The Geological Agency under the Indonesian Ministry of Energy and Mineral Resources has announced that there are at least 100 additional sites in the country with the potential to contain nickel reserves that remain unexplored.

The total trading volume of 2409 contract on the exchange was 224551 lots, with a turnover of about 7875.5633 million yuan.

The Indonesian Nickel Miners Association (APNI) has announced potential investment interest from Australian mining giant BHP in Indonesia’s nickel industry.

$5 million investment in Vanadium project

Steel giant Hoa Phat Group on July 29 signed a contract to supply 2,000 20DC containers to Hapag-Lloyd.

Weekly LME scrap futures trading volumes in the week to Aug. 1 fell slightly to 242,150 mt, down from 352,220 mt recorded in the week to July 25.

As of August 1, 2024, the total inventory of chrome ore in Port of Tianjin is 1.8685 million tons, decreased 270 thousand tons than last week.

Recently, the market price of calcium metal is weak.