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

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

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

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

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.

Data from the General Administration of Customs showed that the country imported a total of 383.64 million tons of coal from January to October this year, a year-on-year increase of 66.8 percent.

The Asian country exported 31.7 million tons of coal last year.