LMG 2.08% 4.7¢ latrobe magnesium limited

Ann: Latrobe Magnesium Community Presentation, page-21

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    Having a dedicated source of energy (ala wind, solar, hydrogen etc) can be complicated. These types of things are usually built with a purpose in mind. If a wind farm already supplies power to the grid, then its not as simple as plugging in.

    The trend now is large companies with wallets much deeper than LMG, to dish our money and develop their own source of green energy to plug into. See Korea Zinc investing into QLD to create a Green Hydrogen Hub, and Telstra investing in the same way in an effort to decarbonise their operation.

    I doubt LMG will be able to be carbon free from the outset, and it would be unwise to try to be. Get the business up and running, and then do groovy green stuff later.
 
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