In the process of development, China adopts counter-cyclical macro-control measures－it boosts growth mainly by increasing infrastructure and real estate investment－which leads to surge in demand for bulk commodities. This naturally leads to speculation.

The State Administration for Market Regulation and two government authorities, warned on Tuesday that iron ore-related companies should not fabricate or publish any false price information and should not drive up prices.

Localities may provide assistance deemed proper to micro and small businesses and self-employed households renting non-State-owned property.

China’s fight with iron-ore 'guerrillas' triggers price rout

As of Feb. 9, the price of primary iron ore contracts had risen by 14.85 percent this year, according to China Securities Journal.

Coal still plays an important role in the country's energy supply and should not be denied completely, he added.

Coal producers also should step up efforts to ensure coal supplies, the meeting said.

Domestic Production and Use: In 2021, the underground Eagle Mine in Michigan produced approximately 18,000 tons of nickel in concentrate, which was exported to smelters in Canada and overseas. A company in Missouri recovered metals, including nickel, from mi...