The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.

Markets were generally buoyant this morning, Thursday November 26, with more certainty on the horizon than of late, helped by US president-elect Joe Biden’s transition to the White House and with a rollout of the vaccines now insight, if things go according to plan.

Iskenderun Demir Celik (Isdemir), a subsidiary of Turkey’s biggest steel producing group Erdemir Group, has started planned maintenance at its blast furnace no 2.

Europe could produce enough battery cells to meet the needs of its captive electric vehicle (EV) industry and could even be in a position to export batteries by 2025, according to the vice-president of the European Commission.

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday November 25, as were those on the Shanghai Futures Exchange, but overall they seem to be consolidating in high ground, with copper having set a fresh high for the year at $7,360 per tonne earlier this morning.

Talga Resources has signed a Memorandum of Understanding (MoU) with global technology leader ABB to support the development and construction of Talga’s Vittangi anode project in northern Sweden.

The Lumber Weekly Price Changes table in the Random Lengths Lumber Market Report transmitted by email and uploaded to the RISI portal dated Tuesday November 24, 2020, file LBR_48_2020.pdf was not updated from the previous week. The LBR_48_2020.pdf has been revised as of 11/25/2020, and is being retransmitted to all Lumber Market Report PDF subscribers. […]

Hot-rolled coil prices in the United States have risen to their highest in almost exactly two years after more buyers perceived that a true steel shortage is intensifying for the end of 2020 and the beginning of the first quarter of 2021.

European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of the European flat steel market, sources told Fastmarkets.

The three-month copper price on the London Metal Exchange rose to a peak not seen since June 2018 this morning, Tuesday November 24, pulling the rest of the complex higher after a day of correction on Monday.