The two sides will develop economic feasibility studies on usage of products with lower carbon footprints in the iron-making process, Vale said.

China raw iron ore output in September up 9.6% YoY.

China crude steel output in September down 21.2% YoY.

China ferroalloys output in September down 25.5% YoY.

China coke output in September down 9.6% YoY.

The 2201 silicomanganese contract price on ZCE closed at 11186 yuan per ton on October 21.

In September 2021, China imported 2,209,700 tons of manganese ores

The 2201 ferrosilicon contract price on ZCE closed at 14950 yuan per ton on October 20.