Albanese urges China ties for green steel future
'It is in both countries' interests to ensure a sustainable and market-driven global steel sector,' he told a decarbonisation roundtable of Australian and Chinese industry chiefs, including BHP's Geraldine Slattery, Fortescue's Andrew Forrest and Rio Tinto's Kellie Parker.
Steel decarbonisation involves reducing carbon dioxide emissions in steel production which significantly add to global emissions.
While China remains the world's largest emitter, it is also viewed as a clean tech powerhouse, funnelling huge resources into renewable energy sources and decarbonising its industrial production.
The Government and industry view greater collaboration with China as vital to meeting Australia's own green energy goals. Australian Prime Minister Anthony Albanese at a Steel Decarbonisation Roundtable in Shanghai, China, Saturday, July 12, 2025. Anthony Albanese has travelled to China for a six-day visit. (AAP Image/Lukas Coch) NO ARCHIVING Credit: LUKAS COCH / AAPIMAGE
'Australian miners are reliable and stable (suppliers) of iron ore, responsible for almost 60 per cent of China's iron ore imports. That iron ore goes into Chinese steel production, which accounts for over 50 per cent of global supply.
'Trade remains a central pillar of our bilateral trading relationship, supporting jobs, investment, and prosperity in both of our countries.
'Steelmaking value chains are also responsible for 7 to 9 per cent of global emissions, and achieving the goal of the Paris Agreement will require the decarbonisation of steel value chains, presenting an opportunity for Australia and China to progress our long-term economic interests.
'Steel decarbonisation presents a range of challenges. What we need are enabling policy environments, extensive investments in research to develop new technologies and collaboration across academia, industry and Government,' Mr Albanese added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
21 minutes ago
- Sydney Morning Herald
Australia news LIVE: Albanese returns after week-long China visit; Trump diagnosed with medical condition
Latest posts Latest posts 6.52am Wall Street ticks towards record high Wall Street is ticking toward a record following some better-than-expected updates on the economy and a mixed set of profit reports from big US companies. The S&P 500 was up 0.5 per cent in afternoon trading and on track to top its all-time high set a week ago. The Dow Jones was up 252 points, or 0.6 per cent, in mid-afternoon trade, and the Nasdaq composite was adding 0.8 per cent to its record set the day before. The Australian sharemarket is set to rise on Friday, after the ASX added 0.9 per cent on Thursday, closing at a record high after the unemployment rate rose to its highest level in nearly four years, increasing the odds of an interest rate cut. Wall Street trading was calmer than on Wednesday, when President Donald Trump jolted financial markets by saying he had discussed the 'concept' of firing the chair of the Federal Reserve but was unlikely to do so. Such a move could help Wall Street get the lower interest rates it desires but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control. 6.48am Trump diagnosed with chronic health condition By Michael Koziol US President Donald Trump has been diagnosed with a chronic but non-serious health condition after swelling in his lower legs caused alarm during a recent appearance at a major sporting event. Press secretary Karoline Leavitt said Trump had noted 'mild swelling' and was evaluated by the White House medical unit, including diagnostic vascular studies and venous Doppler ultrasounds of his lower legs. The 79-year-old's scans revealed chronic venous insufficiency, Leavitt said, citing a note from the president's doctor. She described it as a 'benign and common condition', particularly for people over 70. 6.44am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: Prime Minister Anthony Albanese will leave China today after a week-long trip that included an expansive meeting with President Xi Jinping and a visit to the Great Wall of China. Albanese spent his last full day in China touring the nation's largest panda centre and dismissing Coalition suggestions that aspects of his visit were indulgent. US President Donald Trump has been diagnosed with chronic venous insufficiency, a non-serious health condition discovered after Trump observed mild swelling in his lower legs. It comes after photographs showing swelling in Trump's legs caused alarm earlier this week. The NSW Liberal Party is under fire for its willingness to work with embattled upper house MP Mark Latham, who has been accused of domestic violence, engaging in 'sordid' sexual trysts in his parliamentary office and exchanging offensive messages about female colleagues. Acting Opposition Leader Damien Tudehope has not ruled working with Latham on future legislation nor dining with Latham again. The Australian sharemarket is expected to grow on Friday, after Wall Street ticked toward a record-high in afternoon trading. The ASX closed at a record high on Thursday after the unemployment rate rose to its highest level in nearly four years, increasing the odds of an interest rate cut.
