Insight
Iron ore energy transition outlook 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Steel CO2 emissions are projected to decline by 30% to 2050 in our base case, falling short of the contraction required to meet current climate goals. A more rapid and comprehensive decarbonisation will be required to meet, or even exceed, the 2 ˚C warming target. Accelerated carbon emissions reductions will be achieved through a combination of advancements in existing technologies, substantially lower hot metal production, improved scrap collection and use, and increased hydrogen-based DRI production. For iron ore, this means total demand will significantly decline below our base case by 2050 as scrap displaces hot metal production. But the energy transition also requires greater volumes of DRI, presenting a huge opportunity for suppliers of premium grade iron ores.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Perth metals briefing - market dynamics, outlook and geopolitical influence
During our Perth briefing we looked across commodities with a deeper dive into lithium, copper, gold and iron ore.
$1,050
Insight
Global gas industry in the Delayed Energy Transition scenario
The future of the gas and LNG market in the delayed energy transition scenario
$950
Insight
Corporate resilience to a tariff-induced downturn
Our Corporate and Mining experts discuss the implications of President Trump's tariff policy and the market reaction.
$1,050
