Australia is currently facing the Kodac moment with Western Australia going into survival mode and South Australia leading the carbon emissions in manufacturing of green steel.
Australia is not the only country with high grade magnetite and the big boys know this, behind the scenes there is a lot happening and the future of steel manufacturing lays in high grade iron ore pellets.
MGT has well over 6 billion tonnes an
We in Australia are at the crossroads and the South Australian government are definitely sitting in the right position, all mgt needs now is capital i It’s investment from partnering / JV to become a producer not to far in the future.
Enjoy this this YouTube video I’ve attached explaining the future of green steel.
https://youtu.be/R2YinVWm-20?si=PJJ4qnGzIm244ehTd eventually the resource will become valuable for developing countries also.
Understanding the demand for Green Steel, page-473
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