April 2013

Private equity, traders step up mining M&A activity – BNP Paribas

Private equity and trading firms are stepping up their merger and acquisition activity in the mining sector, which is seeing its traditional investment patterns evolve and change, a managing director at BNP Paribas said.

Mine projects sweet spots in early stages – Tocqueville

There are a couple of key investment "sweet spots" in mining projects, both of which are prior to the production stage, a co-portfolio manager at Tocqueville Asset Management said.

Miners paying penalty for past risks – Cowen

Mining companies either failed to recognise or ignored the risks associated with developing projects and are now paying the penalty, an analyst at Cowen Securities said.

European stainless scrap price falls on lack of demand, falling nickel values

Stainless scrap prices continued to fall last week, on the back of declining demand and falling nickel prices.

Hawesville could survive Southwire loss – Bless

Century Aluminum could continue to operate its Hawesville, Kentucky, smelter even if it were to lose the facility’s largest customer, Southwire, according to company president and ceo Michael Bless.

CLOSE TO CLOSE: Base metals edge down in LME kerb

Base metals saw modest falls from their official prices in kerb trading on the London Metal Exchange on Tuesday April 30, with national holidays in Asian markets leading to thin volumes.

Market divided on aluminium premiums

Midwest spot aluminium premiums remained unchanged last week amid considerable uncertainty about the direction of the market.

Aluminium billet premiums ease slightly

The aluminium billet market has softened in recent weeks as uncertainty over the economy weighs slightly on premiums.

Century to buy Alcan’s Kentucky smelter

Century Aluminum has agreed to acquire Rio Tinto Alcan’s smelter in Sebree, Kentucky, for $61 million in cash and the assumption of $4 million in liabilities, the companies said April 29.

Delayed copper ETFs hindering prices – AFund

The delay in launching physical copper exchange-traded funds (ETFs) has played a part in hindering the metal’s advance, the president of AFund Inc said.