But demand for long steel products is set to remain subdued, given the poor demand outlook from the construction sector, Zuo added.

Canada Nickel (TSX-V: CNC) has kicked off front end engineering design (FEED) at its flagship Crawford nickel project in northern Ontario, which it expects to bring into production in 2027.

Established with a donation of $5.81 million from Vale, the joint laboratory will be open to all the researchers from the mining and steel industry from today, it said.

The CBAM puts a price on the carbon emitted during the production of carbon intensive goods entering the EU. It started trial operation in October last year, and will be implemented from 2026 onward.

Many companies in what are considered to be sunset industries have actually regained their vitality through innovation and transformation.

French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN’s mining operations in New Caledonia’s Northern Province.

The Construction of the US$1 billion investment project that is estimated to give an annual turnover of US$1.5 billion is 40 percent complete.

More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries' new Indonesian plant, CEO Justin Werner said on Tuesday, in the latest boost to Indonesia's nickel dominance.