Understanding the demand for Green Steel, page-710

Anthony Albanese’s Future Made in Australia green energy plan is all about Queensland (copyright link)

Australia’s push for green iron, particularly from South Australia, is a significant step in the global transition to net-zero by 2050. This initiative, part of the "Future Made in Australia" package, aims to transform our biggest export—iron ore—into green iron metal, reducing CO2 emissions and boosting the economy. The recent budget's incentives for green metals mark a pivotal moment for sustainable industry, positioning Australia as a leader in clean energy manufacturing.

“the underlying economics” for Australia to process iron ore into green iron metal “are unarguable”. This is because green iron metal “would see the value of our exports go up many times. You’ve got to have your low-cost renewables, which we have got. We’ve (also) got the magnetite iron ore (in South Australia)” for processing into green iron metal, “but the technology may not be far away to use the haematite ore (which is in the Pilbara region of WA).”

He might as well be talking about MGT. Its insane, the momentum is almost unstoppable. Watch guys, just watch this space. We are in for a great christmas.