1、Growing Australias iron advantage NOVEMBER 2024This document is intended for general informational purposes only.The analysis in this report was commissioned by Boundless and prepared by Mandala.Mandala is an economics research and advisory firm.Mandala specialises in combining cutting-edge data and

2、 advanced analytical techniques to generate new insights and fresh perspectives on the challenges facing businesses and governments.Views and opinions expressed in this document are prepared in good faith and based on Mandalas knowledge and understanding of its area of business,markets and technolog

3、y.Opinions expressed herein are subject to change without notice.No part of this document may be reproduced in any manner without the written permission of Mandala.NOVEMBER 2024Note:All dollar figures are Australian dollars unless indicated otherwise.ContentsExecutive summaryAustralias green iron op

4、portunityBarriers to industry growthThe path forwardAppendix and method34132126Australia could produce 20%of global green iron by 2050 reducing global emissions by 1.7%and generating growthThe industry faces short-term feasibility and scale challengesPolicy solutions should prioritise these immediat

5、e issuesExecutive summaryGROWING AUSTRALIAS IRON ADVANTAGE In the short term,key barriers are the feasibility of early-stage technologies,scale of infrastructure required and availability of capital Policy initiatives should urgently address these barriers to enable large-scale investment and drive

6、industry growthAs the industry moves towards a scale-up phase,additional support will be required to maintain Australias forecast cost competitiveness,connect Australian supply to demand,and develop a skilled workforce53%of global steel production in 2050 is forecast to be green(30%)or lower emissio