IPOs in Hong Kong have raised $20.4 billion this year.

The mineral meant for exports during the rest of the year will be absorbed by domestic companies with smelters.

MCC was last week given permission by the Papua New Guinea government to restart the plant, which was closed for not taking remedial actions after a spill in August.

Meanwhile, global benchmark prices eyed their best week in five.

China imported 7.13 million tonnes of nickel ores and concentrates in total last month.

Ramu Nickel was ordered shut "for not adhering to remedial measures issued six weeks ago."

The government plans to create parameters, such as size of concession versus area explored, to measure exploration efforts.