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.

During the period, Hebei's trade with countries along the Belt and Road increased 22.4 percent to 122.44 billion yuan.

Rio Tinto and Baowu said on Wednesday that they will set up a JV to develop the Western Range iron ore mine project in Pilbara.

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.

ERG has long considered ESG a priority in the group's operations and rolled out such a strategy in 2021.

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

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.