After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.

The channel is also a major route for China's west-to-east coal transportation, ensuring the country's energy consumption demand is met.

Fluorspar is the commercial name for the naturally occurring mineral fluorite, composed of calcium and fluorine (CaF2).

In November 2022, the production of the Mining and Hydrocarbons sector increased 5.06% compared to the same month of the previous year.

A similar project that transmits power from Baihetan to Jiangsu Province in the east was put into use in July.

A mega solar and wind power base kicked off construction in China's seventh-largest desert on Wednesday.

Thanks to the large-scale development of clean energy, especially solar and wind power, consumption of fossil fuels is expected to decrease by 3.15 billion ton standard coals during the 2030-60 period, Dai said.

This means that renewables, which have lower individual production costs, end up having to share the price burden of more expensive fossil fuels.