China's coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the outbreak of novel coronavirus.

The novel coronavirus epidemic will boost the expansion of the 5G network in the country, as the central authorities recently called for accelerated construction of the 5G network.

China-backed JV set to start work at Simandou

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

The deal should complete on Monday.

China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administration (NEA) said Wednesday.

[Ferro-Alloys.com] Chinese domestic coal prices for higher grades of coals have been holding firm for eight weeks, but prices for weaker grades of coals have retreated, effectively erasing the increase in prices seen in mid-February.

[Ferro-Alloys.com] Shanghai steel futures closed higher on Thursday, boosted by hopes of more stimulus by China to support its economy impacted by the coronavirus outbreak, although gains were capped on caution over the country’s record-high inventories.