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

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

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.

According to local media reports, Ottawa has said that any takeover bid for Teck would go through a rigorous approvals process.

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

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.

Most rail cars that Rio Tinto uses at its mines in Western Australia are from China's CRRC Qiqihar Rolling Stock, a CRRC subsidiary in Northeast China's Heilongjiang province, he said.