Brief by Shorts91 NewsDesk / 07:18am on 21 Jul 2025,Monday Business
Iron ore and steel prices soared to four-month highs after China began constructing the world’s largest hydropower dam on the Yarlung Tsangpo River in Tibet. The $170 billion project, launched by Premier Li Qiang, is expected to boost demand for steel, cement, and glass. India raised concerns over potential downstream impacts, while Arunachal Pradesh CM Pema Khandu warned of a “ticking water bomb.” NGOs fear irreversible ecological damage. The dam aims to generate 300 billion kilowatt-hours annually and support China’s carbon neutrality goals. China’s Iron and Steel Association is also working to curb industry overcapacity and hyper-competition, further influencing market dynamics. (PC: NDTV & Telegraph India)
