Article

Australia's iron ore industry, a cornerstone of its economy, is at a pivotal juncture as China moves away from traditional steelmaking towards greener electric arc furnace methods. This shift poses a threat to Australia's hematite-based exports, prompting calls for investment in magnetite processing and green hydrogen technology.

Analysts suggest that with the right policies and investment, Australia could become a leader in green iron production, potentially tripling export values and significantly reducing emissions. The government has begun initiatives to support this transition, but challenges remain.