Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Galaxy Resources has placed an order with Swan Energy to install 15 large solar panels and two wind turbines generating a total 214 MWh/y of clean green energy at its lithium operation in Ravensthorpe. The company will be the first mine site in Australia to install the state-of-the-art solar generation tracking technology which will supplement its diesel power generation. Managing Director, Iggy Tan: “Our renewable energy installation will remove about 190 t/y of CO2 emissions from the mine site which is the equivalent of planting 19 ha of forest every year. (more…)