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  Rebar Inventories Down 687,000 mt on Week

  The inventories of rebar across Chinese steelmakers and social warehouses stood at 6.15 million mt as of December 2, down 687,000 mt or 10.0% from a week earlier, compared to a drop of 5.9% in the previous week. Stocks are down 252,400 mt or 3.9% from a year earlier, compared to a gain of 5.3% in the previous week.

• COVID Variant in South Africa May Disrupt Manganese Ore Supply

  South Africa's lockdown has affected the global supply of manganese ore, as the Omicron variant was first detected in the country. South Africa has a variety of mineral resources, which will inevitably affect the mining activities. Cobalt, as the most affected resource, rose sharply yesterday.

• Aluminium Billet Inventories Down 7,200 mt on Week

  The stocks of aluminium billet in five major consumption areas dropped 7,200 mt to 71,700 mt on December 2 from a week ago, a decrease of 9.14%. And the inventory has been falling for seven straight weeks.

• Aluminium Social Inventories Dropped 15,000 mt on Week

  SHANGHAI, Dec 2 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 15,000 mt on the week to 1 million mt as of December 2.

• What Drove the Surge in Molybdenum Concentrate Prices?

  According to SMM statistics, the domestic molybdenum market has picked up with molybdenum concentrate prices leading the price gains.