On Jan.29th, the Baltic Dry Index (BDI) declined by 5% to 632point, recording the new low since 1986. In addition to the excess capacity, unstable demand and the dropping fuel costs, the shrinking demand of China was considered to be the main driving force.

According to the report of Jien Nickel, the company would loss RMB350-500million in 2014. In 2013, Jien Nickel gained RMB98.54million and the adjusted net profit was RMB80.51million.

Freeport-McMoRan (NYSE:FCX), the U.S. largest miner by market value and revenue, has slashed its capital budget for the year, while seeks funding for its natural oil and gas projects as the miner tries to protect itself from plunging commodity prices.

Fujian Lian De Enterprise Co., Ltd located in Fujian province of China, which was invested by Yieh United Steel and engaged in high ferronickel production. The fist phase of the project had four sets of 36000KVA (RKEF) and the first furnace put into operation ...

Jiangsu Hongfeng New Material Technology Co., Ltd. locating at Jiangsu province, which owned 4 sets of 33000kva（RKFE）with monthly production of high FeNi of 5000tons

It was ackonwledged that Jiang Su DeLong Co.，Ltd of China planned to build an nickel smelter with annual output of 3million tons in Konawe Industrial Zone of Southeast Sulawesi, Indochinese.

Jiang Su Xinhuang Group, located at Chang'an Avenue, No. 76, Xuzhou Economic Development Zone, Xuzhou City, Jiangsu Province, majoring in imports of Indonesian FeNi.

Recently, the first Rotary Kiln of the FeNi project invested by Fujian Lian De Enterprise Co., LTD. was put into operation. Total investment of the projest was USD340million, which could produce 300thousand tons FeNi.