06.12.09
Posted in Uncategorized at 8:21 pm by Administrator
Dateline; Friday 12-June, 2009
Platts – The McGraw-Hill Companies
Early trade Friday saw the bulk of the London Metal Exchange’s base metals complex come off highs reached in kerb trade Thursday, but maintain their new ranges, the highest seen all year. “Everything seems to be green shoots and recovery at the moment,” an LME trader told Platts. “OK, the metals are off their highs this morning but even if they are down at these numbers by the end of the day it will still be a stellar close. They have all broken through some major barriers. Dollar weakness has definitely helped push prices higher and gold is also holding quite well at the moment.” The dollar remained weak Friday despite gaining some ground on the back of profit-taking on the commodities rally which has helped push the metals to new highs. Eur1 could buy $1.4034 at 0957 GMT Friday. “There still seems to be natural fear of inflation in the markets,” the trader commented. “It does feel like we are moving back into the black.”
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05.13.09
Posted in Uncategorized at 8:10 pm by Administrator
More miners continue to cut nickel output
By Tom Stundza — Purchasing, 5/13/2009 10:01:00 AM
The recent run-up in spot nickel prices on the London Metal Exchange (LME) to a month-to-date average of $5.83/lb comes from speculative investments rather than from an increase in nickel demand, according to analysts at Macquarie Bank. Therefore, they add, the three-month price of $6.08 reached in futures trading this week probably is unsustainable.
Current nickel prices are well below the cyclical high of $23.65 hit in May 2007 and probably won’t inflate much until stainless steel production worldwide recovers. But that probably won’t happen until 2010 since forecasters believe world stainless steel production this year will be less than the 25.91 million metric tons produced in 2008.
A Reuters News story says a ballooning nickel surplus of more than 110,000 metric tons now sits in LME warehouses and has undermined attempts by suppliers to bring the market into balance by cutting output.
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04.28.09
Posted in Uncategorized at 2:13 pm by Administrator
Dateline: 28-April, 2009;
Metals market guru Tom Stundza reports in a recent Purchasing magazine feature that demand — especially for alloying and plating metals — could have a big rebound in the second half of 2009. “Almost every market researcher expects relatively strong recovery in consumption of nickel, zinc, and even tin because of projected infrastructure spending,” he says. The timing depends largely on demand from the U.S., the European Union, and Japan. But the fly in the ointment, as far as prices go, is the current market surplus of these metals — meaning stocks will have to decline before prices trend upward.
So, what do you think? Add a comment and tell us what you see for the next 2-3 Quarters!!!
Ralph G Mazza / President
Millenium Alloys LLC
“…A New Age in Metals and Alloys”
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04.20.09
Posted in Uncategorized at 12:06 pm by Administrator
Ralph G Mazza / Millenium Alloys LLC
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Apr 16, 2009 – Millenium Alloys LLC attended the Butler County Manufacturing Consortium Luncheon on April 15th in Cranberry Township, Pa USA. The topic for this meeting was “Strength in Working Together”. There were two guest speakers; PA State Representative Mr. Daryl Metcalfe, and also Mr. Mark S. Shiffman, Attorney for Jackson Lewis LLP, and Special Council for Medrad, Inc.
Mr. Metcalfe presented and discussed legislative updates as they pertain to manufacturing and the local economy. Mr. Shiffman presented and discussed the Employee Free Choice Act. There was a lively and interactive Q&A session following each presentation.
BCMC Mission Statement: “The mission of the Butler County Manufacturing Consortium is to identify and meet the developing needs and enhance the growth of all Butler County Manufacturers. We will achieve our mission by working together and partnering with county and state organizations and educational provider.”
Millenium Alloys LLC is a supplier of Prime Metals and Alloys, Scrap, and other Services to Specialty Steel and Foundry’s in the manufacturing sector. The company trades in a Broad and Diversified line of Prime Metals and Alloying materials, and serves the Aerospace, Medical, Power Generation, Chemical and Automotive markets. The company works with manufacturers and processors in North America and abroad, in buying production metal scrap, overstocks, and excess inventory, and reprocesses the material for reuse and recycling by its customers into new products. The company also supplies primary “Producer” materials such as Masteralloy & Ferroalloys, formulated specifically for Specialty Steel and Foundry use.
