In a nutshell: . BOLIDEN (RS) - Acquisition of Neves-Corvo and Zinkgruvan . CHINA INFLATION - November CPI (+0.2% y/y) missed while PPI (-2.5% y/y) better than expected . AUTO CONTRACTS - EU annual contracts likely to settle EUR 50-100/t lower . STEEL EU - Steelmakers implement defensive price hikes for long products . US SCRAP - Scrap prices down in early December trading Daily Prices as of December 6th / PRICE MOVERS . MACRO/COMMODITY WRAP: China''s CPI (+0.2% y/y) hit a five-month low in November and PPI deflation (-2.5% y/y) persisted, suggesting limited impact from the latest round of stimulus. The market focuses on China''s Central Economic Work Conference (CEWC) meeting this week for clues of policy direction. Base metals trading mixed on the SHFE; nickel +1.4%, copper +0.3%, zinc unch. aluminium -0.4%. Iron ore futures edged up on the DCE (+1.6%) and SGX (+0.8%) amid hopes of further stimulus from China. Gold (USD 2,645/oz) gained on Monday with support from China''s central bank resuming gold purchases, while investors awaited US inflation data later this week. . Macro data this week: China trade data tomorrow with Exports (cons. +9.3% y/y) and Import (cons. +0.4% y/y). China credit data due from Wednesday with Aggregate financing (cons. 2.9tn yuan); US CPI also on Wednesday (cons. +2.7% y/y); ECB policy rate decision on Thursday (cons. 25bp cut). Eurozone industrial production (cons. -0.1% m/m) on Friday. / . AUTO CONTRACTS - EU annual contracts likely to settle EUR 50-100/t lower: According to industry sources, the range at which 2025 contracts should settle at has narrowed in recent weeks. Weeks ago, Argus reported that automakers initially pushed for EUR 200/t decline in annual contract negotiations for next year, mirroring the moves seen in the spot market. It now seems OEMs are targeting discounts of EUR 100/t while mills are offering YoY reductions of EUR 50/t. Voestalpine CEO recently dismissed the idea of triple digit...