The gold in mining: Canada’s B.C. sector thriving, thanks in large part to China

China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.

The group said it will consider the base metals business demerger at a later stage.

The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.

A bigger clampdown looks set to have far-reaching ramifications for supply chains feeding American defense and chip-making industries.