Australian Vanadium Ltd's (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) speaks to Proactive's Andrew Scott after signing a non-binding Memorandum of Understanding with US Vanadium LLC in relation to offtake from the Australian Vanadium Project in Western Australia.

The 2101 ferrosilicon contract price on ZCE closed at 6682 yuan per ton on December 7.

China's steel industry should adhere to the dual-circulation development pattern and accelerate the establishment of a stable and efficient supply system for raw materials, industry experts said.

The joint research center has already delivered great insights into the outlook of Rio Tinto's largest market.

The steel does not have to be painted, which saves maintenance costs.

China's steel sector registered output expansion in the first 10 months of this year, industrial data showed.

US coking coal prices strengthened further early last week, buoyed by supply tightness across segments and strong demand from Chinese mills for low-volatile coals stretching into March next year.

"Not a good sign, but at least the worst is over and we're heading for a recovery."