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Australia-based diversified metals producer South32 has agreed to sell its Illawarra metallurgical coal operations in New South Wales state to an entity owned by Singapore-based Golden Energy and Resources (Gear) and Australia's M Resources for $1.65bn.

Liberty plans to build an electric arc furnace (EAF) at Whyalla.

Serra da Serpentina has an estimated resource of 4.3bn t. Minas Rio's pellet feed ore production was 24mn t in 2023, up by 12pc from a year earlier.

Swedish iron ore producer LKAB reopened its disrupted railway line to traffic late yesterday at reduced speed and reduced load, a company source said.

The weekly fob Turkey assessment for mesh-quality wire rod fell by $5/t to $605/t.

Copper and zinc miner Teck Resources is considering building a lithium-ion battery recycling facility in British Columbia, CEO Jonathan Price said on Tuesday.

Liberty believes the company is conflicted and should not be able to vote, according to sources.

Japan's economy managed to avoid a recession in last year's final quarter, supported by increased spending on facilities and equipment by the country's private-sector firms.