December 2009

***FORECAST: '10 brings opportunity for Western mills to restructure, says Moll

Markus Moll is the md of Steel & Metals Market Research (SMR).

Francisco Ruiz steps down from Molymet

Francisco Ruiz, executive vp at Chilean molybdenum producer Molymet, stepped down from his job at the company on December 31, he told MB.

Kazakhmys secures $2.7bn loan to develop projects

Kazakhmys has secured a loan of up to $2.7 billion for several key projects following negotiations with the China Development Bank (CBD) and Samruk, the Kazakh state sovereign wealth fund

(AMM)Timet's Bobby O'Brien adds chief executive title to role

Bobby D. O?Brien has been appointed chief executive officer of Titanium Metals Corp.

LME Cu hits fresh 15-month high in officials

Copper prices hit a fresh 15-month high in the official session on the London Metal Exchange on Wednesday on the back of the forthcoming worker strike at Codelco’s Chuquicamata mine

***MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Wednesday:

Banks predict EU stainless market improvement in '10

A recovery in end-user demand from the energy and machine building sectors will lead to an upturn in orders for stainless steel in 2010, major banks predicted.

Jinchuan lifted nickel prices by $439

China's biggest nickel producer Jinchuan Group lifted nickel prices by 3,000 yuan ($439) per tonne on Wednesday, the second such increase after Christmas.

(AMM) Chile mine strike fears boost copper prices

Workers at the state-owned Corporacion Nacional del Cobre de Chile (Codelco) Chuquicamata copper mine have voted to move forward with plans to strike in protest against a low wage offer.

(AMM) Boeing takes over S. Carolina plant key to 787 production

Boeing Co. has consolidated its control of the South Carolina complex crucial to successful production of its new 787 Dreamliner.