"To make hydrogen out of solar power will also solve the problem of curtailment due to the growing capacity for solar power," he said.

Liberia is planning to approve a "Class A" mining license to Chinese company Bao Chico Resources Liberia Ltd to extract iron ore for 25 years.

The PPI rose by 0.7 percent on a monthly basis in August, up from 0.5 percent in July.

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Australia and Canada to benefit from green steel revolution - Fitch

China’s iron-ore imports hit record in boost to Australia