Massive $1.6bn investment into the green steel industry for...

Massive $1.6bn investment into the green steel industry for world's first large-scale plant. This market is going to need huge amounts of high-grade, low-impurity iron ore. Hopefully AKO gets its production up and running very soon to meet the demand.

Also iron ore back over US$120 again. Macro factors heading in the right direction right now.

Sweden's H2 Green Steel raises $1.6 billion for Boden plant
Reuters
September 7, 202312:10 PM GMT+1Updated 6 days ago
OSLO, Sept 7 (Reuters) -
H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world's first large-scale green steel plant, the Swedish steel company said on Thursday, in line with plans presented in April.
The plant in the northern town of Boden will use hydrogen produced from renewable electricity - rather than coal - to deliver steel in a process emitting as much as 95% less CO2 than steel produced with traditional blast furnace technology, the company says.

https://www.reuters.com/business/finance/swedens-h2-green-steel-raises-16-bln-private-placement-2023-09-07/
[reuters]