Their remarks came after the State Council recently announced an action plan for energy conservation and carbon reduction for 2024-25. It relaxed requirements on new energy utilization in resource-rich areas from 95 percent to 90 percent.

Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking process, BioIron.

Currently, disclosures by Chinese companies are largely voluntary and lack uniform standards, according to the ministry.

Using helicopter sling methods, they performed defect elimination tasks and installed distributed fault diagnosis devices on the ±800kV Tianzhong Line.

They highlighted that the relaxation of the requirement on the utilization rate of new energy may create about 74 gigawatts of new installations, bringing multiple benefits to key sectors.

Australian Vanadium strengthens team to boost vanadium flow battery adoption

In 2024, Nornickel expect the nickel market to sustain a surplus of around 100 kt Ni (vs 190+ kt forecasted for the year in the previous issue of our report), with the most of it still represented by low-grade nickel.

Russian mining and metals giant Nornickel on Thursday lowered its forecast for the global nickel surplus this year, but said it expected a bigger global palladium deficit.