For additional information on the news that is contained in this release, please contact Ralph G Mazza or visit www.milleniumalloys.net
Company Contact Information:
Ralph G Mazza / President
Millenium Alloys LLC
PO Box 406
Mars, PA 16046
P: 412-913-3516 F: 866-227-3517
www.milleniumalloys.net ralph@milleniumalloys.net
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04.10.09
Posted in Uncategorized at 12:27 pm by Administrator
Mars, PA. 10-April, 2009-
Members of our community and around the country are overcome and heartbroken by the tragedy of April 4, 2009. We wish to offer our prayers, support, and condolences for the families and friends of these heroic police officers, and a thank you to all of those in uniform here and across the county, that answer the call without question or hesitation, and for putting their lives on the line each and every day for us.
Millenium Alloys LLC
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04.09.09
Posted in Uncategorized at 4:17 pm by Administrator
“FOR IMMEDIATE RELEASE”
Mars, Pa; 09-April, 2009 – There is a new specialty metals trading company in Butler County, Pa. called Millenium Alloys LLC.
The new company is a supplier of Prime Metals and Alloys, Scrap, and other Services to the Specialty Steel and Foundry industries. Millenium Alloys LLC also considers purchases of production scrap, overstocks and excess inventory from various metals processors and manufacturing companies in North America and abroad, in any of the materials shown on their Website, www.milleniumalloys.net.
For nearly 14 years, Mr. Mazza worked in manufacturing and the Corporate offices of Crucible Compaction Metals near Pittsburgh, PA USA, a Division of Crucible Materials Corporation in Syracuse, NY USA. CMC has been a leader and pioneer in the technical development of tool steels, powder metallurgy, titanium alloys, and advanced alloy systems for leading edge manufacturers.
After his departure in 1994, he immediately joined Carpenter Powder Products, Inc, a Worldwide Supplier of Specialty P/M Products, and worked out of the corporate offices also near Pittsburgh, PA USA. CPP is a Division of World-Renowned Carpenter Technology Corporation based in Reading, Pa.
After 14 years with Carpenter, Mr. Mazza resigned in January of 2008 and founded Millenium Alloys LLC, to serve the Aerospace, Medical, Power Generation, and Chemical industries. The Company is currently adding several Outside Sales and Purchasing Representatives as a part of their growth plans for 2009 and beyond.
During his career, Mr. Mazza has been a member of The Institute for Supply Management (ISM), ASM International (formerly known as the American Society for Metals), National Association of Purchasing Management, APMI International, and others. He has also completed specialized coursework in Metallurgy with the American Society for Metals (ASM), Export Administration Regulations & Export Controls and Licensing at Duquesne University in Pittsburgh, Pa, Statistical Process Control (SPC), APICS, and Capacity Management & PAC.
Mr. Mazza lives and works in the beautiful North Suburbs of Pittsburgh, Pa.
For additional information on the news that is contained in this release, please contact Ralph G Mazza or visit www.milleniumalloys.net
Company Contact Information:
Ralph G Mazza / President
Millenium Alloys LLC
PO Box 406
Mars, PA 16046
P: 412-913-3516 F: 866-227-3517
www.milleniumalloys.net ralph@milleniumalloys.net
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04.08.09
Posted in Uncategorized at 10:26 am by Administrator
08 Apr 2009 09:40 GMT
BASE METALS: LME Metals Down With Lower Equities,Stronger Dlr (Dow Jones)
By Devon Maylie of Dow Jones Newswires
LONDON (Dow Jones)–Base metals on the London Metal Exchange traded lower
Wednesday due to lower equities markets and a stronger U.S. dollar which
sparked profit taking, traders and analysts said.
More profit taking is possible before the long weekend, said Citi analyst
David Thurtell, when attention will switch to on China’s March import figures
due Monday. These should show another large tonnage after the record for
February and could cause prices to rise and make trading volatile in the coming
days, Thurtell said.
At 0924 GMT LME copper was trading at $4,330 a metric ton, down $49 from
Tuesday’s kerb close. LME aluminum was at $1,462/ton, down $12; LME zinc was at
$1,337/ton, down $18; LME nickel was at $10,725/ton, down $180; LME lead was at
$1,310/ton, down $23; and LME tin was at $10,700/ton, down $200.
