The signing ceremony of the first batch of mining equipment procurement between vale and XCMG Brazil was grandly held at XCMG Brazil factory in pousoalegre, Minas. Mining and infrastructure equipment, including five gr3505 mining graders, will be delivered to vale Brazil's operation area by the end of this year.

The auxiliary shaft of Shandong Golden Sanshan Island, the "deepest mine in Asia", officially began to be dug in Laizhou City, Shandong Province.

On May 22, India announced the adjustment of import and export tariffs on iron ore and steel products, which attracted widespread attention in the market. Many Indian mines said that imposing high export tariffs was tantamount to pressing the "pause button" for India's iron ore exports. However, insiders believe that the impact of India's adjustment of iron ore export tariffs on China is generally limited.

The Ministry of energy and mineral resources of Indonesia recently said that Indonesia's renewable energy industry is expected to achieve an investment target of $3.91 billion in 2022. The latest statistics show that Indonesia's investment in renewable energy industry reached US $1.51 billion in 2021.

Australian lithium miner pierbara auctioned lithium concentrate on BMX platform for the fifth time, and finally traded at $5955 / ton, setting a new high. The auction price has increased by 376.4% compared with the first auction price in July 2021.

Canada said in a statement that it would commit up to $100million to the development of key minerals.