In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

During the period, China imported a total of 669 million tons of iron ore, up 6.9 percent from the same period last year, according to the data.

From January to July, the province's trade with countries along the Belt and Road rose 9.8 percent year-on-year to 116.23 billion yuan.

Indonesia’s mining quota distribution has been delayed having reverted to an older approval process due to an ongoing investigation into illegal mining, a senior official said on Monday, assuring there was sufficient nickel ore for smelters.

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

Specifically, the price of sulfuric acid went up 18.1 percent in mid-August compared to the beginning of this month, while the price for liquefied petroleum gas increased by 10.9 percent.

China's share of global orders for large LNG carriers exceeded 30 percent in 2022, hitting a record high.

Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.