Steel industry on path to get stronger

Trek Metals has inked an agreement with lithium miner Pilbara Minerals to acquire a base metals tenement in the Pilbara.

Copper/gold miner Oz Minerals has inked a term sheet with fellow listed Havilah Resources to option the Kalkaroo copper project, in South Australia.

Diversified miner BHP’s iron-ore division is aiming to more than double its spend with Indigenous vendors to more than A$300-million by the end of the 2024 financial year.

JUBILEE METALS GROUP PLC - Investment Programme Delivers Significant Growth Across PGM and Copper Operations

Sinosteel Cam S.A. estimates that at least 600 direct jobs and more than 1,000 indirect jobs will be created through the project.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Facing the pressure of increasing uncertainties in the global energy market caused by geopolitical conflicts, China has pledged maximum efforts to safeguard its energy supply.