• Ringing out the year of LME’s big bang Dec 31, 2013

    Ever since Hong Kong Exchanges & Clearing Ltd. (HKEx) chief executive officer Charles Li signaled his intent to look more closely at warehousing, 2013 was destined to be remembered as the year that rang with a bang for base metals.

  • Sale of certain Ormet assets OK’d Dec 30, 2013

    The U.S. Bankruptcy Court in Delaware has approved the sale of certain assets of bankrupt Ormet Corp.

  • Shell’s deal on Horsehead smelter extended Dec 30, 2013

    Horsehead Corp. has signed an amended agreement with Shell Chemical LP that extends the period of time Shell has to evaluate the Monaca, Pa., zinc smelting facility and exercise its option to purchase the site.

  • Globe labor deal ends Bécancour lockout Dec 30, 2013

    Globe Specialty Metals Inc. expects to have its Quebec Silicon LP silicon metal plant in Bécancour, Quebec, back at full production by the end of the first quarter after reaching a new collective bargaining agreement with plant workers.

  • Yildrim secures Mechel's stake in ferroalloys Dec 30, 2013

    Russian steel producer Mechel OAO has closed the sale of 100 percent of its shares in the Voskhod mining plant and Tikhvin ferroalloy plant to Turkish conglomerate Yildirim Group for $425 million.

  • Metals shipment, order values fall in November Dec 30, 2013

    The value of metals product shipments fell in November vs. the previous month, the most recent U.S. Census Bureau data show.

  • LME warehousing policy 'breaches Rusal's human rights': source Dec 24, 2013

    United Co. Rusal (UC Rusal) has filed a lawsuit claiming the London Metal Exchange’s decision to implement a new warehousing policy breaches its rights under the European Convention on Human Rights, a source close to the company said.

  • LME warehouse plan a ‘go’ despite challenge Dec 24, 2013

    The London Metal Exchange will proceed with its proposed warehousing policy changes, aimed at cutting queues for metals, despite aluminum producer United Co. Rusal’s (UC Rusal’s) challenge to the plan.

  • Freeport chief exec to receive $36M in stock Dec 24, 2013

    Freeport-McMoRan Copper & Gold Inc. chief executive officer Richard C. Adkerson gave up his right for severance pay as he canceled his employment agreement and received a retention award of shares valued at $36 million.

  • Noront environmental report for Ring of Fire project done Dec 24, 2013

    Noront Resources Ltd. has completed and released an environmental assessment report for its Eagle’s Nest nickel-copper-platinum project in northern Ontario’s Ring of Fire.

  • SRS wins bidding battle for Empire's assets Dec 23, 2013

    A company formed by SRS International Holdings Inc. has successfully bid for Empire Die Casting Co.’s assets following a sales hearing held Dec. 19 in U.S. Bankruptcy Court in Ohio.

  • PSC seeks more data from Felman Dec 23, 2013

    Felman Production LLC has been ordered by the Public Service Commission (PSC) of West Virginia to provide more financial and production data after the silicomanganese producer revised its request for a special electricity rate.

  • BTG Pactual hires former INTL FCStone trading team Dec 23, 2013

    Grupo BTG Pactual SA has boosted its metals activities further by hiring a physical trading team led by James Mammone, formerly of INTL FCStone Inc., sources familiar with the matter told AMM.

  • Atlantic turns focus to Europe, Asia Dec 23, 2013

    Atlantic Ltd. said the narrowing price gap between the North American ferrovanadium market and the rest of the world has led the company to turn its focus to European and Asian consumers.

  • ITC to review manganese duties Dec 23, 2013

    The U.S. International Trade Commission (ITC) has voted to conduct a full five-year sunset review of anti-dumping duty orders on electrolytic manganese dioxide from Australia and China.

  • Avanti Mining closes $50M loan Dec 23, 2013

    Avanti Mining Inc. has closed a $50-million loan facility with Resource Capital Fund VI LP to help fund preconstruction activities at its Kitsault molybdenum project.

  • Canadian Metals files ferrosilicon report Dec 23, 2013

    Canadian Metals Inc. has filed a technical report for its Langis silica project in eastern Quebec, with the company looking to advance the project on the basis of scale-up pilot testing for ferrosilicon.

  • SiMn 2014 contract discounts narrow Dec 20, 2013

    Silicomanganese sellers say they have booked 2014 contracts with dramatically improved formula discounts, although those for medium-carbon ferromanganese contracts reportedly have yet to see a similar trend.

  • FeSi prices drop as supply anxiety lessens Dec 20, 2013

    Ferrosilicon spot prices have dropped slightly as supply anxiety continues to ease, while contract business has reportedly been finalized at the lower end of published ranges.

  • Southwire signs deal to buy Coleman Cable Dec 20, 2013

    Southwire Co., one of North America’s largest producers of wire and cable, has entered into a definitive agreement to acquire Coleman Cable Inc. for about $786 million.

  • Moly contract discounts change little for ’14 Dec 20, 2013

    Molybdenum producers have booked 2014 contracts with formula discounts comparable to 2013 contracts, with an expected supply improvement next year impacting quoting levels.

  • LME on track to break trading records in 2013 Dec 20, 2013

    London Metal Exchange trading volumes were on course to break annual records in the first 11 months of the year, data from the exchange showed Dec. 19.

  • Aluminum market a Grinch as European premiums rise Dec 20, 2013

    As the year draws to a close, base metal premiums tend to stagnate as activity levels fall and consumers head home for the holidays, but aluminum has other ideas.

  • Rio Tinto's Gove alumina refinery to shut in '14 Dec 20, 2013

    The closure of Rio Tinto Plc’s Gove alumina refinery in Australia will be carried out in three phases beginning in February, and will result in the loss of more than 1,000 jobs, the company said.

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