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Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require $1.4 trillion of investment and revolution across every stage of the value chain, Wood Mackenzie says. This presents an urgent challenge and enormous opportunity, Kallanish reads in the consultancy’s research report. The report points to the industrialised world’s reliance on steel, with 2.2 billion tonnes of production required to meet global…
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