The Australian government will double the amount of money on offer to support critical minerals projects, aiming to attract American miners and processing companies to establish operations in Australia.

Experts are optimistic that despite the negative trend in the steel sector, the sector will recover in 2024 due to the government's actions in the property market and construction sector.

$2 billion critical minerals boost crucial to energy transition

Inner Mongolia Ulanqab Leading China Ferroalloys Industry Development Ferro-Alloys.com visiting

Largo Reports Third Quarter 2023 Production and Sales Results

Coal is a main export commodity of Mongolia, which is rich in natural resources.

It found that mild weather over Australia's winter led to lower demand for electricity over the period.

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.