According to the latest data of the World Iron and Steel Association, in January, the crude steel output of 64 countries included in the statistics of the world iron and Steel Association was 162.9 million tons, up 4.8% year-on-year.

Baidu owns 55pc of the joint venture and Geely 45pc. Other details, including the location, construction schedules and design capacity were undisclosed.

Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

June prices increased by $30/st to $1,070/st, while July prices rose by $31/st to $1,004/st. August futures prices rose by $18/st to $956/st.

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

The consolidation of the Company’s issued and outstanding common shares ("Common Shares") was approved by the Company’s shareholders

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalise on surging demand for the red metal as President Joe Biden moves to electrify the nation's automobiles and combat climate change, CEO Richard Adkerson told Reuters.