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  Increased maintenance of blast furnaces led to a slight decline in pig iron production

  According to the SMM survey, as of May 14, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.63%, down 0.33 percentage point WoW. The capacity utilisation rate of blast furnaces was 90.45%, down 0.65 percentage point WoW. The daily average pig iron production of the sampled steel mills was 2.4403 million mt, down 17,600 mt WoW.

• Significant Discovery Made in Drilling at Tamarack Copper-Nickel Mine in the US

• Rio Tinto's Simandou iron ore mine in Guinea commenced ore production in November

• Impact of China’s market-oriented reform on the energy storage sector

  On February 9, China’s National Development and Reform Commission (NDRC) and National Energy Agency (NEA) jointly published the Notice on Deepening Market-Based Reform of Renewable Energy On-Grid Tariffs to Promote High-Quality Renewable Energy Development.

• China remains Peru's largest copper exporter

  [China Remains Peru's Largest Copper Exporter] According to a report on the BNAmericas website, driven by the mining sector, Peru's exports rebounded in Q1. Data from the Ministry of Foreign Trade and Tourism of Peru showed that copper, gold, and zinc were the main factors contributing to the growth in mineral exports. In February, affected by shrinking demand, Peru's copper exports decreased by 0.4% YoY. However, in March, Peru's copper export value reached $2.58 billion, up 24.7%; in Q1, the cumulative copper export value was $6.62 billion, up 23%. (Webstock Inc.)