The three-phase project will use natural gas as a reducing agent instead of coke and coal, Fastmarkets heard.

Shares of Glencore-backed Horizonte Minerals (AIM, TSX: HZM) plunged on Monday after the company announced it has failed to secure additional financing needed to complete the construction of its Araguaia nickel project in Brazil.

The total trading volume of 2405 contract on the exchange was 94480 lots, with a turnover of about 3087.5977 million yuan.

During the past 3 months of the year, ltaly continued to be Vietnam's largest iron and steel import market, with the Southeast Asian nation's export turnover approximating US$299 million, marking increases in volume and value over the same period.

Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia and barred the import of the metals into the US and Britain.

China produced 34.65 million tonnes of ferro-alloys in 2023, up by 1.4% from 34.17 tonnes in 2022, according to data from the country’s National Bureau of Statistics.

But demand for long steel products is set to remain subdued, given the poor demand outlook from the construction sector, Zuo added.

Since the end of March, the futures market has continued to rise, boosting industry confidence to a certain extent and showing signs of recovery in the spot market...