Car sales in China grew by 27.4% in November 2023...
Asia
Volkswagen will launch a base-level electric vehicle platform aimed at the Chinese market in 3 years
The German automaker's total investment in China will exceed a billion dollars, and the new industrial park will employ more than 3,000 people....
China rejects EU accusations of exporting excess electric vehicle capacity
Following accusations of overcapacity in the steel market, China is facing accusations of overproduction of electric vehicles, which could lead to...
China's scrap steel supply will rise in the fourth quarter as consumption rises
Based on an expected scrap steel utilization rate of 30% in China's steel sector by 2025, the Metallurgical Mining Association of China (MMAC)...
China will become the world's largest car exporter in 2023
If in 2001 the volume of automobile exports from China in value terms was only 1.56 billion US dollars, then in the first eight months of this year...
US and Indonesia announce comprehensive partnership
US President Joe Biden and his Indonesian counterpart Joko Widodo will cooperate in areas such as green energy, critical minerals and semiconductors...
117 fighters and reconnaissance aircraft are being scrapped in Kazakhstan
According to the terms of the tender, fighter jets must be disposed of by cutting on the territory of the Republic of Kazakhstan....
Taiwan steel mills set carbon surcharge from 2024
Taiwan is set to introduce a carbon tax on January 1, 2024, but the country's environment ministry has yet to announce the exact tariff....
Value added in China's non-ferrous metals industry grew by 6.2% in January-September
Chinese metallurgists increased production of non-ferrous metals to 55.02 million tons, up 6.8% year-on-year....
The Chinese steel lobby intends to seek the reversal of new EU environmental initiatives
China steel association CISA says the EU carbon tax is a new trade barrier and calls for further negotiations....
JSW Steel and ArcelorMittal target mines and steel business in eastern India
The price of a profitable business remains the subject of negotiations, but the negotiations themselves indicate the interest of major players in...
China Adopts Plan to Support Stable Growth in Mechanical Engineering at More Than 3%
The plan is mainly focused on 11 sectors of the Chinese industrial sector, including machine tools, agricultural machinery and construction machinery....
Coal production in China showed steady growth in January-July 2023
From January to July, China produced 2.67 billion tons of raw coal....
China overtakes Japan in car exports
The People's Republic of China in the first half of this year became the world's largest supplier of new cars to the world market....
China's car production continues to fall
Approximately 2.39 million vehicles were sold in China in July this year, down 1.4% from the same period last year, according to data from the China...
China iron ore imports up 6.9% in first seven months of 2023
Since the beginning of the year, China has imported a total of 669 million tons of iron ore, up 6.9% year-on-year....
China Steel raises prices for key products
Taiwan's largest metallurgical company announced that the steel market has reached the bottom of the price and the beginning of the recovery of...
India imposes restrictions on the import of gold jewelry
India has restricted imports of pure gold jewelry in an effort to stop illegal, untaxed imports, according to a government notice....
Hyundai Steel to open carbon-neutral steel laboratory by 2023
The purpose of the laboratory will be research on the use of hydrogen for steel production; the company aims to achieve zero CO2 emissions by 2050....
German concern thyssenkrupp will build military submarines in India
By signing a letter of intent, thyssenkrupp Marine Systems is laying the groundwork for a possible collaboration with Mazagon Dock Shipbuilders...
Technological progress achieved in China's hydrogen energy industry - experts
Hydrogen energy is one of the best ways to achieve carbon peak and carbon neutrality, and the advent of the hydrogen internal combustion engine opens...
Indian steel demand to grow by 7.5% in fiscal year 2023-24: ISA
Steel demand will be boosted by investment in infrastructure, renewable energy, mining, and the steel sector through a manufacturing-related stimulus...
ArcelorMittal Temirtau increased the production of flat products
Over the past 10 years, the ArcelorMittal Temirtau metallurgical plant has for the first time reached the maximum output of the first grade: both in...
New Volvo design center opens in Shanghai
The opening of a design center in Shanghai and three new car assembly plants in other cities will strengthen the company's strategic investment...
China is rapidly building up bank gold reserves
The People's Republic of China has been actively buying up gold for its reserves since the end of last year, and in the last two months alone,...
Tesla's Shanghai gigafactory delivered more than 75,000 vehicles in April
Established in 2019, Tesla's Shanghai gigafactory is the first of its kind outside the US....
China continues to lead the global shipbuilding market
The number of new orders accepted by Chinese shipyards in the first quarter of 2023 was 53% higher compared to the same period last year and amounted...
Vietnam sees strong growth in steel demand in second half of year
Vietnam's National Assembly approved a 350 trillion VND ($14.9 billion) aid package for economic recovery for 2022-2023, which should lead to a...
Indonesia blocks export of metals and invites investors to process them
Indonesia was invited by the G7 to join the meeting in Sapporo as the chair of the Association of Southeast Asian Nations or ASEAN. The G7 leaders...
