Fortescue to Focus on Green Metal Export to China Over the Long Term

Mining giant Fortescue intends to strongly focus on its green metal export to China over the long term, where the majority of its customers are located. The iron ore miner said the plan could eliminate more than 200 million tonnes (Mt) of its Scope 3 emissions (indirectly created as a result of the company’s activities) annually. It also noted it is pursuing the opportunity to jointly develop a fully-integrated Australia-China green metal supply chain. This follows the visit of Chinese Premier Li Qiang to Fortescue’s green technology and test facility in Perth last June. Currently, China represents more than 50 percent of the world’s steel production....