Chinese President Xi Jinping held talks with his Indonesian counterpart Joko Widodo Thursday and they pledged to strengthen the comprehensive strategic partnership between the two countries.

On Mar.24th, all ferroalloys enterprises in Wulanchabu areas of Inner Mongolia, China was notified to shut down for 7 to 10days regardless of the environmental conditions.

In Feb.2nd, the ferronickel production of Fujian Dingxin Industrial Co., Ltd. achieved new high record and the total capacity of crude FeNi breakthrough 1million tons.

Reuters reported that Nickel Asia Corporation, the Philippines' biggest nickel miner by output and sales, is looking to ramp up ore exports this year after record sales in 2014 as market expectations of a global supply shortfall persist.

Antam’s unaudited sales plunged 16% in 2014 to IDR 9.46 trillion (USD 741.67 million) compared to the IDR 11.29 trillion generated in 2013.

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.