FMG 1.39% $19.22 fortescue ltd

Iron ore price, page-30292

  1. 4,182 Posts.
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    If you have lower grade steel then it will be very helpful to have your own hydrogen powered steel making plants or just a total carbon offset on every tonne for the green esg funds. I think this will be more important than higher grades as a green plant plus lower grade ore will probably be better for air quality anyway.

    As an aside all the green focus stuff is such bs. for example, if you avoided funding oil companies back in the day we wouldn't have lithium ion battery which were developed by research funded by Exxon Mobil. We also know wind turbines are incredibly inefficient long term as they don't last long, can't dispose of the blades easily and cost huge amounts of energy to make. most recent blackouts are as a result of too much renewables instead of stable and totally carbon free nuclear etc. Tesla gear works really well but most other stuff isn't worth the effort at scale ... but feelings > facts lately...
    Last edited by polarbear666: 16/04/21
 
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