IN CASE YOU MISSED IT: 5 key stories from November 4

Here are five Fastmarkets MB stories you might have missed on Monday November 4 that are worth another look.

AM Investco, the consortium led by ArcelorMittal that was put together to purchase Italian steelmaker Ilva, is pulling out of the deal, ArcelorMittal said on November 4.

Shanghai-bonded copper stocks continued to fall in October, but the decline was slower than in September due to the relatively limited amount of metal available, wide arbitrage losses and fewer working days last month.

Tightness was beginning to show in the European market for ferro-silicon in the week ended Friday November 1, but prices in China held steady despite lower interest among potential buyers, and the US market remained flat.

The seaborne low-grade manganese ore price in China continued to drop in the week ended November 1, but buyers re-entered the market, which producers took as a signal the market may be approaching its bottom after weeks of heavy falls.

The UG2 chrome ore index slid again in China after poor demand prompted suppliers to lower their offers in the week to November 1, while falling ferro-chrome supply in Europe helped the regional high-carbon market edge up by 0.6%.

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The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.