Spot electricity prices in the day-ahead market at the Indian Energy Exchange (IEX) fell by 8%.

AISI: US Raw Steel Production in the week ending on February 10, 2024.

JSW Steel, India's leading private sector steelmaker, has announced its plan to set up a new steel manufacturing complex with an annual capacity of 13.2 million tonnes in Paradip, Odisha.

JSW announced on Tuesday that they will invest 55 billion rupees (approximately 663 million dollars) in a significant joint venture for the production of grain-oriented silicon steel.

Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry.

The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday.

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

The French government plans to offer fresh subsidies and loans for a New Caledonia nickel plant co-owned by commodities group Glencore but won’t go any further than that, Finance Minister Bruno Le Maire said on Tuesday.