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To discover new business opportunities, China's foreign trade enterprises are actively expanding into high-growth markets and high-potential industries.

He highlighted that the "America First Investment Policy" presidential memorandum issued by Trump further restricted two-way investment between China and the United States.

Liu made the remarks at the nation's top political advisory body's press conference on Monday, one day before its annual session.

The counter tariffs will remain in place until the US tariffs are withdrawn and not a moment sooner, said Trudeau.

The U.S. Midwest duty-paid aluminium premium at above 40 US cents a lb or nearly $900 a metric ton is up nearly 60% since the start of 2025 AUPc1.

The US has imposed a 25 per cent tariff on steel and aluminium imports, set to impinge Australian companies from March 12.

Rio Tinto is set to invest $US1.8 billion ($2.8 billion) to develop the Brockman Syncline 1 (BS1) project in the west Pilbara region of Western Australia.

South Asia's imported scrap market remained largely subdued, as Ramadan, fiscal concerns, and liquidity constraints weighed on buying activity across India, Pakistan, and Bangladesh.