China’s iron ore imports fell 4.2% month-on-month in October for 2 consecutive months

China’s iron ore imports fell 4.2% month-on-month in October for 2 consecutive months

The Chinese customs office announced on the 7th that iron ore imports in October fell 4.2% month-on-month to 9.161 million tons, the second consecutive month of decline. Demand for iron ore was sluggish due to restraint of steel production. It decreased by 14.2% from the same period of the previous year. The background is the…

Information BOX: New coronavirus, more than 244.58 million infected worldwide, 5.19 million dead

Information BOX: New coronavirus, more than 244.58 million infected worldwide, 5.19 million dead

According to Reuters, the number of people infected with the new coronavirus has exceeded 244.58 million worldwide, and the death toll has reached 5,194,820. Since the first case was confirmed in China in December 2019, infections have been reported in more than 210 countries / regions. The following are 50 countries with many cases reported…

Australian Pilbara and POSCO Korea joint venture agreement, lithium production in South Korea

Australian Pilbara and POSCO Korea joint venture agreement, lithium production in South Korea

Australia’s lithium mine Pilbara Minerals announced on the 26th that it has agreed with South Korean steel giant POSCO to establish a joint venture in South Korea to process lithium hydroxide. Pilbara’s share price surged over 9%. The total project cost of the new production facility is expected to be up to $ 750 million. With the…

The Nikkei average in the morning rebounded sharply, favoring the rise in US stocks and rising 500 yen

The Nikkei average in the morning rebounded sharply, favoring the rise in US stocks and rising 500 yen

In the Tokyo stock market on the morning of the 26th, the Nikkei average rebounded sharply to 29,100.57 yen, up 500.16 yen from the previous business day. It recovered 29,000 yen in a way that favored the rise in US stocks. Even after it started high in the morning, it continued to move steadily in the high…