The Queensland government has granted Queensland Pacific Metals an A$8-million grant to advance its Townsville Energy Chemicals Hub (TECH) project towards investment readiness.

Australia’s IGO Ltd said on Tuesday it would record a non-cash impairment charge against its nickel exploration assets for fiscal 2024, though the move will not impact the company’s operating profit for the year.

Market Prices of Important Means of Production in Circulation, July 1-10, 2024.

According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.

Shipment for oil products, steel, auto parts, precision machinery and home appliances expanded in double figures.

This year, finished steel production is expected to hit 30 million tons, reflecting a 7 percent rise from 2023, said the association.

In June, Sukha Balka commissioned two new blocks of iron ore at both mines of the enterprise. Combined reserves amount to 157 thousand tons.

China's steel industry, which is under pressure to decarbonize as it is the biggest steel producer in the world