Rio Tinto says no economic incentive for green steel in Australia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2025
0mins
Source: Reuters
Economic Viability of Green Iron: Rio Tinto and BHP have expressed skepticism about Australia's ability to develop a "green iron" sector due to the lack of economic incentives and high costs associated with transitioning to hydrogen-based production methods for steel.
Government Support and Challenges: Despite the Australian government's allocation of A$1 billion to support green iron manufacturing, industry leaders highlight the need for significant advancements in technology and a global carbon price to make such initiatives economically feasible.
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.
