$2 billion critical minerals boost crucial to energy transition

Inner Mongolia Ulanqab Leading China Ferroalloys Industry Development Ferro-Alloys.com visiting

The project kicked off construction in January last year with an investment of 4.125 billion yuan ($564 million).

Coal is a main export commodity of Mongolia, which is rich in natural resources.

The country produced 3.44 billion tonnes of raw coal during the period, according to the National Bureau of Statistics.

Prices remain down by 33pc from their April peak of $1,200/st.

China's steel industry maintained steady operations in the first three quarters of 2023, marked by an increasing output and improved structure, the China Iron and Steel Association (CISA) said on Tuesday.

China announced on Friday that it will impose export controls on certain graphite materials and related products, effective from December 1.