Australia PM touts green steel as iron ore miners meet Chinese steelmakers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: Reuters
Australia and China's Green Steel Cooperation: Prime Minister Anthony Albanese emphasized the need for closer cooperation between Australia and China in green steel production, highlighting that decarbonization efforts could enhance their long-standing trade relationship, which heavily relies on iron ore exports from Australia.
Challenges and Opportunities in Iron Ore Production: The shift towards green steel poses risks for Australia's revenue due to the lower grade of its iron ore, necessitating additional processing steps. However, successful development of a green iron industry could potentially double revenues, as major Australian miners are already initiating green iron projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
