“The impact is all good” because it avoids the severe and painful cost of disruptions in the supply chain, Bello said.

Transportation of ferrous metals for the month amounted to 494 thousand tons

The total trading volume of 2501 contract on the exchange was 102387 lots, with a turnover of about 3414.4584 million yuan.

Analysts from Ferroalloy.com believed that the expected peak season in October was still in place, and the post-holiday market was still worth looking forward to.

Global molybdenum production rises while use falls in Q2 2024

Canada Nickel Company (TSXV: CNC) has received Canadian government backing for C$4.38 million in funding to support the development of the company’s Crawford nickel sulphide project in Ontario.

The global nickel market is poised for a larger surplus next year, driven by continued production expansion in Indonesia, Japan’s largest nickel smelter Sumitomo Metal Mining said on Wednesday.

The Steel Authority of India Limited (SAIL), the largest government-owned steel producer in India, and resources company BHP, are collaborating to support steelmaking decarbonisation.