Rescuers in Nepal have recovered numerous bodies from vehicles buried in landslides near Kathmandu as the death toll from flooding reaches at least 129 with many missing. Following three days of monsoon rains, improved weather on Sunday allowed for rescue and clean-up efforts, though Kathmandu remained isolated due to blocked highways. The Bagmati River in the Kathmandu valley is shown in an aerial image, illustrating the extent of the devastation caused by the landslides.
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China’s $256b dam project in Tibet opens iron ore price floodgates
Iron ore and steel prices reached a four-month high, driven by China's announcement of a 1.2 trillion yuan hydropower project in Tibet, which is expected to boost demand for construction materials. The initiative aligns with efforts to reduce overcapacity in China's steel industry, potentially benefiting mill margins and raw material prices. Explain It To Me Like I'm 5: Iron ore and steel prices are going up because China is building a big dam, which means...
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