Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

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%.

India's Baldota Group will invest an estimated $6.20 billion to construct a 10.50 million mt per year capacity greenfield steel mill in the southern state of Karnataka

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.

NH3 Clean Energy has signed an agreement with Pilbara Ports Authority to explore the decarbonisation of iron ore shipments from the Port of Dampier in Western Australia.

Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People's Bank of China Shanghai head office said on Wednesday.