Australian Prime Minister Albanese posted on July 14: "In China, steel made from Australian iron ore can be seen everywhere, from buildings to bridges. It creates jobs and promotes the economic development of both countries. We hope to achieve sustainable development in the global steel industry while striving to reduce emissions. Today, I brought together the CEOs of Australian mining companies and Chinese steel manufacturing companies in Shanghai to discuss decarbonization. Through joint efforts, we can address global challenges and seize current opportunities."
Comments: From an economic perspective, Australian iron ore has contributed to China's infrastructure construction, and the Chinese market has provided a vast space for the development of Australian mining. This close industrial connection has created many jobs and driven the economic development of both countries. Australian mining companies supply nearly 60% of China's iron ore imports, and China's steel production accounts for more than 50% of the global supply. The two sides have already been deeply integrated in the steel industry chain.
At present, with the global emphasis on sustainable development, decarbonization of the steel industry is crucial, as its carbon emissions account for 7%-9% of the world's total. Achieving the goals of the Paris Agreement cannot be done without full-chain decarbonization. China-Australia cooperation in promoting steel decarbonization is in line with the trend of the times. Australia has great potential in building a green metal industry through renewable energy, while China has significant advantages in steel production technology and market scale. The cooperation between the two sides has natural complementarity and can accelerate the green transition of the steel industry.
Original article: https://www.toutiao.com/article/1837739784224900/
Statement: The article represents the views of the author himself.