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The Chinese magnesium market is widely expected to come under short-term downward pressure from ample supplies.

Japanese steel producers, mired in one of their biggest postwar crises, are likely to reveal their troubles have crept into the new fiscal year when they start reporting earnings this week.

HBIS Resources Co Ltd, a unit of China’s second-biggest steelmaker HBIS Group, said last Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda.

Exports of the province in the first six months totaled 110.27 billion yuan, up 1.7 percent year-on-year, while its imports surged 18 percent to 82.18 billion yuan during the same period.

Thyssenkrupp completed the sale of its elevator business for 17.2 billion euros (20.4 billion U.S. dollars).

The major markets supplying steel and iron to Vietnam in the period included China, Japan and South Korea, according to the Vietnam Steel Association on Thursday.

The sharp decline, said the Mongolian Customs General Administration, is largely due to the COVID-19 pandemic.

More than 100 officials in Gansu province were held accountable three years ago for illegal coal mining on the northern slope of the Qilian Mountains on the Gansu-Qinghai border.