Green hydrogen been a complete and utter disaster.
The money wasted on it beggars belief.
Simply to expensive to make and can't complete with fossil fuels.
Why AF thought it would replace petrol cars and seem to suggest he'll
make many extra billions well no it was never going that way.
Car manufacturers are going hybrids but mainly EV's as battery technology evolves
with far longer ranges and far faster charging times.
FMG built a green hydrogen iron ore truck then realized it was to expensive to run so built
an electric iron ore truck that is far cheaper to run and could be sold elsewhere around the
globe as fuel gets to expensive.
FMG doing well with going solar and wind to save tens of millions in fuel costs.
Green iron or green steel might just be to expensive to make over using coking coal which is dirt
cheap to make.
China has over 3000 steel mills.
Australia's steel companies.
Bluescope
Liberty
GATIC
Valmont
Thyssenkrupp
Commonwealth Steel
Austeel
We make $29b worth of steel each year.
Who would buy more expensive steel in cost of living with regards building.
Builders are trying to get costs down and won't be buying more expensive steel that is made by green hydrogen.
Green Iron Ore has an important future in WA, page-27
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |