BHP says too costly to build Australian green iron industry as PM seeks China collaboration

BHP's Concerns on Green Iron Production: BHP has expressed that the costs of establishing a green iron industry in Australia are prohibitively high, estimating production costs to be double those in the Middle East and China, despite recent agreements between Australia and China to decarbonize the steel supply chain.

Australia's Challenges in Green Steel Development: While Australia aims to diversify its minerals processing industry, it faces obstacles such as high power prices and labor costs, with significant investments being made, including A$1 billion from the government to support green iron manufacturing and related supply chains.