Fixing deep-sea mining damage would be double the cost of extraction — study

Union said the company was refusing to share 10% of profits from the 2021 fiscal year among over 3,500 direct employees.

The alleged thefts would fit a pattern of Russia targeting commodity hubs that provided Ukraine with vital export revenues.

Miner will buy 120 green-haul trucks, replacing about 45% of its current fleet as it pushes towards decarbonizing its operations.

The capital cost of the mine, which is expected to have a life of over 40 years, is estimated to be $3.1 billion.

Market focus has turned to the People's Bank of China, which could cut the rate on its medium-term lending facility on Wednesday.

Creditors rejected the company's last proposal on April 18 and filed an alternative plan a month later.

"Fresh lockdowns and mass testing in Beijing, Shanghai, and now Inner Mongolia is the realization of the ferrous market's worst fears," said Atilla Widnell, managing director at Navigate Commodities.

POSCO will halt some of its plants in Korea due to a lack of space to store finished products.

Employers failed to meet German union IG Metall's wage increase demands in the third round of talks.