The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia.

Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals.

The total trading volume of 2403 contract on the exchange was 120759 lots, with a turnover of about 4078.4104 million yuan.

Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24.

Some importers also cleared around 5,000-6,000t that could not be cleared into the October quota, and added some extra tonnage.

US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises.

European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus.

China's infrastructure sector investment likely grew by 6-9pc in 2023, Chinese securities analysts have forecast.