Champion Iron Project Overview and Cost Structure
GOVERNMENTS SUPPORTING THE GREEN STEEL TRANSITION
COP28
UAE
CHAMPION IRON
TSX: CIA | ASX: CIA | OTCQX: CIAFF
LOCAL SUPPORT
Québec & Labrador and
Newfoundland listed high-purity
iron ore on their critical minerals
lists, joining other minerals such
as copper, nickel and cobalt
GLOBAL ALIGNMENT TO INCREASE DEMAND FOR GREEN STEEL
→ At COP28, several countries including Canada, Germany, UK and US, pledged to
procure green steel for public infrastructure construction, which is responsible
for 25% of global construction revenue
→ Europe's Carbon Border Adjustment Mechanism (CBAM), which initiated its first.
phase in 2023, aims to address carbon leakage for raw materials, including steel
→ USA, Canada, Australia and Latin America announced public consultations and
measures to introduce a mechanism similar to CBAM
Sources: United Nations Industrial Development Organization, World Trade Organization, US Congress, S&P Global, Platts, Hydro-Québec, Government of Newfoundland and Labrador, Wood Mackenzie, European Parliament, KPMG, www.Canada.ca
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