The Age
21 minutes ago
- The Age
Australia news LIVE: Albanese returns after week-long China visit; Trump diagnosed with medical condition
Latest posts Latest posts 6.52am Wall Street ticks towards record high Wall Street is ticking toward a record following some better-than-expected updates on the economy and a mixed set of profit reports from big US companies. The S&P 500 was up 0.5 per cent in afternoon trading and on track to top its all-time high set a week ago. The Dow Jones was up 252 points, or 0.6 per cent, in mid-afternoon trade, and the Nasdaq composite was adding 0.8 per cent to its record set the day before. The Australian sharemarket is set to rise on Friday, after the ASX added 0.9 per cent on Thursday, closing at a record high after the unemployment rate rose to its highest level in nearly four years, increasing the odds of an interest rate cut. Wall Street trading was calmer than on Wednesday, when President Donald Trump jolted financial markets by saying he had discussed the 'concept' of firing the chair of the Federal Reserve but was unlikely to do so. Such a move could help Wall Street get the lower interest rates it desires but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control. 6.48am Trump diagnosed with chronic health condition By Michael Koziol US President Donald Trump has been diagnosed with a chronic but non-serious health condition after swelling in his lower legs caused alarm during a recent appearance at a major sporting event. Press secretary Karoline Leavitt said Trump had noted 'mild swelling' and was evaluated by the White House medical unit, including diagnostic vascular studies and venous Doppler ultrasounds of his lower legs. The 79-year-old's scans revealed chronic venous insufficiency, Leavitt said, citing a note from the president's doctor. She described it as a 'benign and common condition', particularly for people over 70. 6.44am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: Prime Minister Anthony Albanese will leave China today after a week-long trip that included an expansive meeting with President Xi Jinping and a visit to the Great Wall of China. Albanese spent his last full day in China touring the nation's largest panda centre and dismissing Coalition suggestions that aspects of his visit were indulgent. US President Donald Trump has been diagnosed with chronic venous insufficiency, a non-serious health condition discovered after Trump observed mild swelling in his lower legs. It comes after photographs showing swelling in Trump's legs caused alarm earlier this week. The NSW Liberal Party is under fire for its willingness to work with embattled upper house MP Mark Latham, who has been accused of domestic violence, engaging in 'sordid' sexual trysts in his parliamentary office and exchanging offensive messages about female colleagues. Acting Opposition Leader Damien Tudehope has not ruled working with Latham on future legislation nor dining with Latham again. The Australian sharemarket is expected to grow on Friday, after Wall Street ticked toward a record-high in afternoon trading. The ASX closed at a record high on Thursday after the unemployment rate rose to its highest level in nearly four years, increasing the odds of an interest rate cut.
Courier-Mail
21 minutes ago
- Courier-Mail
BYD boss says Australia success key to global EV domination plans
Don't miss out on the headlines from Motoring. Followed categories will be added to My News. The billionaire founder of a Chinese electric vehicle giant has declared Australia the ultimate proving ground, claiming local success is a 'signal to the world' the brand is ready to dominate the globe. Build Your Dreams (BYD) boss Wang Chuanfu made the claim in a rare and exclusive interview with News Corp Australia. Previously, Mr Chuanfu had never spoken with Australian media. The quietly spoken founder, chairman and president of BYD, made a surprise appearance in Melbourne this week to hand over the 60,000th BYD vehicle sold in Australia. It's a major milestone for an automotive brand. MORE: Massive car companies stop all US imports BYD Founder Wang Chuanfu says Australia is key to global EV strategy as the brand hits 60,000 sales. MORE: Car prices set to plummet Mr Chuanfu said Australia had become far more than just another sales market. 'Australia is a key market for the BYD Brand. It's a highly competitive, advanced automotive market with an educated customer that values innovation, safety, and sustainability,' he told News Corp Australia. He added that the brand's success wasn't just a sales win but a message. 'Success here is a signal to the world that BYD vehicles can meet and exceed the expectations of mature markets. The learnings we gain from Australia help shape our products and approach globally.' BYD has been rapidly rising through the ranks as one Australia's fastest-growing automotive players. Last month BYD achieved 8,156 monthly deliveries, up 386 per cent year-on-year and finished eighth overall in national sales. MORE: Iconic car quits Aus amid global collapse In June, BYD finished 8th overall in national sales. Picture: BYD MORE: $9.1bn slide: Car giant hits the wall The surge was largely due to the launch of the Shark 6 – the country's first plug-in hybrid ute. This year the brand's success continues, with 40,000 vehicle deliveries forecasted. Mr Chuanfu acknowledged local distributor EVDirect in helping build BYD's early momentum and praised Australian buyers for embracing BYD. 'Personally, it's very meaningful,' he said of the milestone. 'Our success in Australia would not have been possible without the strong partnership and commitment of EVDirect.' 'As our exclusive distributor, they have been instrumental in bringing BYD's vision to cool the Earth by 1°C to Australian customers. 'We are proud of what we have achieved together and look forward to continuing this successful collaboration as we enter the next phase of growth.' BYD Founder Wang Chuanfu, BYD Australia general manager Mr Wing You and BYD Asia-Pacific auto sales Mr Liu Xueliang arrive to BYD dealership in Melbourne. Picture: BYD Founded in 1995, BYD began as a battery manufacturer before expanding into tech, rail and eventually electric vehicles. Today, it operates in more than 70 countries and employs more than 600,000 people worldwide. Its expansion has unsettled traditional players, especially as the brand continues to undercut rivals on price without compromising on features or safety. Currently, its Australian line-up includes the Atto 3, Dolphin, Seal, Sealion 6, Sealion 7 and Shark 6. Originally published as BYD boss says Australia success key to global EV domination plans
