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Japanese ship orders drop 59% year-on-year in August but steel demand remains stable
According to the latest data released by Japan Ship Exporters, in August, new orders for Japanese ships from both home and abroad fell 59.1 percent year-on-year to 496,800 gross tons (GT) or 15 ships. The year-on-year decline was attributed in part to the high...
Iron ore: Rio Tinto and China Baowu to develop $2 billion Australian project
Rio Tinto Ltd said Wednesday it will work with its major customer China Baowu Steel Group to develop a $2 billion iron ore project in Western Australia in a bid to bolster production in the Pilbara region. The deal comes amid difficult relations between Australia and...
Putin and Xi will discuss growing energy cooperation
Further expansion of energy cooperation will be high on the agenda of the meeting between Russian President Vladimir Putin and his Chinese counterpart Xi Jinping in Uzbekistan, Sept. 15-16, given Russia's urgent need to find new destinations for its oil and gas...
Lithium: ACME Lithium advances Nevada mining project and plans to increase North American supply
Aiming to increase lithium supply in the United States to help meet demand from manufacturers of electric vehicles and other applications, ACME Lithium recently made an initial discovery in Nevada and plans to share a development update soon. North America and Europe...