Core Viewpoint - Fortescue Metals Group is advancing a green iron project that utilizes green hydrogen to reduce iron ore into green iron, emphasizing its commitment to decarbonization and aiming for net-zero carbon emissions by 2040, which is 10 to 20 years ahead of its competitors [1][2]. Group 1: Decarbonization Goals - Fortescue aims to achieve net-zero carbon emissions in its "Scope 3" by 2040, significantly ahead of other major mining companies [1]. - The company plans to invest $6.2 billion from 2024 to 2028 for projects related to decarbonization [1]. - The green iron project is expected to produce its first batch of products by early 2026, with an annual capacity planned at 1,500 tons [1]. Group 2: Financial Performance - For the fiscal year 2025, Fortescue reported iron ore shipments of 19.84 million tons and a net profit of $3.4 billion [2]. - The company is making substantial progress towards its decarbonization goals, including the operation of a 100 MW solar power plant that meets about 25% of the power needs at its Iron Bridge project [2]. - Fortescue plans to allocate $900 million to $1.2 billion for decarbonization capital expenditures in fiscal year 2026, focusing on green low-carbon technologies [2]. Group 3: Market Outlook - Fortescue anticipates iron ore shipments between 19.5 million and 20.5 million tons for fiscal year 2026 [3]. - Goldman Sachs has raised short-term price expectations for iron ore but predicts a decline to $80 per ton by the end of 2026 [3]. - The company believes that the supply-demand balance in the iron ore market will remain dynamic, with stable demand from China [3].

借助绿氢将铁矿石还原成绿色铁素，再通过电熔炉冶炼出铁含量超过80%的生铁，这是全球第四大矿企 福德士河目前正在推进的绿色铁素项目。 为何要绿色铁素？在近期与21世纪经济报道记者的对话中，福德士河高管团队再次强调，这是其脱碳计 划的重要一环。 记者注意到，与力拓、必和必拓、淡水河谷这三家铁矿石巨头相比，福德士河的脱碳目标更为"激进"： 该公司早前便宣布要在2040年实现"范围3"的净零碳排放，比其他矿企提前了10年至20年。为此，福德 士河宣布在2024年至2028年计划斥资62亿美元用于相关项目的建设。 今年8月，福德士河公布了2025财年（2024年6月30日至2025年6月30日）的财报。数据显示，该公司报 告期内铁矿石发运量为1.984亿吨，实现税后净利润34亿美元。 在这一财年里，福德士河称："公司正稳步迈向'真正零排放'脱碳目标，并取得了实质性进展。"具体成 果包括，其位于铁桥矿区北极星结合点的100兆瓦光伏发电场已投入运营，可满足该矿区约25%的电力 需求；皮尔巴拉能源输电项目已建成640多公里输电电缆及相关变电站，为构建该区域可再生能源电网 奠定了基石；电动挖掘机与钻机已在矿区投入运行。 "对于 ...

Core Viewpoint - Fortescue Metals Group is advancing its green iron project, which aims to reduce iron ore into green iron using green hydrogen, as part of its aggressive decarbonization strategy, targeting net-zero carbon emissions by 2040, ahead of its peers [2][4]. Group 1: Green Iron Project - The green iron project is set to begin construction in August 2024, with the first batch of products expected in early 2026, and aims for an annual production capacity of 1,500 tons [3]. - Fortescue's long-term goal is to supply 100 million tons of green iron to China annually, contributing to a reduction of 200 million tons of carbon emissions each year [3]. - The company plans to invest $6.2 billion from 2024 to 2028 for related projects, emphasizing the importance of commercial viability and long-term profitability [2][3]. Group 2: Decarbonization Goals - Fortescue aims to achieve "true zero emissions" and has made substantial progress, including the operation of a 100 MW solar power plant that meets 25% of the power needs at its Iron Bridge project [4]. - The company plans to allocate $900 million to $1.2 billion for decarbonization capital expenditures in the 2026 fiscal year, focusing on green low-carbon technologies and renewable energy infrastructure [4]. - Fortescue's CFO stated that the decarbonization process is also about creating a profitable business model [4]. Group 3: Iron Ore Production and Market Outlook - For the fiscal year 2025, Fortescue reported an iron ore shipment volume of 19.84 million tons and a net profit of $3.4 billion [3]. - The company projects an iron ore shipment volume of 19.5 million to 20.5 million tons for the 2026 fiscal year [4]. - Market expectations indicate a potential decline in iron ore prices by the end of next year, with Goldman Sachs predicting a drop to $80 per ton by 2026 [5][6].