"It's important we actually continue that good trading relationship that's been mutually beneficial for both countries," he said.

In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China and South Africa continue to drive the chromium market.

Anglo American's South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.

Vale Base Metals is set to open a new open pit mine at the historic Stobie mine site in Sudbury, Ontario. This project is expected to cost C$205 million ($149m) over the next four years.

During INNOPROM-2024, agreements were signed for the construction of new facilities for the recycling of electrical and electronic equipment waste and metal recycling in the Rostov Region with a total investment of 8 billion rubles.

The Economic Survey for 2023-24 underscores the pivotal role of green steel in the future of the industry as the global economy shifts towards reducing carbon emissions.

Jindal Stainless has urged the government to remove import duties on ferro-nickel and molybdenum in the upcoming budget to ensure industry access to these key raw materials at competitive prices.

Indonesia launched on Monday an online system to track movements of nickel and tin from mines to domestic processing facilities to improve accountability and government revenue, authorities said.