Base metals reversed from Monday’s stronger close on LME trading, starting the week’s Asian trading mostly lower this Tuesday after yesterday’s Mid-Autumn break.

Russia exported 20,200 tonnes of nickel during the first seven months of 2014

Exports of Nova Era Silicon S/A Ferrosilicon Have New Partner

JSW Steel, India’s one of the largest steel producers, has increased imports significantly but overall purchases have declined by about 16% in August against July.

Mining companies will aggressively pursue increased output in the face of continuing weakness in the iron ore price, though with forecast demand not expected to keep pace with production, one analyst is warnings of a potential "disaster".

The Times of India reported that India would become the third largest steel maker, with an installed capacity exceeding 110 million tonnes per annum by 2015 when the ongoing expansion projects of SAIL and some private steel makers come on stream.

The base metal prices on the London Metal Exchange (LME) closed higher on Monday, with nickel prices climbing to a three-month high amid concern that ore shipments from the Philippines will drop.

Nickel prices climbed to their highest in seven weeks on Thursday as speculators returned to the market on worries that the Philippines could follow Indonesia in banning unprocessed ore exports.