“We have already had initial discussions with the major incumbent steelmakers in the US,” Chathu Gamage, principal at RMI said.

Such certification would help because the ferro-alloys industry is quite energy-intensive and is a key target for state-driven green development plans.

The 2311 ferrosilicon contract price on ZCE closed at 7500 yuan per ton on September 26.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Recently, South Korea’s LG Chem Ltd has entered a partnership with China’s Huayou Group’s subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio.

The 2311 ferrosilicon contract price on ZCE closed at 7484 yuan per ton on September 25.

AUSTRALIAN VANADIUM AND TECHNOLOGY METALS AUSTRALIA AGREE A$217 MILLION MERGER