MGT 1.59% 32.0¢ magnetite mines limited.

European consortium bets big on hydrogen produced green steel"On...

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    European consortium bets big on hydrogen produced green steel

    "On Thursday (June 30), a consortium with its sights set on leading the market for green iron and steel from hydrogen was announced, with plans to mobilise€2.2bn ($2.3bn)of investment. GravitHy, composed of EIT InnoEnergy, Engie New Ventures, Plug, FORVIA, GROUPE IDEC, plans to support the demand for zero-carbon steel, by using green hydrogen to produce two million tonnes of direct reduced iron (DRI) annually from 2027"

    DRI = High grade ore = Magnetite = Razorback = #winning.
 
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