The agreement's focus areas include low-carbon sintering technology, blast furnace and basic oxygen furnace optimization, and carbon capture and utilization, it said.

During the China Mining Congress & Expo held in Tianjin, the Chinese Minister of Land and Resources Cao Weixing said that the Asian giant is very interested in “intensifying investment trade and cooperation” with Argentina.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 150.6 million tonnes (Mt) in August 2022, a 3.0% decrease compared to August 2021.

Founded in 2016, Fundación Minera de Chile has helped disseminate mining know-how to boost the energy transition and constantly improve the sector so it can provide resources to satisfy social demands and spur development.

Peru’s mining sector expanded in the first half but contracted again in July. On the other hand, although the trend has been downward, certain projects have shown positive results thanks to expansions and the start of new operations.

Zimbabwe’s government approved a proposal by a group of Chinese investors to establish a $2.83-billion battery-metals park that will process metals including lithium, platinum and nickel, its latest plan to revive its moribund economy.

Most of the capital goods monitored by the Chinese government posted lower prices in early September compared with late August this year, official data showed Wednesday.

The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.