“The demand for that type of steel is going to far outpace the supply of that material,” he added.

The 2310 ferrosilicon contract price on ZCE closed at 6932 yuan per ton on August 14.

A scoping study into the Buena Vista iron-ore project, in Nevada, has estimated that the project could produce 1.6-million tonnes a year of concentrate over a mine life of 25 years.

With the setting of the steel tender in August, the downstream inquiry has become significantly active, market sentiment has been boosted, and the mentality of price-increasing was relatively strong.

These sites are projected to reduce CO2 emissions per metric ton of raw coal by over 20 percent compared to 2020 levels, and achieve net-zero emissions by 2030.

Brazilian mining giant Vale SA has vowed to step up investment in low-carbon solutions along the steel value chain in China, according to its top executive.

Major Rio Tinto on Friday announced that the Simandou Joint Venture (JV) partners had concluded key agreements with the Republic of Guinea and the Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou iron-ore project.

Largo Reports Second Quarter 2023 Financial Results