China¡¯s journey toward carbon neutrality took its first major step Friday as the country announced goals to slow emissions in the next five years.

Some industry stakeholders have suggested that a special electricity tariff would be a ¡°better way¡± to support the embattled ferrochrome ore industry, rather than government¡¯s recently approved export tax on exported chrome.

Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying.

The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.

Australian iron ore exploration spending rose to A$395.5mn in 2020 from A$349.6mn in 2019 and A$300.9mn in 2018.

The firm is still investigating a high gas level incident that closed Moranbah North on 20 February.

The lack of availability in high vol A is expected to lend support to miners with high vol B volumes to offer.

Japan¡¯s largest steelmaker Nippon Steel said on 5 March that it would cut capacity by another 10% as domestic demand fell and competition from china intensified.