month in November, as orders from traders increased in October when London Metal Exchange nickel prices rebounded.
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Shanghai Futures Exchange copper prices ended up 1.7% on Wednesday thanks to boosts from overseas markets overnight.
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London Metal Exchange copper held above $7,400 per tonne in early Asian trading on Wednesday as investors in Asia digested news that came out of US and Europe overnight.
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Aluminum shipments by U.S. distributors are expected to pick up speed in the first quarter after a traditional sluggish year-end, market sources told AMM.
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Downstream aluminum producer Constellium is making progress in its search for a new chief executive officer and expects to name a permanent replacement by the second quarter of next year, interim chairman and chief executive officer Richard B. Evans told AMM.
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HudBay Minerals Inc.’s board of directors has approved a capital investment of Canadian $71 million ($68.9 million) for construction at the Reed Lake copper project near Flin Flon, Manitoba, according to VMS Ventures Inc.
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Revett Minerals Inc. will begin development to prolong the life of its Troy silver-copper mine in Libby, Mont., beginning August 2012.
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The copper market could start out on strong footing next year and mirror business conditions of 2011, market participants told AMM.
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Industrial production index and capacity utilization rates for primary metal producers hit highs in November not seen in three years, according to the latest Federal Reserve Board report.