China has unveiled fresh measures to rein in its enormous steel sector, signaling a new phase in Beijing’s campaign to rebalance an industry long plagued by oversupply. The Ministry of Industry and Information Technology, along with other state agencies, has released a plan for 2025–2026 that prohibits the addition of new capacity and commits to reducing production levels.

The policy also emphasizes raising the quality of steel output, particularly in high-end segments, while stimulating downstream demand in construction and transportation to absorb supply more effectively. The announcement follows Beijing’s earlier pledge during its March policy meetings to curb steel output, but the latest document stops short of specifying numeric targets.

Anson Resources has struck a milestone agreement with South Korea’s LG Energy Solution, securing its first major offtake contract for lithium carbonate from its Paradox Basin project in Utah. The deal, which will see LG acquire up to 4,000 dry metric tons annually starting in 2028, covers nearly 40 percent of Anson’s anticipated initial production capacity of around 10,000 tons per year.

Structured as a five-year contract with the option of renewal for another five, the agreement gives Anson both commercial credibility and financial leverage as it moves toward a final investment decision. The announcement triggered a surge of nearly 25 percent in the miner’s share price, its strongest intraday rally in months, underscoring investor enthusiasm for what is effectively a company-defining partnership.

Companies that had committed to investing in U.S. offshore wind infrastructure and supply chains are now abandoning their plans as the projects they were meant to support face severe setbacks, including President Donald Trump’s decision to end federal backing for the industry. The downturn in offshore wind, driven by rising costs…