The global rate was 75.3pc, up slightly from 74.3pc.

Japanese ferrous scrap exporters lifted shipments to a two-year high in October.

In January the firm agreed to develop renewable energy projects with Azerbaijan's state-owned Socar for a total combined capacity of 4GW.

The world’s second-largest miner by market value said Wednesday it expects to contribute roughly $6.2 billion to the initial development of the Simandou mine, including port and rail infrastructure needed to export the ore.

Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.

Most rail cars that Rio Tinto uses at its mines in Western Australia are from China's CRRC Qiqihar Rolling Stock, a CRRC subsidiary in Northeast China's Heilongjiang province, he said.

According to local media reports, Ottawa has said that any takeover bid for Teck would go through a rigorous approvals process.

Data from the General Administration of Customs showed that the country imported a total of 383.64 million tons of coal from January to October this year, a year-on-year increase of 66.8 percent.