Reported about 11 hours ago
BHP has declared that establishing a green iron industry in Australia is prohibitively expensive, even after recent agreements with China to collaborate on decarbonizing the steel supply chain. Geraldine Slattery, BHP Australia's chief, emphasized that production costs would remain significantly higher in Australia compared to the Middle East and China, hindering Australia's ambitions in low-carbon steel production. While the Australian government is investing in green iron initiatives, experts question the feasibility given ongoing challenges such as high energy prices and labor costs.
Source: YAHOO