I must to repost my answer to developbcI must repost my answer to developbc:
But I understand the situation in this way: PYR's technology offers to use electricity powered plasma torches instead of gas or oil for the iron ore palletization. The LKAB’s technology offers to use hydrogen instead of gas, oil, or coal (Sweden is rich with coal) for the pellets production. Since hydrogen is expensive these days, the PYR’s technology is preferred. But in 3-5 years from now, when hydrogen production expenses might decrease profoundly, the LKAB’s technology might become more valuable than the PYR’s one. I think that iron ore pellets producers are trying to solve the dilemma: to start with the PYR’s technology right now or wait 3-5 years and then use the LKAB’s technology. Probably, it is a reason of delays in signing contracts with PYR. As an investor in PYR since 2015 with more than 100K shares, I hope that the PYR’s technology will be the winner.
Read this carefully:
https://ca.finance.yahoo.com/news/using-world-first-green-steel-040043991.html I guess we should not be expecting a big torch contracts in the near future