Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

Under multiple positive factors, ferrosilicon market is generally optimistic, wait-and-see, bullish mood is gradually strong.

Details of chrome ore from Tianjin port from February 21, 2021 to February 26, 2021.

The 2105 ferrosilicon contract price on ZCE closed at 7,762 yuan per ton on March 3.

In early 2014, China initiated a key strategy to coordinate the development of Beijing, Tianjin and Hebei -- a regional city cluster called "Jing-Jin-Ji" -- to create a model with a better economic structure, cleaner environment, and improved public services.

Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with what it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories.

The 2105 ferrosilicon contract price on ZCE closed at 7,692 yuan per ton on March 2.

The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.