Asian and European stock markets fell Wednesday, and aluminum producer Alcoa
began the U.S. first quarter earnings season with a large loss.
Copper canceled warrants in LME warehouses fell 1,025 tons after doubling at
the start of the week, while LME copper inventories rose 2,300 tons on the day.
Copper inventories won’t start coming down in a sustainable way until 2010,
Deloitte’s Chris Thomas said. Furthermore, he said recent buying from China
could be “selective restocking at attractive prices rather than an indication
that we have turned the corner on demand.”
However, other analysts said more stockpile buying is possible and that could
inspire more buying on the LME.
“We think a second round of (China’s) State Reserve Bureau stockpiling will
actually take place in coming months – (of between) 300,000 tons to 600,000
tons – as even today’s prices offer long-term value,” said U.S.-based
consultancy Harbor Intelligence.
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Posted in Uncategorized at 10:22 am by Administrator
03 Apr 2009 06:52 GMT
MINOR METALS-China cobalt prices up on tight supply
SHANGHAI, April 3 (Reuters) – Cobalt prices have risen over
the past week in eastern China on tight supply, with producers
discouraged by the high cost of raw materials and low demand for
their products.
Cobalt, mainly used to make batteries, was quoted in the
range of 320,000 yuan to 330,000 yuan ($46,840 – $48,300) per
tonne on Friday, up 5 percent on the week.
“The price rise is caused by low supply in the market. The
cost of ore is high, but demand is still weak. Refiners are
unwilling to produce more,” said a cobalt trader based in the
eastern province of Jiangsu.
China’s consumption of cobalt is expected to rise at least
3-4 percent this year, thanks to strong demand from cellphone
batteries, even though demand from other sectors may fall in the
face of the global economic downturn, a refiner official said
last month.
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04.01.09
Posted in Uncategorized at 1:27 pm by Administrator
01 Apr 2009 11:05 GMT
BASE METALS: Metals Ease On Dollar Strength, Equity Losses (Dow Jones)
By Matthew Walls
DOW JONES NEWSWIRES
LONDON (Dow Jones)–Base metal prices on the London Metal Exchange eased
Wednesday as the dollar strengthened against the euro and European stock
markets fell.
The metals were mostly trading within recent ranges and will likely continue
to do so in the near-term, traders said.
At 1049 GMT, three-month copper was trading at $3,995 a metric ton, down $40
on the day.
Aluminum was $11 lower at $1,381/ton. Zinc dropped $19 to $1,300/ton, lead
fell $35 to $1,235/ton, nickel lost $150 to $9,700/ton and tin was down $50 at
$10,350/ton.
“I think the market is in for a bit of consolidation,” said a senior metals
trader in London, adding copper will likely range $3,800-$4,200/ton in the near
term.
Inventories for copper and aluminum both rose, adding pressure to the two
metals.
Market participants said they were monitoring developments at the Group of 20
developed and developing nations’ summit in London Thursday, although few
expected any concrete agreements would emerge that could significantly affect
markets.
Besides the summit, base metals may also react to U.S. ISM manufacturing
index and U.S. home sales data expected later Wednesday.
Analysts said the metals could retreat in coming weeks as they appear to have
rallied over the past month without a significant improvement in fundamentals.
UBS analyst John Reade said base metals have made gains even as freight rates
have declined, a warning sign for investors long on base metals.
“With economic activity profoundly weak it seems hard to make a case for
jumping into industrial metals at the moment and the freight indices are
another warning sign to us that certain commodities have run ahead of sensible
levels too soon.”
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03.26.09
Posted in Uncategorized at 4:06 pm by Administrator
DJ MARKET TALK: LME Base Metals Boosted By Strength In China
1001 GMT [Dow Jones] LME base metals are trading higher Thursday boosted by strength in China, says a London-based trader. Copper futures on the Shanghai Futures Exchange settled higher Thursday, boosted by the government’s decision to raise export rebates for non-ferrous metals. Says higher metal prices are dependent on China’s stockpile buying. LME copper is trading at $4,068/ton, +2.6% from Wednesday’s kerb close. (DNM)
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