In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

For his part, Demchenko confirmed the company's keenness to invest in the Egyptian market.

Iron-ore major Fortescue has reported record shipments during the 2023 financial year, while also announcing the departure of CEO Fiona Hick only six months after her appointment.

BHP Group reported its lowest annual profit in three years, but the decline isn't the most worrying factor for the world's biggest mining company.

China's share of global orders for large LNG carriers exceeded 30 percent in 2022, hitting a record high.

Specifically, the price of sulfuric acid went up 18.1 percent in mid-August compared to the beginning of this month, while the price for liquefied petroleum gas increased by 10.9 percent.

Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.