Fortescue to Focus on Green Metal Export to China Over the Long Term
Fortescue said it is pursuing the opportunity to jointly develop a fully-integrated Australia-China green metal supply chain.
In 2020, more than 60 percent of China's iron ore imports came from Australia. This picture shows Fortescue Solomon iron ore mine located in the Valley of the Kings in the Pilbara region of Western Australia. David Gray/Reuters
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.
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.
