If this happens, you won’t getting companies like Vale claiming they are saving the world by providing China with high quality ore yet forget that the ore they are extracting comes from an area that absorbs more carbon than anywhere else....
Oh it would provide a double whammy for FMG as well (more demand for FMG ore + hydrogen transported directly from FMG)
https://www.bloombergquint.com/markets/how-hydrogen-could-solve-steel-s-climate-test-and-hobble-coal
How Hydrogen Could Solve Steel’s Climate Test and Hobble Coal Bloomberg News Aug 29 2019, 6:01 PM
Bloomberg) -- Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF. The steel industry could adopt hydrogen for between 10% and 50% of output by mid-century given the right carbon pricing, BloombergNEF analysts wrote in a report. The sector accounts for as much as 9% of global carbon e
Read more at: https://www.bloombergquint.com/markets/how-hydrogen-could-solve-steel-s-climate-test-and-hobble-coal
Copyright © BloombergQuint
Hydrogen FMG and Industry watch!, page-19
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 31540 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.98 | 24196 | 6 |
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