On March 23, the 150,000-ton annual electrolytic copper project undertaken by the Second Company of China No.15 Metallurgical Construction Group Co., Ltd. for Jiangxi Copper Hongyuan Copper Industry Co., Ltd. successfully produced a cumulative total of 1,300 tons of high-purity cathode copper, with product purity reaching 99.997%, exceeding the design value of 99.9935%.

China's M2 Money Supply Up 7% YoY in January [SMM Steel Market Morning News]: According to data from the central bank, at January month-end, the balance of broad money (M2) was 318.52 trillion yuan, up 7% YoY. The balance of narrow money (M1) was 112.45 trillion yuan, up 0.4% YoY. The balance of currency in circulation (M0) was 14.23 trillion yuan, up 17.2% YoY. Net cash injection for the month was 1.41 trillion yuan.

The company MCC International Incorporation Ltd will join the development of the Kolmozerskoye lithium resources in the Kola Peninsula.

Nickel 28: Ramu production of 33,604 tons of nickel in 2023 Nickel 28 Capital Corp has released production and guidance plan for 2023 and 2024, specifically for the Ramu nickel-cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint venture interest in Ramu, which is operated by China Metallurgical Group Corporation. For the calendar year ended December 31, 2023, Ramu produced 33,604 tons of nickel.