The Switzerland-headquartered mining company Glencore will supply up to about 30,000 tonnes of cobalt hydroxide in pure metal to South Korea’s SK Innovation over 2020-2025 to meet the latter’s need to produce more electric vehicle (EV) batteries amid the anticipation on the prosperity in the global EV market, Mysteel Global notes from the company releases.
Earlier than usual, China’s Ministry of Finance (MOF) disclosed on November 27 to grant China's local authorities a total of Yuan 1 trillion ($142.4 billion) quota for the issuance of government bonds for specific uses, which is part of efforts to stabilize the national economy in 2020, clarifying that this is just “part of the whole parcel”.
China’s Ministry of Ecology and Environment (MEE) released two notices on its website on November 12 regarding winter restrictions in the Fenwei Plains and the Yangtze River Delta area over October 1-March 31 2020, with steel, coal and coke industries mentioned, though the focus has been on PM2.5 reduction and waste emission than any detailed and specific instructions in tackling coking, blast furnaces, and sintering.
After a six-year hiatus, China’s National Development and Reform Committee (NDRC), the country’s top economic planning body, has released its latest industrial restructuring guidelines, effective on January 1 2020, to direct the development of all the key 48 economic sectors including new energy, coal, steel, nonferrous metals and mining. The version, posted on the Committee’s
Changzhou city in East China’s Jiangsu province is among the latest to join Beijing’s drive to improve air quality, with the city explicitly instructing 48 local steel mills to continue to cut their daily steel output beginning July 25 and lasting possibly until year’s end, an official from Changzhou City Environmental Protection Bureau confirmed on July 30.