Ebony opportunity for Strategic Minerals

Western Australia’s 2024-25 State Budget earmarks AU$373 million for port projects, aiming to enhance facilities from Broome to Esperance for increased trade.

Global iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.

Initial clients Mineral Resources and Pilbara Minerals commit to Lumsden Point, a key port expansion project enabling diverse trade and renewable growth.

Following rigorous testing over recent months, the new facilities have already been put to use with the first shipment of product last week.

Western Australia and East Asia shipping routes are high-potential candidates for establishing a green shipping corridor powered by zero or near-zero carbon ammonia.

Additional bulk shipments of non-magnetic (zircon), magnetic (ilmenite) concentrate and paramagnetic (leucoxene) products are scheduled over the coming weeks.