The 2101 ferrosilicon contract price on ZCE closed at 5760 yuan per ton on October 26.

The company has produced premium iron-vanadium concentrate at its Yarrabubba Iron-Vanadium Project and has signed a non-binding LOIwith Sinosteel Australia for life of mine offtake as well as an EPC contract.

The restart has been achieved in just six months following intensive work to prepare the site for their return to steelmaking operations after the previous owner fell into administration.

China's iron and steel industry has made significant green efforts to prevent carbon emissions and protect the environment during the 13th Five-Year Plan (2016-20) period.

China's raw coal output declined 0.1 percent year-on-year to 2.79 billion tonnes in the first nine months of 2020, official data showed.

In the Pavlodar region, together with an investor from India, they plan to build a new plant.

The ferrosilicon will be mainly exported, the Interfax news agency reported the ministry as saying.

India¡¯s Monnet Group intends to build a ferrosilicon smelter in the Pavlodar region of Kazakhstan for an outlay of $250 M (€211 M).