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Brazil's Vale, Saudi Arabia's NIDC sign MOU for iron ore pellet plant
The MOU is to study the development of a high-quality iron ore logistics and processing facility, according to an NIDC statement circulated on Oct. 30. |
Vietnam imports less steel in first 10 months
Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year. |
China Energy purchase category hits new high
The company, also known as China Energy, has signed with 40 companies from 18 countries and regions for contracts worth $2.5 billion (17.9 billion yuan) during the fifth CIIE. |
Instead of phasing down coal the world is burning more than ever
Last November in Glasgow, the world’s climate leaders were locked in a fierce debate over whether the final draft of the summit’s agreement should include a pledge to “phase-out” or “phase-down” coal. |
The main projects of Brazil's Vale
Although Brazilian miner Vale is focusing on cost control in response to the global economic slowdown, it also advances key projects. |
Steelmaker Ternium reports 80% drop in earnings
Steelmaker Ternium, controlled by Italian-Argentine group Techint, saw its Q3 net income fall by more than 80% year-on-year to US$220mn. |
China's hydrogen energy sector advances amid green transformation
By 2025, the country will have about 50,000 hydrogen fuel-cell vehicles and its annual hydrogen production from renewable energy will reach 100,000 to 200,000 tons. |
China's Heilongjiang sees foreign trade up 30.5% in Jan-Sept
The province also saw a growth in the import of agricultural products, iron ore, mechanical and electronic products, and sawn timber. |
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