Prices have surged this year mainly because of a global power crisis, which added further pressure on current supply constraints for ferroalloys.

The 2205 ferrosilicon contract price on ZCE closed at 8488 yuan per ton on December 31.

Commodities 2022: China's met coal prices seen bearish, demand to dip on year - sources

Silicomanganese futures close at 8288 on December 30, a decrease of 1.82%

The world's largest shipbuilder is seeking to better serve the nation's major strategies, official sources said.

The new company is headquartered in eastern Jiangxi province's Ganzhou, a city known as a major rare earth production hub.

Aluminum Corp of China or Chinalco,China Minmetals Corp, and the local government of Ganzhou in East China's Jiangxi province have transferred some of their rare earth assets to create a new company called "China Rare Earth Group Co Ltd".

In addition to Shuozhou, Shanxi has fostered the solid waste recycling industry in the cities of Jincheng and Changzhi.