China-based CNMC nickel’s output up by 21.8pc
China Nonferrous Mining’s (CNMC Nickel) cumulative metallic nickel output in January and February was 4,400mt, an increase by 21.8pc from a year ago, according to the China Special Steel Enterprises Association.
CNMC’s sales of metallic nickel were 3,240mt in the period, which was 73.6pc of the total production, with 100pc recovery rare. The company’s nickel mine is at Dagongshan in Myanmar. The Dagongshan mine has 700,000mt of nickel and an annual output of 85,000mt.
Shandong Steel produces 13.79mn mt steel in 2019
Shandong Iron and Steel company produced 13.79mn mt of steel in 2019, an increase of 33.7pc from the previous year. Output of iron was 12.13mn mt and output of steel products was 13.51mn mt, up by 33.2pc and 35pc, respectively, from a year ago. According to the China Metallurgical News, the company’s income was CNY71.09bn and the net profit attributable to shareholders was CNY597mn.