LKAB’s new strategy sets out the path the company will take to achieve net-zero carbon emissions from its own processes and products by 2045, and to secure the company’s operations with expanded mining beyond 2060.
The new strategy is a response to developments in the global iron and steel industry, which is undergoing a technology shift, it said.
The strategy sets out three main tracks for the transformation:
A new standard for mining will be introduced
Direct-reduced iron (DRI, or sponge iron) will be produced using green hydrogen and will in time replace iron ore pellets, opening the way for a fossil-fuel-free...