Iron ore price extends gains on China stimulus hopes
A highly anticipated third plenum that started from Monday will outline efforts to promote advanced manufacturing.
China has set its first batch of 2024’s mining quota for tungsten concentrate at 62,000 metric tons, the Ministry of Natural Resources said on Tuesday.
That represents a fall 1.6% from 63,000 tons of the first batch of such quota in 2023, which was issued last April.
China issued a total of 111,000 tons of mining quotas for tungsten concentrate in 2023, a year-on-year rise of 1.8%.
The tungsten quota came after Beijing set early in February its first batch of rare earths mining quota for the year at 135,000 tons, 12.5% higher than a year earlier.
(By Amy Lv and Andrew Hayley; Editing by Muralikumar Anantharaman and Christian Schmollinger)
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