MGT 1.64% 30.0¢ magnetite mines limited.

Understanding the demand for Green Steel, page-721

  1. 1,022 Posts.
    lightbulb Created with Sketch. 253
    Behind Public Citizen’s campaign to get cars made with ‘green steel’ (emergingtechbrew.com)

    https://hotcopper.com.au/data/attachments/6207/6207803-64b58457bddbda192071ecd7b2af7542.jpg

    The automotive industry accounts for about 16% of global steel consumption, per a 2023 Greenpeace report. Steel is responsible for more than 30% of a vehicle’s material emissions, the report said, and the percentage of automotive-life emissions from materials is slated to rise to 60% by 2040 as electrification eliminates tailpipe emissions.

    “The idea is that by encouraging top automakers to make these changes to their supply chains, it will catalyze major action by other automakers—and ideally, wider heavy industry,” Carly Oboth, senior supply chain campaigner for Public Citizen’s climate program, told Tech Brew.“If [automakers] can signal their demand for green steel,” she added, “it will encourage and convey to steel producers that they need to invest in the technology and they need to use fossil-free steel.Public Citizen’s campaign calls on automakers to use their influence in the steel industry to advocate for green-steel production."

    Yes I approve this change. Please proceed.
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.