Green steel particularly DR grade iron ore made using renewable energy is the future. Everybody in the iron ore industry is talking about it. And Champion has a much more viable pathway to DR grade production in large tonnes that any of BHP, FMG or Rio Tinto. I dont think a complex operation like this would fit inside BHP but i reckon CIA is an ideal fit in Rio or FMG.
Rio already owns the Iron Ore Company of Canada so they are already operating in the region with a similar company. FMG is constantly spruiking its carbon reduction potential making CIA strategically consistent with that.
CIA trades at a PE discount to the Aussie majors whereas I think it should trade at a premium because of its attraction as a takeover target. This is just one of the reasons I think CIA is attractive.
Green steel particularly DR grade iron ore made using renewable...
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Last
$7.02 |
Change
0.110(1.59%) |
Mkt cap ! $3.636B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.10 | $6.96 | $4.333M | 615.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6074 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 4986 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.05 |
Change
0.110 ( 1.88 %) |
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| Open | High | Low | Volume | ||
| $6.97 | $7.10 | $6.97 | 399775 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CIA (ASX) Chart |