MYSTEEL: China's NPI imports to surge in August on pent-up cargoes release

A wave of backlogged nickel pig iron (NPI) shipments is set to hit the Chinese market this month. The country's total imports of the ferroalloy are expected to surge to around 800,000 tonnes, marking a sharp on-month rebound, Mysteel Global notes.

Earlier this month Indonesia resumed exports of mineral products that may contain rare earth elements, a trade that had previously been banned. The government clarified that the export restrictions apply only to rare earths as a primary product, not to associated elements found in nickel derivatives, according to local