Macquarie said that the cost of producing low-grade nickel pig iron (NPI) in China will be the key to determining nickel prices. Nickel prices on the London Metal Exchange (LME) are down 45% in 2023 and are under further pressure.

Global molybdenum production and use rises in 2023

They made their comments during a news conference held by the State Council Information Office on Thursday.

The output accounted for 59.1 percent of the province's power load at that time, said the company.

The proportion of nonfossil energy in the total energy consumption is expected to rise to around 18.9 percent, it said in a guideline on energy work in 2024.

He said the orderly promotion of clean and efficient utilization of coal has seen significant progress.

?Ordos in North China's Inner Mongolia autonomous region, served as China's Earth Hour host city which falls on Saturday.

The battery unit of Tsingshan Holding Group Co., the world’s top nickel producer, plans to build a plant in Indonesia, the latest in a series of Chinese investments that will help the Southeast Asian nation step up from commodities production to more lucrativ...