FMG 5.35% $20.18 fortescue ltd

Ann: September Quarterly Production Report, page-58

  1. 7,705 Posts.
    lightbulb Created with Sketch. 2797
    u post figures from 5 years ago saying H2 is $18.70/kg.

    Read the paper instead of making stupid comments. $18/kg is the CSIRO predicted 2030 price. Even their lowest estimates for 2030 are $8/Kg.

    It takes 90Kg of H2 to make one tonne of sponge iron. That is ~$700-1700/tonne just for the hydrogen alone without any other costs.

    It takes 550Kg of coal to make one tonne of steel. That is <$130 even at today's inflated prices. In normal times it is closer to $60.

    If we could make hydrogen for $1.87, would you support green iron?

    ROTFL. You can't so it is a totally pointless argument.
 
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