The Brazilian arm ofArcelorMittal, in association with Atlas Renewable Energy, concluded the set-up of the solar energy park LuizCarlos, located in Paracatu,state of Minas Gerais.

The enterprise in the Kazybek Bek industrial zone will produce up to 1.2 million tons of steel and create about 600 jobs

the European market is facing weak demand, falling prices and declining production.

Iron-ore futures prices extended declines on Tuesday, as the big Simandou project in Guinea, west Africa shipped its first ore, raising prospects of more supply at a time when demand in top consumer China is set to decline amid falling steel output.

Japan’s JFE Steel Corp. is investing 157.5 billion rupees ($1.7 billion) in a joint venture (50:50) with India’s JSW Steel. This is stated in a statement by JFE Steel.

Brazilian mining company Vale has lowered its forecast for iron ore production in 2026 to 335-345 million tons, according to a company statement.

Tasmania is emerging as a key player in the global race for critical minerals after ABx Group produced a mixed rare earth carbonate (MREC) sample from its Deep Leads project.

Victoria is continuing to deliver accelerated critical minerals capabilities thanks to an approved mining work plan for VHM’s Goschen rare earths and minerals sands project in the state’s northwest.