On October 28th, local time, an explosion occurred at the Kostenko mine in the Karaganda Oblast of northern Kazakhstan, resulting in 33 deaths and 13 missing. After the accident, Kazakh President Tokayev urgently announced the termination of cooperation with ArcelorMittal Timiltau, a subsidiary of the steel giant ArcelorMittal Group. It is reported that ArcelorMittal Group is a global steel giant. As of the latest close, the company's US stock price was at $22.14, with a total market value of approximately $18.58 billion (approximately RMB 140 billion).