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According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

The CEC in February forecast a year-on-year increase in electricity consumption of 6-7pc for 2021.

ABB has signed a Memorandum of Understanding with Hitachi Construction Machinery to share their expertise and collaborate in creating solutions that will reduce the greenhouse gas (GHG) emissions associated with heavy machinery in the mining industry.

Diversified miner South32 has set year-to-date production records in both Brazil and Australia, and has increased its production guidance for two other operations.

Diversified mining and marketing company Anglo American, through its platinum group metals (PGMs) business Anglo American Platinum, is partnering with Umicore to research and develop technology that has the potential to transform the way hydrogen can be stored...

In the financial report, HMC said that the main reasons for the company's outstanding performance were gains in sales and higher steel price.

In its first quarter finance result, Hoa Sen Group (HSG) posted an increase of nearly 382 percent year-on-year in net revenue to 9.1 trillion VND.

Another steel producer posting good results in the first quarter was Thu Duc Steel JSC (TDS).