The 2211 ferrosilicon contract price on ZCE closed at 8438 yuan per ton on November 4.

Although Brazilian miner Vale is focusing on cost control in response to the global economic slowdown, it also advances key projects.

Steelmaker Ternium, controlled by Italian-Argentine group Techint, saw its Q3 net income fall by more than 80% year-on-year to US$220mn.

As China's leading energy base, Shanxi Province is key to the country's energy security.

By 2025, the country will have about 50,000 hydrogen fuel-cell vehicles and its annual hydrogen production from renewable energy will reach 100,000 to 200,000 tons.

The province also saw a growth in the import of agricultural products, iron ore, mechanical and electronic products, and sawn timber.

The official said that the government will encourage central SOEs to conduct strategic cooperation in various ways.

Coal made up the bulk of that cargo — about 1.1 billion tons — up 17 percent year-on-year.