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Domestic metalformers have caught the tail of the manufacturing sector recovery and are beginning to thrive, according to the positive responses in the latest Precision Metalforming Association (PMA) survey.
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Molybdenum producer Thompson Creek Metals Co. Inc. has sold forward more of the gold production from its Mount Milligan copper-gold mine in British Columbia to Royal Gold Inc., the company said Thursday.
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A report by PricewaterhouseCoopers LLP (PwC) goes a step beyond celebrating the "game-changing" potential of shale gas to quantify the impact that developing the Marcellus, Utica, Bakken, Barnett and Eagle Ford shales would have on job creation and the competitiveness of U.S. manufacturing.
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The impending sale of Quadra FNX Mining Ltd. to KGHM Polska Miedz SA has many analysts waiting for a bidding war, while others wonder if the move indicates a bearish outlook on copper prices in the new year.
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Contractors could go out of business if prices for key construction materials—such as steel—continue to outstrip bids for finished products, the Associated General Contractors (AGC) of America said Thursday.
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Aluminum prices slumped this week to lows last seen in July 2010, and while cautious buyers are hesitant to stock up on discounted material ahead of year-end bookkeeping, a prolonged pullback could incite a buying spree in the first few weeks of January, market sources told AMM.
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Hussey Copper Corp. has arranged a new settlement plan with its creditors committee.
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Silicomanganese tags in the domestic market have fallen to levels last seen in early 2009 due to competition among suppliers for first-quarter business, market participants told AMM.
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Signature Aluminum Canada Inc. is close to securing a significant asset-based loan from a major Canadian bank to fund company growth, chief executive officer Ted Riddle told AMM.
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Base metals prices posted modest gains in the kerb session on the London Metal Exchange on December 15, after recovering equities and a stronger euro lent support in afternoon trading.
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Aluminium producer, UC Rusal intends to amend existing credit facilities over the next 12 months due to weakness of global commodity markets, the company said today.
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The mining industry in the Democratic Republic of Congo (DRC) could struggle to attract inward investment after the president admitted his re-election was flawed.
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Gecamines, the Democratic Republic of Congo (DRC) state-owned miner, maintains that it has paid in full for a 60% stake in a copper and cobalt mine, CMSK in Katanga province, which is the subject of arbitration in Paris.
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Sanab md Gladys Smith will run to become the next chair of the Minor Metals Trade Association ahead of Guy Darby’s departure next year.
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The Democratic Republic of Congo (DRC’s) state-owned mining company Gecamines will use an audit of its joint ventures as one means to raise money to restructure and pay for its plans to ramp up copper production, ceo Kalej Nkand told Metal Bulletin.
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Switzerland-based commodities trader Glencore International has bought an 80.08% stake in Namibia’s second-largest zinc and lead producer, Rosh Pinah, for an undisclosed amount.
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Brazilian smelters produced 120,200 tonnes of primary aluminium in November, down by 4.9% from the same month last year, according to the country’s national association
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Analyst Ed Meir looks at what is moving the metals markets on Thursday.
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The chrome market is at a low point but it is set to weather the storm and come back for a revival, according to Phoevos Pouroulis, ceo of chrome newcomer Tharisa.
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South African chrome miner Tharisa entered the chrome market in 2007, just before the tumult caused by the financial crisis of 2008, but the company is growing rapidly, seemingly oblivious of the depressed market conditions.
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Chinese selenium importers are getting more pick about high-priced material, rebuffing "unreasonable" offers, market participants said.
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Base metals prices will not see a solid rally until there is a firm resolution in Europe, a category I trader told Metal Bulletin in Thursday’s pre-market trading on the London Metal Exchange.
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The nickel market was in a 13,000-tonne surplus in the nine months to September 2011, according to the World Bureau of Metal Statistics.
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The prospects for copper-indium-gallium-diselenide (CIGS) technology in the solar energy sector have suffered a further blow this week as Arizona-based First Solar decided to abandon CIGS and focus on cadmium-telluride solar cells.