Anglo American subsidiary Kumba Iron Ore has reported a 17% lower total dividend for the year ended December 31, on the back of steel market and iron-ore pricing dynamics.

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

China's boron mineral product production enterprises, boron product type reached more than 50 kinds, high-end boron product type has a welcome growth, boron industry development momentum is good.

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The same applies to steel and aluminum, key materials for car production, which both Mexico and Canada export to the US.

Contrary to the US administration's claims, Nagel asserted that tariffs would likely have negative consequences for the United States as well.

Their comments came after Trump signed an executive order on Feb 10, announcing a 25 percent tariff on all US steel and aluminum imports from March 12.

The UK government has reaffirmed its commitment to invest £2.5 billion ($3.15 billion) to support the steel industry and protect jobs in the steel sector.