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.

Germany accounted for 70% of all carbon neutralization projects across Europe, while Germany was also the leading funder of green steel projects.

Macquarie said that the cost of producing low-grade nickel pig iron (NPI) in China will be the key to determining nickel prices. Nickel prices on the London Metal Exchange (LME) are down 45% in 2023 and are under further pressure.

Australian iron-ore miner Mount Gibson is on track to meet its 2024 guidance, having shipped 0.7-million wet metric tonnes of high-grade iron-ore fines from Koolan Island in the March quarter.

JSW Steel achieved a record output of 26.43 million tonnes of crude steel in the fiscal year 2023-24, marking a 9% year-on-year growth.

Global molybdenum production and use rises in 2023

As supply chain disruptions continue to reverberate across industries, the spotlight is on Great Lakes ports as potential pillars of resilience and diversification in the shipping sector.