According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

The CEC in February forecast a year-on-year increase in electricity consumption of 6-7pc for 2021.

Producers in Meghalaya continue to deal with irregular power supply.

New Ferrosilicon and Ferrochrome Export Duty from 1st May 2021

ABB has signed a Memorandum of Understanding with Hitachi Construction Machinery to share their expertise and collaborate in creating solutions that will reduce the greenhouse gas (GHG) emissions associated with heavy machinery in the mining industry.

Diversified miner South32 has set year-to-date production records in both Brazil and Australia, and has increased its production guidance for two other operations.

Diversified miner South32 has set year-to-date production records in both Brazil and Australia, and has increased its production guidance for two other operations.