Benchmark iron ore futures in China surged some 7% on Monday, tracking their biggest daily jump in two-and-a-half months, after India increased export duties on some commodities to rein in broadening inflationary pressures. Asia’s third-largest economy raised export duties for iron ore and steel intermediates, with new iron ores and concentrates tariffs increased to 50% .
China’s aluminium imports fell 37.7% in April from the same month a year earlier as overseas prices rose and domestic consumption weakened, government data showed. Imports of unwrought aluminium and products, including primary metal and unwrought, alloyed aluminium, stood at 175,289 tonnes last month, down from 281,139 tonnes in April 2021 and fell 11.1% from .
BEIJING/Hong Kong China’s CNGR Advanced Material Co Ltd will invest in three new projects in Indonesia to produce nickel matte, aiming to increase annual…
China’s crude steel output picked up in April, rising 5.1% from a month earlier as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The world’s biggest steel producer made 92.78 million tonnes of the metal last month, data from the National Bureau of Statistics (NBS) showed .
Chinese metallurgical coal futures fell more than 4% on Thursday, as poor downstream demand impaired market sentiment while the government’s recent pledge on tighter supervision on coal prices is expected to curb any significant gains. “Domestic coking coal production has been mostly normal, but producers’ confidence weakened,” Huatai Futures said in a note, adding that .