[Ferro-Alloys.com]The Chinese miner that is paying $1.5bn for a group of Anglo American mines is on the hunt for more deals, believing the time is right to pluck prime assets from struggling western rivals.

Nickel miner Western Areas on Tuesday increased the cap of its planned share purchase plan (SPP) from A$10-million to A$15-million after applications for the SPP exceeded A$20-million.

[www.ferro-alloys.com] Feng Hsin Iron & Steel Co, one of the major electric furnace mills in Taiwan, has announced to rise its rebar and scrap purchasing prices by NT$500/ton and NT$300/ton in this week.

[www.ferro-alloys.com] Hebei Iron and Steel Group has announced its wire rod guidance prices for early May 2016, the wire rod prices increased slightly, based on mid-April list.

[www.ferro-alloys.com] China’s steelmaker Jiangsu Shagang Group has announced its price list in the domestic market for early May. The company decided to hike its prices for rebar are at RMB30/ton. Those for wire rod prices up by RMB250-300/ton.

[Ferro-Alloys.com]In April, the cored wires market performance has been inspiring since the global steel consumption has been up in March.

[Ferro-Alloys.com]Moly Mines Limited (ASX:MOL) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending March 31, 2016.

[Ferro-Alloys.com]Anglo American Plc, the London-based mining giant, agreed to sell its niobium and phosphate businesses to China Molybdenum Co. for $1.5 billion in cash in its first big disposal since outlining its dramatic turnaround plan in February.