The 2306 ferrosilicon contract price on ZCE closed at 7048 yuan per ton on July 12.

“I’m not too worried, but you also can’t kid yourself for too long. The supply story is still there, but there are more and more demand questions emerging,” one trader in the region said.

Neometals Seals Deal with Glencore for Guaranteed Offtake of Vanadium Products

Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t.

In a development that underscores the growing global demand for critical minerals, mining giant Rio Tinto has set its sights on Quebec’s Eeyou Istchee James Bay region.

The 2306 ferrosilicon contract price on ZCE closed at 7028 yuan per ton on July 11.

China has announced it will peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

Notably, prices for industrial consumer products declined 2.7 percent in June after a 1.7 percent fall in May.