SLN is part of a struggling New Caledonian nickel industry that the French government is trying to salvage with a proposed rescue package.

More Chinese nickel is expected to flow overseas after the London Metal Exchange banned new Russian supplies, according to Mysteel Global.

Eramet Sees Manganese Rally Amid South32's Absence -- OPI

Eramet: Adjusted turnover of €761m in Q1 2024

coal futures are telling: front month futures are pricing in at US$138 per tonne, whereas spot prices hover around US$130 per tonne

"The key to new quality productive forces lies in the profound transformation and upgrade of industries," Dai stressed.

Most of the capital goods monitored by China's statistical authorities registered higher prices in mid-April compared with early April, official data showed Wednesday.

According to Worldsteel Association data, European Union crude steel production decreased by 4.3% in March compared to the same month of the previous year, reaching 11.6 million tons.