Understanding the demand for Green Steel, page-1095

https://mandalapartners.com/uploads/growing-australias-iron-advantage.pdf

• Australia could supply 20% of global green iron by 2050, producing 310 million tonnes annually. This would generate $103 billion annually for the economy and support 27,500 direct jobs.
• Green iron production could reduce global emissions by 1.7%, exceeding Australia’s current emissions (1.2% of global emissions). The steel industry accounts for 6–9% of global CO₂ emissions.
• Australia enjoys key competitive advantages in green iron production including: low-cost solar and wind leading to potentially low cost green hydrogen, extensive iron ore reserves, the capacity to co-locate elements of the production chain for efficiency
• If Australia becomes a significant global green iron producer it would significantly reduce reliance on China (85% of current iron ore exports) by opening up markets in Southeast Asia, Africa, and other emerging markets."

COME ON MGT LETS GO!!