Brazilian mining company Vale expressed optimism about the growth prospects of the Chinese economy and asserted its strategic position to contribute to China's high-quality development.

Iron ore shipments from Western Australia's (WA) Port Hedland rallied in December, although 2023 exports were below 2022 as increased sales to India and Vietnam were offset by reduced deliveries to China and Japan.

Monthly output marginally lower.

There is plenty of capacity at all four ports to raise throughput and cut shipping queues, weather permitting.

UK-Australian mining firm Rio Tinto shipped 331.81mn t of iron ore from Western Australia (WA) in 2023.

But weaker Japanese demand weighed on overall Australian hard coking coal exports.

In a significant move towards environmental sustainability, Baosteel and ExxonMobil have formalized their commitment to collaborate on low-carbon solutions.

In a landmark agreement, ArcelorMittal France, a subsidiary of the world's leading steelmaker ArcelorMittal, has joined forces with French state-owned energy supplier EDF Energy.