Chinese coking coal and coke futures surged on Tuesday, fuelled by concerns of tight supply amid Beijing's toughening emissions standards, although demand for the steelmaking ingredients remained tepid as mills cut production.
Fortescue Metals Group Ltd reported its highest ever annual profit and dividend on Monday due to sky-high iron ore prices but senior management received a surprise cut to bonus payments.
Chinese steel futures declined on Monday, with rebar leading the declines after falling to a more than 10-day low, as slower-than-expected growth in industrial output and cooling construction activities in the country weighed on prices.
A Chinese-backed consortium building infrastructure for a massive iron ore mine in Guinea started blasting a railway tunnel in a habitat for a critically endangered chimpanzee species with no plan in place to manage the impact on the animals, company and government statements.