UK-Australia resources firm Rio Tinto expects to benefit from an increased demand for metals and minerals needed to tackle climate change.

Industry ramps up efforts for technological upgrades, intelligent and green manufacturing transformation.

The Argus 62pc index stood at $129.10/dmt on 17 May, down by 40pc on the year.

The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.

In 2021, US imports of HRC totaled 3.4mnt, with CRC imports at 1.71mn t and HDG imports at 2.69mn t.

Efforts should also be made to ensure stable supplies and prices, he said.

Japan's economy posted a contraction during January-March after a rebound the previous quarter, as the country's Covid-19 sub-emergency restrictions dented consumer spending and capped fuel consumption.

The shareholders of ASX-listed oil and gas major Woodside have voted overwhelmingly in favour of the merger with mining major BHP’s petroleum assets.