The plant, which is expected to be completed by 2025, involves a substantial investment of over 113 billion tenge (approximately $245 million).

In a significant step towards sustainable industrial development, Oman has officially initiated the construction of a pioneering green steel plant

The global rate was 75.3pc, up slightly from 74.3pc.

The firms also plan to develop neighbourhood EVs and internal combustion engine vehicles and create a sustainable auto ecosystem in India.

In January the firm agreed to develop renewable energy projects with Azerbaijan's state-owned Socar for a total combined capacity of 4GW.

Japanese ferrous scrap exporters lifted shipments to a two-year high in October.

The world’s second-largest miner by market value said Wednesday it expects to contribute roughly $6.2 billion to the initial development of the Simandou mine, including port and rail infrastructure needed to export the ore.

Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.