Markets were generally buoyant on the back of relief that a potential Covid-19 vaccine has been found, but the metals also seem hesitant this morning, Tuesday October 11, about what this will mean to the markets given how much they have run up already since the March lows.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly lower this morning, Tuesday November 10, while prices consolidated after Monday’s double dose of positive news - that of Joe Biden winning the US presidential election and Pfizer announcing progress toward a potential Covid-19 vaccine.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Monday November 9, after markets reacted positively to Joe Biden winning the US presidential election and the resulting weaker dollar.

Imports of unwrought copper and copper products to China rose significantly in the first 10 months of this year, according to customs data released on Saturday November 7.

The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 6 as a result of tight material supply, sources have told Fastmarkets.

Fastmarkets has launched two new coefficients for the copper concentrates market, with data available from November 2 and an update published for the first time on Friday November 6.

Fastmarkets today, Friday November 6, launches its weekly Steel scrap shredded, index, import, cfr Port Qasim, Pakistan.

Chilean copper production was 0.8% lower year on year in September due to lower output from Escondida, the country’s copper commission, Cochilco, said on Tuesday November 3.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Tuesday November 3, after markets were encouraged by generally robust manufacturing purchasing managers’ index (PMI) data that came out on Monday.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday November 2, with the short-term outlook uncertain with much of Europe moving into tighter lockdowns, while China's new five-year plans look supportive, as does the economic data out of China and Japan this morning.