Australia is in a race against time to kickstart its transition to green iron and steel

Article

22 May 2025

As reported by The Institute for Energy Economics and Financial Analysis (IEEFA) - May 22, 2025

Australia is in a race against time to kickstart its transition to green iron and steel. As international competition intensifies, it cannot afford to wait for emerging technologies to mature. Developing new high-grade magnetite iron ore operations – along with the necessary concentrate and pellet facilities – can take up to a decade to reach stable production. While a few magnetite projects are progressing, early action is essential to ensure future readiness and meet the growing global demand for greener steel feedstock.

Read the full article on IEEFA

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