[Shyam Metalics Invests to Strengthen Coal Supply for Steelmaking]

Amerigo Resources reported on October 13 that its wholly owned Minera Valle Central tailings operation in Chile produced and sold 0.36 million pounds, or about 163.3 tonnes, of contained molybdenum in the third quarter of 2026, up 2.9% year on year but down 5.3% from the second quarter. Nine-month output reached 1.15 million pounds, or about 521.6 tonnes, up 18.6% year on year and equal to 76.7% of its 1.5-million-pound annual guidance. Heavy rain reduced days available to process historic tailings, but plant availability remained 98.1%. The average molybdenum price rose to 32.38 United States dollars per pound from 29.15 in the second quarter. Figures are contained molybdenum, not physical concentrate mass.

Evonith Steel has signed a long-term power purchase agreement with Sunsure Energy to source 30 MWp of solar power for its integrated steel plant in Wardha, Maharashtra. The power will be supplied from Sunsure’s existing 120 MWp solar facility in Dhule. The agreement is expected to help Evonith reduce its annual carbon emissions by around 34,700 tonnes, supporting efforts to lower the environmental impact of steel production.

Suzhou put up 4 residential plots for transfer on October 14, with a total land transfer area of 93,968.64 m², a total planned construction area of 115,646.71 m², and a total starting price of 1.06 billion yuan. In the end, all 4 plots were transacted at the reserve price, with a total transaction amount of 1.06 billion yuan.