The point Treefella makes about demand for green steel only highlights HIO's strength. The current demand and production is currently very small in comparisson to the overall world market but so is HIO's production. But you are going to want Supergrade as it is at the peak of the quality pile, requiring less energy and pollution to make green steel. So instead of carbon combining with the oxides coming off the hot ore to create Co then Co2 , you add hydrogen to combine with oxides to make H2O = steam which leaves behind high purity iron.
Now the thing about hydrogen and green energy is that its hard and expensive to transport across borders. That means production should happen near the source or too much energy is wasted. There are few places that have both high quality magnetite and abundant cheap green energy, SA is one of them. Any country now trying to use fossil fuels such as coke, gas or oil as part or all of their steel energy input suppply chain will get absolutely smashed by those mills able to use cheap green energy... and that requires high grade magnetite.
The HIO share price is putting up an impressive fight against the Wall Street head winds.
HIO Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
