The stock was the top loser on the benchmark ASX 200 index, which was down 0.7%.

India's Baldota Group will invest an estimated $6.20 billion to construct a 10.50 million mt per year capacity greenfield steel mill in the southern state of Karnataka

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.

NH3 Clean Energy has signed an agreement with Pilbara Ports Authority to explore the decarbonisation of iron ore shipments from the Port of Dampier in Western Australia.

Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People's Bank of China Shanghai head office said on Wednesday.

Australia's Pilbara Minerals said on Monday it expects to swing to an underlying loss for the first half, as it placed one of its two processing plants in care and maintenance owing to a steep drop in lithium prices.

The company’s headline earnings for the period are expected to be between R11.7-billion and R12.9-billion, compared with headline earnings of R22.7-billion for 2023.

Brazilian miner Vale confirmed on Thursday it has bought the 50% stake in its Baovale tie-up previously owned by its Chinese partner Baoshan Iron & Steel, known as Baosteel, a move that gives Vale full control of the iron-ore project.