Reported about 11 hours ago
During a meeting in Shanghai, Australian Prime Minister Anthony Albanese emphasized the importance of cooperation between Australia and China in the green steel sector, highlighting the need for decarbonization in steel production. Recognizing that Australia supplies two-thirds of China's iron ore, he warned that failure to produce green iron could significantly impact Australia's revenues, while successful development of this industry could double them. Albanese also addressed China's excess steel production capacity, which poses challenges for global trade.
Source: YAHOO