Major miner BHP has said it is too costly for Australia to build a "green iron" industry after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions.

The prime minister's visit to Beijing featured an unusual one-on-one meal with China's most powerful man. It's significant in more ways than one.

Australia is now less sensitive to China, but Chinese growth is likely to be enough to keep the iron ore price elevated.

Premier Li Qiang called on Tuesday for China and Australia to further strengthen higher-quality cooperation and create a stronger synergy for development to effectively address uncertainties.

China's Ministry of Commerce and Australia's Department of Foreign Affairs and Trade has signed a memorandum of understanding (MoU) regarding the implementation and review of China-Australia free trade agreement (FTA),

Australia’s potential to export green metals – made here using abundant, cheap renewable energy – could deliver immeasurable economic benefits and accelerate the global race to net zero. It’s now a step closer.

In the rugged hills outside this coastal city, Japanese and Australian artillery crews fired in tandem on a distant target. They were assisted by U.S. Marines, who were embedded with the Australian gun teams.

Australia and China should cooperate more closely over green steel, Prime Minister Anthony Albanese said in Shanghai on Monday, even as he called on the world's largest steelmaker to address excess capacity for the metal.