Iron ore price, page-53532

Now that FMG realized green hydrogen is going nowhere due to costs being to high to make
what will they be doing with all that equipment they bought to try and make it work.
Do they sell it now and let some other company waste millions on trying to get costs down.

AF was spouting nonsense for the last few years saying green hydrogen would replace
petrol in all cars. Well that hasn't happened. Its all going EV's now and as battery technology
advances rapidly then that leaves green hydrogen in strife.

Making green iron/steel might simply be to expensive over coking coal which is dirt cheap.
Who going to spend far more money on green steel in cost of living for materials era we are now in.

FFI moving towards battery technology now.

We ought to stick to what we do best and that is selling iron ore.
We can never ever complete with China with their over 3000 steel mills.
They have cheap labour as well so we simply to small to even bother
trying to beat China in making steel.