Vale, one of iron-ore’s biggest swing factors, may determine whether prices of the steelmaking ingredient break through to multiyear highs or retreat once again.

Iron-ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government's scrutiny of their compliance with stricter anti-pollution rules.

Neometals has signed a memorandum of understanding (MoU) with China’s Jiuxing Titanium Materials (Liaonging) over the Barrambie titanium-vanadium project in Western Australia.

Neometals has signed a memorandum of understanding (MoU) with China’s Jiuxing Titanium Materials (Liaonging) over the Barrambie titanium-vanadium project in Western Australia.

Fujian Juwei stainless steel pipe project environmental assessment plan is under approval

"These efforts would result in a big cut to emissions—which would be amplified by synchronization across markets," she said.

The issuing value of the bond is 500 million yuan ($76.5 million) with a term of five years. More than 70 percent of the money raised will be used for projects to reduce carbon emissions.

China's industrial output, an important economic indicator, rose 24.5 percent year-on-year in the first quarter of this year, as the country's industrial production rebounded steadily, according to the National Bureau of Statistics on Friday.