The 2306 ferrosilicon contract price on ZCE closed at 7284 yuan per ton on May 5.

The 2306 ferrosilicon contract price on ZCE closed at 7236 yuan per ton on May 4.

The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.

Critical metals explorer Leeuwin Metals (ASX:LM1) has proposed a maiden diamond drilling program to begin this quarter within the W56 target area at the William Lake Nickel Project in Manitoba, Canada.

Mining exploration company Wyloo Metals has extended the offer period for its on-market takeover bid for all of nickel producer Mincor Resources' shares.

Shanxi's raw coal output accounted for about 29 percent of the country's total in the first quarter.

All these factors will support a surge in steel consumption in the third and fourth quarters of this year, the VSA added.

Thanks to the digitization of the coal industry, miners no longer need to enter the deep mineshafts via walking or riding an outdated small train.