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Chile Urges Copper Exploration Amid Rally in Prices

May 17 (Bloomberg) — Chile’s Mining Minister Karen Poniachik urged metals producers to take advantage of a rally in copper prices and increase exploration in the country. Chile, the world’s biggest producer of copper, still has new deposits yet to be discovered, she said. The country accounts for 35 percent of copper mined worldwide. To … Continue reading “Chile Urges Copper Exploration Amid Rally in Prices”

Alcoa more than doubles profit

Results build on ‘robust’ transport, aerospace demand By Jim Jelter, MarketWatch Last Update: 5:53 PM ET Apr 10, 2006 SAN FRANCISCO (MarketWatch) — Global aluminum giant Alcoa Inc. said late Monday that first-quarter profit more than doubled, bolstered by a 16% jump in sales in a market driven by strong demand from the commercial transportation … Continue reading “Alcoa more than doubles profit”

EVS METAL ACQUIRES SOME OF THE ASSETS OF PREFERRED, INC.

Riverdale, NJ – February 28, 2006 — EVS Metal, Inc., a leading supplier of custom fabricated sheet metal, integration, machined parts and engineering services, announced today that it has acquired certain assets of Preferred, Inc. Preferred, Inc. is a precision sheet metal fabrication supplier presently located in Austin, Texas, which has been in business since … Continue reading “EVS METAL ACQUIRES SOME OF THE ASSETS OF PREFERRED, INC.”

EVS METAL COMPLETES BARRÉ ACQUISITION

Riverdale, NJ – December 1, 2005 — EVS Metal, Inc., a leading supplier of custom fabricated sheet metal, integration, machined parts and engineering services, announced today that it has acquired certain assets of The Barré Company, Inc. The Barré Company is a precision sheet metal fabrication supplier presently located in Mountainside, NJ, that has been … Continue reading “EVS METAL COMPLETES BARRÉ ACQUISITION”

U.S. Steel profit falls, sees better 4Q

Weaker spot prices, production outages hit bottom line By Jim Jelter, MarketWatch SAN FRANCISCO (MarketWatch) – United States Steel Corp. reported Tuesday a steep drop in third-quarter profit, their margins squeezed by production outages, higher energy costs and lower spot prices. The company nevertheless managed to pass along much of the higher cost to customers, … Continue reading “U.S. Steel profit falls, sees better 4Q”

Producer price surge biggest in 15 years

By Tim Ahmann WASHINGTON (Reuters) – U.S. producer prices shot up by an unexpectedly large 1.9 percent last month, the biggest gain in more than 15 years, as energy costs surged in the wake of hurricanes that devastated the U.S. Gulf Coast, a government report showed on Tuesday. However, outside of volatile food and energy … Continue reading “Producer price surge biggest in 15 years”

Alcoa earnings hit by declining metal prices

Alcoa, the world’s largest aluminum producer, said on Monday third-quarter net profit dropped 38 percent from the previous quarter, confirming earlier warnings of a squeeze between rising energy costs and falling metals prices.  

Austin Looking Good For New $3.5 Billion Samsung Plant

There’s a buzz in the business world today that the Samsung electronics company has zeroed in on where to locate a new $3.5 billion dollar chip plant. And the winner could be Austin. Samsung already has a strong presence in Northeast Austin and has plenty of land for possible expansion. A spokesman for Samsung Austin … Continue reading “Austin Looking Good For New $3.5 Billion Samsung Plant”

Year-to-Date Steel Imports Down

Steel-consuming companies should be concerned by the 14-percent decline in imports of hot- and cold-rolled steel for 2005 compared to 2004 YTD figures, “especially since service-center inventories are now at or below normal levels,” says PMA President William E. Gaskin. Add in the possible boost in demand from hurricane-rebuilding efforts and the result could be … Continue reading “Year-to-Date Steel Imports Down”

Copper Rises to a Record, Heads for Third Weekly Gain in London

Oct. 7 (Bloomberg) — Copper rose to a record in London, heading for its third consecutive weekly gain, as smelter closures and dwindling stockpiles curbed supplies of the metal used to make wiring and plumbing. Glencore International AG’s Mufulira smelter in Zambia closed Oct. 3 because of a shortage of fuel. On Oct. 2, Asarco … Continue reading “Copper Rises to a Record, Heads for Third Weekly Gain in London”