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

Here are five Fastmarkets MB stories you might have missed on Thursday December 5 that are worth another look.

Chinese stainless steel prices in both the domestic and export markets fell over the past week amid bearish sentiment stemming from the high inventories held at a major mill in eastern China.

More of the world’s copper looks likely to be priced in China from next year, with the Shanghai International Energy Exchange (INE) set to launch a new contract tradable by international market participants.

Elysis, the Alcoa-Rio Tinto joint-venture, has produced its first batch of carbon-free aluminium, which will be shipped to co-investor Apple this month, Apple told Fastmarkets on December 5.

Glencore has cut its production guidance for cobalt in 2020 to 25,000-33,000 tonnes, down by about a third from 2019’s 41,000-45,000 tonnes, the Swiss miner-trader said this week.

The price of alumina in China fell to its lowest since May 2017 this week amid an abundance of material coming in from the seaborne market despite an already oversupplied domestic market.

What to read next
Brazilian aluminium supply coming from Companhia Brasileira de Alumínio (CBA) is said to have tightened, helping to boost the P1020A ingot premium, market participants told Fastmarkets in the two weeks to Wednesday April 24
In anticipation of a tight market, copper concentrate traders have locked in 2025 volumes at notably low treatment charges, with deals being placed well below the long-term industry benchmarks
This move aligns with global demands for sustainability in the mining sector and sets Nexa on a path toward achieving net zero emissions by 2050
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
Brazil's aluminium industry is further enhancing its sustainability by boosting renewable energy use and recycling, while mitigating risk from high-carbon imports