The move would create a global leader in stainless steel and Europe’s biggest producer, with capacity to make 2.3 million tonnes a year,

Report recommends that new tailings facilities must not be constructed if the operator cannot ensure the safe and timely evacuation of communities in the area.

Capital expenditure by oil and mining companies is down to a 15-year low despite a 40% rise in global commodity consumption over the same period, according to a new report.

Officials in Shanghai announced an end to a two-month lockdown on Monday.

Resources will be reverted to projects for improvements in urban mobility and the strengthening of public services.

The country’s producers have seen their options dwindle as sanctions choke sales to the key European market.

Iron ore bucks the metals price doldrums as China GDP growth slows.