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Nickel: global production to increase by 6.8% in 2021
Global nickel mine production is expected to grow by 6.8% to reach 2,427.4kt in 2021, after declining an estimated 4.2% to 2,272kt last year due to blockages and covid-related restrictions. Indonesia (+16.3%), the Philippines (+5.1%) and Brazil (+24%) will contribute...
Iron ore: Price falls below $100 a tonne
The price of iron ore sank below $100 a tonne on Friday for the first time since July 2020, as China’s moves to clean up its heavily polluting industrial sector caused a rapid and sharp collapse. The Ministry of Ecology and Environment planned to involve 64 key...
XTC New Energy plans $1.6 billion investment in battery equipment
XTC New Energy Materials, a unit of Chinese rare earth and metals producer Xiamen Tungsten, on Thursday reported a $1.55 billion investment plan in a lithium battery materials project in Sichuan province. Demand for batteries is booming in the global automotive market...
Iron ore: 7% drop in China’s steel production data
The price of iron ore fell on Thursday after China reported a drop in the country’s steel production in August. Mining stocks also fell, with BHP Group down more than 6% on the previous week, Rio Tinto Group down 5.3% and Vale down 7%. China produced 83.24...