Indonesia will allow mining production plans to stay valid for three years with immediate effect, according to rules made public on Thursday, as it looks to beef up efficiency in quota approvals.

The global nickel market had a surplus of 28,600 metric tons in July, compared with a surplus of 15,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Thursday.

The 2311 ferrosilicon contract price on ZCE closed at 7552 yuan per ton on September 21.

In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations between Ukraine and Russia, we observed a continued firm momentum of freight rates.

China exports 1748.704 tons of calcium metal in August 2023.

China exports 15240.471 tons of calcium metal from January to August.

Chavez said that between 2021 and 2022 exports of steel products from Turkey to Peru reached 927,000 mt.

The Philippines’ two biggest nickel producers are planning to invest about $1-billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop the Southeast Asian nation’s downstream mineral industry.