IN CASE YOU MISSED IT: 5 key stories from December 13

Here are five Fastmarkets MB stories you might have missed on Friday December 13 that are worth another look.

The digitization of the iron ore market took another step forward this week with trader Cargill completing its first e-contract transaction for iron ore with a Chinese steelmaker, Ningbo Iron & Steel.

Chinese copper smelter Jiangxi Copper and Zambian blister copper producer Chambishi (CCS) have signed a 2020 supply contract at a refining charge of $128 per tonne cif China, Fastmarkets learned.

China’s domestic lithium carbonate price weakened in the week to Thursday December 12, while the rest of the world’s battery-grade lithium prices held steady due to thin buying activities on the spot market.

South Africa’s largest ferro-chrome producer Samancor Chrome will cut back both mine and smelter operations in response to “persistent depressed prices” and electricity supply constraints, it announced on Friday December 6.

Cobalt buyers returned to the market this week, but prices fell further towards $15 per lb while sellers sought to offload stock ahead of the end of the year.

What to read next
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.