Nonferrous RSS

  • LME changes will push metal off-warrant: Rusal Dec 09, 2013

    The new London Metal Exchange warehouse rules will lead to a flow of aluminum to off-warrant storage, but won’t address consumers’ complaints against high physical premiums, United Co. Rusal (UC Rusal) has said.

  • DLA sells ferrochrome to five companies for $4.45M Dec 09, 2013

    DLA Strategic Materials sold a combined 1,040 short tons of low-carbon ferrochrome and 1,384 tons of high-carbon ferrochrome to five different companies for $4.45 million in November.

  • Copper premiums climb in Europe Dec 09, 2013

    Copper premiums were quoted as high as $180 per tonne in Rotterdam, the Netherlands, this past week and are climbing due to a thinly supplied European physical market, participants told AMM sister publication Metal Bulletin.

  • Commodities set to rise: ETF Securities Dec 09, 2013

    Investment in commodities will pick up in 2014 as investors switch from equities into the often neglected asset class, which has been underperforming over the past year, an executive at ETF Securities Ltd. said.

  • Aurubis promotes Koenig to vp of copper cathodes Dec 09, 2013

    Christophe Koenig has been promoted to vice president of cathodes and hedging at Aurubis AG following the retirement of Lennart Andersson, who took up the position in June 2012.

  • Lundin expects production to rise over next three years Dec 09, 2013

    Lundin Mining Corp. expects significant increases in copper, nickel, zinc and lead production output over the next three years, the company said in an operational guidance report Dec. 4.

  • Rio Tinto Alcan weighs reorganization Dec 06, 2013

    Rio Tinto Alcan Inc. plans to reorganize parts of its European and American commercial business units as it aims to streamline and adjust to a smaller footprint in both regions, AMM has learnt.

  • Alcoa's Howmet plant suffers fire Dec 06, 2013

    Alcoa Inc.’s Howmet casting operation in Whitehall, Mich., suffered a fire in a titanium dust collector late Dec. 5.

  • China ferrosilicon tax to stay: sources Dec 06, 2013

    U.S. ferrosilicon prices could receive a boost from initial reports that China will not lift a 25-percent export duty on the product, sources told AMM this past week.

  • Recycler makes offer for Ormet copper rods Dec 06, 2013

    Prime Materials Recovery Inc. wants to buy some 430 tonnes of new and used copper rods from Ormet Corp. as the bankrupt aluminum producer continues a piecemeal sale of its assets.

  • Silicomanganese prices inch up Dec 06, 2013

    Silicomanganese prices have inched up on reportedly higher spot and first-quarter business, with some sources claiming a tightening market due to ongoing power issues in South Africa and continued uncertainty over the future of Felman Production LLC.

  • BAE opens Australia facility to make F-35 parts Dec 06, 2013

    BAE Systems Plc has opened a new facility in Australia dedicated to machining titanium parts for Lockheed Martin Corp.’s F-35 Joint Strike Fighter.

  • Panel debates merging LME, Goldman suits Dec 06, 2013

    The U.S. Judicial Panel on Multidistrict Litigation is deciding whether to consolidate a number of lawsuits filed against Goldman Sachs Group Inc. and the London Metal Exchange.

  • Four companies competing for Ormet’s carbon anodes Dec 06, 2013

    Century Aluminum Co. is vying with Noranda Aluminum Holding Corp., Aminco Resources LLC and Bognar & Co. Inc. for carbon anodes on sale from bankrupt aluminum producer Ormet Corp., according to court documents.

  • General Moly eyes rise in Mount Hope costs Dec 05, 2013

    General Moly Inc. has raised its forecast for operating costs at its Mount Hope molybdenum project in Nevada.

  • Aluminum billet premiums steady Dec 05, 2013

    Aluminum billet premiums remained flat in a slow year-end market characterized by little spot availability and mounting concerns about the potential impact of low metals prices on the London Metal Exchange.

  • Hearing on Exide's Calif. facility set Dec 05, 2013

    The SCAQMD's hearing board is set to hold its first hearing on a petition requesting that troubled battery maker Exide Technologies Ltd. improve air pollution control systems at its Vernon, Calif.-based plant.

  • Codelco stops Chuquicamata after strike Dec 05, 2013

    Corporación Nacional del Cobre de Chile (Codelco) halted operations at its copper concentrates smelter in the Chuquicamata Mine after a group of workers went on a strike over higher pay, the company said Dec. 3.

  • Plating-grade nickel premiums rise Dec 05, 2013

    Plating-grade nickel spot premiums have risen due to increased demand from the automotive industry, traders said.

  • Midwest P1020 aluminum premiums rise Dec 04, 2013

    Midwest aluminum premiums have increased as spot availability has tightened at the same time that wide spreads on the London Metal Exchange continue to support financing deals.

  • Lead scrap prices flat on steady demand Dec 04, 2013

    Free-market lead scrap prices have remained stable over the past two weeks as market players said tepid trading activity had quelled pricing volatility for now.

  • Aluminum deox prices recover slightly Dec 04, 2013

    Prices for deoxidized aluminum recovered slightly at the end of November as steel mills raised quotes in line with a slight uptick in production.

  • Bolivia’s tin mines expected to boost production in 2014 Dec 04, 2013

    Bolivia’s Huanuni and Colquiri tin mines are expected to increase production in 2014 once Empresa Metalúrgica Vinto SA (EMV) starts up a new furnace, according to the country’s mining and metallurgy ministry.

  • Boeing titanium demand to rise: PCC exec Dec 04, 2013

    Titanium Metals Corp. (Timet) should see the beginning of an acceleration in demand from Boeing Co. in mid-2014 as parent company Precision Castparts Corp. (PCC) moves to increase its monthly build rates on the products it supplies for the 787 Dreamliner.

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