"None of the [actions required] will be feasible if the supply of metals does not keep pace with the spectacular demands expected to be created by the needs of the energy transition," said McKay.

Indian private-sector producer JSW Steel has been declared as a preferred bidder for the Ajgaon iron ore block in the state of Maharashtra.

Indian private-sector producer Tata Steel registered its highest production and sales in the April 2021-March 2022 financial year.

The company's standalone capacity utilisation was 98pc during January-March compared with 93pc for the same period last year.

India's Moil raise quotation of manganese ore in April.

Of the volume, 60,000 tonnes have been exported, doubling the figure of the same month last year.

Of the volume, 60,000 tonnes have been exported, doubling the figure of the same month last year.

China accounted for a record 57 percent of the 2021 global revenue of London-based Anglo Australian metals and mining giant Rio Tinto Group Plc, the world's biggest iron ore miner.