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Metal industry news, March 2012

China Molybdenum Co Ltd is planning an initial public offering (IPO) in Shanghai, hoping to raise 3.65 billion yuan.

US tungsten product manufacturing has increased at an annual rate of 17.9% from 4300 tonnes in 2007, and is expected to reach 9900 in 2012, according to an

Corning Incorporated has named David L. Morse as its new Executive Vice President and Chief Technology Officer from 1 May.

Aisin Seiki Co's subsidiary, IMRA America Inc, and DISCO Corporation will jointly develop new lasers and processing systems for laser dicing of semiconduct

The American steel industry is helping US manufacturing out of the recession, according to a report from Professor of Energy Economics at University of Wyo

Jiangxi Ganfeng Lithium Co Ltd, a Chinese multi-product lithium manufacturer, is increasing its stake in International Lithium Corp to 14.7%.

Sumitomo Electric Industries Ltd is establishing a joint venture (JV) with WLK Group and Santini Group, to manufacture and sell sintered parts in Indonesia

AREVA is selling it 26% stake in Eramet to Fonds Stratégique d'Investissement (FSI) for €776 million.

Union Process Inc has produced a dry grinding batch-type attritor that will be used to mill nano-size particles of various materials for renewable and alte

ITRI's subsidiary, ITRI Innovation Ltd, and Ultromex Ltd have formed a joint venture (JV) to recover tin and other metals from waste circuit boards.

Federal-Mogul Corporation's CEO José Maria Alapont will retire as President and CEO on 31 March, but will remain on the company’s Board of Directors throug

Miba Sinter Austria's Site Manager, Markus Ber, will take up the post as Chief Operating Officer (COO) of Miba Friction Group from 1 April.

Allegheny Technologies Incorporated's (ATI) Rowley, UT, titanium sponge facility has completed the standard-grade qualification (SQ) process, meaning the t

Kennametal Inc has been named one of the 'World's Most Ethical Companies' by the think-tank The Ethisphere Institute for its promotion of ethical business

Plansee is introducing a molybdenum-tantalum alloy for back contact material in copper indium gallium selenide (CIGS) solar cells, as the traditional use o

The EU, the US and Japan filed a case with the World Trade Organization (WTO) on 13 March to address China's tough export quotas on rare earth minerals.

Alan Lawley will receive the 2012 Kempton H. Roll PM Lifetime Achievement Award at PowderMet 2012 in Nashville, TN, USA, on 11 June.

The Metal Powder Industries Federation (MPIF) and APMI International's annual conference, PowderMet2012, is set to highlight the latest developments and tr

KEMET Corporation is acquiring a 34% economic interest with a 51% voting interest in NEC Tokin Corporation, a manufacturer of tantalum capacitors, electro-

Molycorp is buying rare earth processor Neo Material Technologies for US$1.3 billion, strengthening its rare earth metals position.

Kobe Steel Ltd plans to increase its production capacity of titanium alloys for the aerospace sector and commercially pure titanium for general industry, r

Plansee has developed a molybdenum-copper composite material, Mo-Cu R670, for semiconductor wafer substrates, ensuring optimised heat dissipation in LED ch

Porvair Plc, which specialises in filtration and environmental technology, has acquired Pell Industries, a manufacturer of products for the powder metal in

The US Navy has awarded a US$2.1 million contract to Alcoa to develop advanced welding techniques designed to reduce manufacturing costs on aluminium inten

China Daye Non-Ferrous Metals Mining Ltd has received approval from shareholders at an extraordinary general meeting to acquire Daye Nonferrous Metals Co.

Analyst Frost & Sullivan warns of slower revenue growth in the South African welding solutions market, as the positive effect of large infrastructure proje

BorgWarner is shutting its Luke Road metal powder facility in Cortland, NY, USA, laying off 158 employees over the next 12-18 months.

Materion Corporation of Mayfield Heights, OH, USA, has acquired Aerospace Metal Composites Ltd (AMC) of Farnborough, England, for an undisclosed sum.

OM Group saw its net income fall 54.5% to US$37.9 million following the acquisition of VAC Holding in August and a tough fourth quarter.

Kennametal Inc has completed the acquisition of Deloro Stellite Group from private equity firm Duke Street.

The full programme for Euro PM2012 in Basel, Switzerland, on 16-19 September 2012, has now been finalised.

As part of preparing for a merger later this year, Namasco and Macsteel will start to operate under the new brand Kloeckner Metals, creating the third larg

Carpenter Technology Corporation has completed the acquisition of Latrobe Specialty Metals Inc following approval by the US Federal Trade Commission (FTC).

OE supplier Federal-Mogul has recorded a net loss of US$90 million in 2011, compared to a net income of US$161m in 2010, as the company saw impairment char

GKN's Powder Metallurgy division saw sales reach £845 million in 2011, up 11% on the year before, as total group sales rose 13% to £6.1 billion.

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