Germany accounted for 70% of all carbon neutralization projects across Europe, while Germany was also the leading funder of green steel projects.

The total trading volume of 2405 contract on the exchange was 88463 lots, with a turnover of about 2895.1382 million yuan.

Macquarie said that the cost of producing low-grade nickel pig iron (NPI) in China will be the key to determining nickel prices. Nickel prices on the London Metal Exchange (LME) are down 45% in 2023 and are under further pressure.

Australian iron-ore miner Mount Gibson is on track to meet its 2024 guidance, having shipped 0.7-million wet metric tonnes of high-grade iron-ore fines from Koolan Island in the March quarter.

JSW Steel achieved a record output of 26.43 million tonnes of crude steel in the fiscal year 2023-24, marking a 9% year-on-year growth.

Global molybdenum production and use rises in 2023

The total trading volume of 2405 contract on the exchange was 90081 lots, with a turnover of about 2933.4261 million yuan.

As supply chain disruptions continue to reverberate across industries, the spotlight is on Great Lakes ports as potential pillars of resilience and diversification in the shipping sector.