Rival mining giants said they would jointly investigate the development of a pilot project to decarbonise steelmaking that could be commissioned as early as 2027.
The metal is poised not just as a material of historical significance but as a pivotal element in driving forward the next phase of economic and technological progress.
A feasibility study produced for the project was filed in March 2023 outlining a construction period of three years at a cost of $1.16 billion to develop a mine with a 10-year life.