Nonferrous

• Copper demand set to rise: PolyMet exec Jun 06, 2013

  Copper demand is expected to rise as its use is embraced in new industries, including alternative energy, according to a PolyMet Mining Corp. executive.

• Century ordered to update Ravenswood cleanup plan Jun 06, 2013

  The U.S. Environmental Protection Agency has ordered Century Aluminum Co. to develop an updated cleanup plan for its property in Ravenswood, W.Va.

• US nickel premiums flat in ‘dead’ spot mart Jun 06, 2013

  Nickel spot market activity continues to languish, with market participants reporting little consumer interest and unchanged premiums.

• US steel deficit grows, copper in surplus Jun 06, 2013

  The value of the U.S. iron and steel mill product trade deficit rose 23.2 percent in April to $576 million as exports fell 4.8 percent and imports gained 4.7 percent, according to the latest data from the Bureau of Economic Analysis.

• Abbott resigns from LME, HKEx Jun 06, 2013

  Martin Abbott has resigned from his roles as co-head of global markets at Hong Kong Exchanges & Clearing Ltd. (HKEx) and chief executive officer of the London Metal Exchange, the LME said June 6.

• Spot tin premiums slip in challenging market Jun 05, 2013

  U.S. tin premiums have decreased following a demand dip in a market faced with excess supply due to imports from Indonesia.

• Mississippi River shippers face flooding delays Jun 05, 2013

  Flooding has forced several lock closures along the upper Mississippi River, stranding some barges carrying steel and steelmaking materials below St. Louis, according to government and industry sources.

• Novelis secures a $1-billion credit line from Wells Fargo Jun 05, 2013

  Novelis Inc. has landed a $1-billion credit line that will be used to fund working capital, capital expenditures and general corporate expenses at the aluminum company, according to a division of Wells Fargo & Co.

• Aluminum prices rise on Chalco cutbacks Jun 05, 2013

  Aluminum prices firmed in official trading on the London Metal Exchange June 5 amid technical buying and news that Aluminium Corp. of China (Chalco) will cut output.

• Zambia copper output to hit 1.1M tonnes per year by 2015 Jun 05, 2013

  New mining projects coming online in Zambia will raise the country’s finished copper production to 1.1 million tonnes per year by 2015, down from earlier forecasts of around 1.5 million tonnes, Zambia’s mines, energy and water development minister Yamfwa Mukanga said.

• Silicon metal prices dip as outlooks diverge Jun 05, 2013

  Silicon metal prices have dipped in recent weeks, with market players split on whether the decline is a result of overreaction to fewer lower-priced deals or a lack of overall demand.

• CCMA, ProFound Alloys buy DLA low-carbon ferrochrome Jun 05, 2013

  CCMA LLC and ProFound Alloys LLC have purchased low-carbon ferrochrome from DLA Strategic Materials for a combined $1.46 million.

• Constellium seeks buyer for plant in France Jun 05, 2013

  Constellium NV is seeking a buyer for its precision castings operations in Ussel, France.

• Brazilians support Anglo nickel project Jun 05, 2013

  Seventy-seven percent of people in the Brazilian state of Pará supports the proposed construction of Anglo American Plc’s Jacaré nickel project, according to company research.

• Scrap lead battery prices follow LME higher Jun 05, 2013

  Scrap lead battery prices have moved higher along with a rise in primary lead, with sellers reportedly having re-entered the market to take advantage of the higher tags.

• Extrusion demand shows signs of easing: SCM Jun 05, 2013

  Demand for soft alloy extrusions is showing signs of easing, a potentially worrying trend for the second half of 2013, according to Service Center Metals LLC’s top executive.

• Extruders need to change way of pricing: SCM Jun 04, 2013

  Soft alloy extruders must reconsider how they price their product in the face of increased aluminum price volatility and short lead times, according to Service Center Metals LLC (SCM) president and chief executive officer R. Scott Kelley.

• Ormet sale OK'd by bankruptcy court Jun 04, 2013

  Ormet Corp.’s sale to stalking horse bidder Smelter Acquisition LLC, a company owned by Wayzata (Minn.) Investment Partners LLC, has been approved by the U.S. Bankruptcy Court in Delaware.

• PT Freeport halts all operations at Grasberg Jun 04, 2013

  PT Freeport Indonesia has suspended all operations at its Grasberg copper mine—including the production of concentrates—until an accident investigation is completed, raising concerns about how long it will be able to supply metal to the market.

• Kennecott offers workers alternative jobs Jun 04, 2013

  Kennecott Utah Copper has offered alternative roles to unionized staff that would otherwise be impacted by its cost-reduction efforts.

• Credit needs transparency to correct mispricing: Marex Spectron Jun 04, 2013

  A more transparent evaluation of credit is needed to fix its incorrect pricing in the market, according to the global head of metals at Marex Spectron.

• Emal, Dubal merge Jun 04, 2013

  Emirates Aluminium Co. Ltd. (Emal) and Dubai Aluminium Co. Ltd. (Dubal) have merged to create Emirates Global Aluminium.

• Metals evolution drives Marex Spectron strategy Jun 04, 2013

  The changing nature of the metals industry has been behind Marex Spectron’s transformation from a transaction broker to a company that guides clients by "creating opportunities through investment in technology and analysis."

• ITC reviewing silicon metal import duty Jun 04, 2013

  The U.S. International Trade Commission (ITC) has scheduled a review to determine whether revocation of an anti-dumping duty order on silicon metal from Russia would likely lead to material injury to the domestic industry.