'We need at least 350 million tons': Who's going to feed the emerging green steel thematic? These ASX explorers - *
Emissions from steel must be reduced by 50% by 2050 and then continue to fall, to meet the world’s climate goals, according to the International Energy Agency (IEA).It will need to grow between 5-5.5x to a barely fathomable 750Mtpa (around half of the total seaborne market currently) by 2050 in a 1.5C scenario.“We need at least 350 million tons of new high grade ore (over and above current planned supply),” WoodMac head of steel and raw material markets Malan Wu told * last year."
Magnetite Mines is mentioned in the article. Now all we need is to get this baby to production. Demand will clearly outstrip supply but the early bird gets the worm! Come on MGT you can do it!
'We need at least 350 million tons': Who's going to feed the...
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