Monthly Archives: July 2025

Shanghai, China – July 14, 2025 – Australian Prime Minister Anthony Albanese today addressed a pivotal roundtable in Shanghai, bringing together Australian iron ore miners and Chinese steelmakers to discuss the future of steel production and the critical role of "green steel" in global decarbonization efforts. Albanese emphasized that closer collaboration on green steel is essential for both nations to continue their decades-long economic relationship and achieve the goals of the Paris Agreement. The meeting underscored the profound interdependence of the Australian and Chinese economies in the iron ore and steel sectors. Australia is the world's largest iron ore producer, supplying almost 60% of China's iron ore imports, which in turn fuels over 50% of global steel supply. Decarbonization as an Opportunity: Prime Minister Albanese highlighted that the decarbonization of steel value chains, which currently account for 7-9%...