Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.

Deshnee Naidoo has been appointed as director, finance & business development, base metals, at Brazilian miner Vale, Fastmarkets understands.

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.

Hot-rolled coil prices in the United States have surged on confirmed buying activity and incredibly thin spot availability, prompting at least one electric-arc furnace (EAF) coil producer to quietly communicate a base price increase to customers, Fastmarkets has learned.

Commodities trader Trafigura and local government body Entreprise Générale du Cobalt (EGC) have penned an offtake agreement specifically for the supply of artisanal cobalt in a deal designed to concurrently formalize the sector.

China's expected recovery in air travel after the Covid-19 pandemic is expected to result in 8,600 new airplane purchases over the next 20 years, according to US manufacturer Boeing.

The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar.

Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world’s biggest centers for metals business that has already started to happen.