China will subsidize green steel to under cut us like they are doing with
lithium which is why lithium is in free fall along with nickle.
China subsidizers the nickle mine in IND and lithium mines around the globe.
They want to dominate and corner the world EV market.
People are kidding themselves if they think this is a money spinner.
China will make sure they own it not us.We can't complete with their very low wages
and heavy state run money to get prices down.
Suggest people go watch 4 Corners program this week on iview.
Explains it al very well.
BHP had to drop nickle mining and thousands out of work.
China doing it to many countries.
Green Iron Ore has an important future in WA, page-35
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Last
$20.02 |
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0.550(2.82%) |
Mkt cap ! $61.64B | |||
| Open | High | Low | Value | Volume |
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| FMG (ASX) Chart |