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

$2 billion critical minerals boost crucial to energy transition

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

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

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

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

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

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.