RE:One reason
Great point, however I do believe that if the iron ore producers i.e. Vale, Rio Tinto, BHP want to achieve carbon nutrality as soon as possible despite their projections of 2030/2035 it will take a substantial amount of time to implement the torches. The infrastructure must be addressed, as well as the amount of time between ordering and receiving the torches, then installation/optimization. I imagine all these iron ore producers have the pedal to the metal to implement these changes as soon as possible, inspite of what their share price is doing.