Vale (NYSE: VALE) expects to start building “mega hubs” to make low-carbon iron ore products for the steel industry in the next six months to a year, the Brazilian miner said on Thursday.

Flying Nickel Mining has signed a binding letter of intent with Norway House Cree Nation (NHCN) to offload its Minago Nickel project as well as related assets and undertakings in Manitoba, Canada.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.4 million tonnes (Mt) in June 2024, a 0.5% increase compared to June 2023.

As of July 15, the cumulative trading volume of carbon allowances in the national carbon market reached 465 million tons.

"It's important we actually continue that good trading relationship that's been mutually beneficial for both countries," he said.

Staff are predominantly engaged in data monitoring, enabling the workshop to function seamlessly, even in the dark.

In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China and South Africa continue to drive the chromium market.

Anglo American's South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.