Champion Iron Project Overview and Cost Structure
STEEL IS CRITICAL TO ENABLE DECARBONIZATION
CHAMPION IRON
TSX: CIA | ASX: CIA | OTCQX: CIAFF
→ Under the Accelerated Energy Transition (AET) of 1.5°˚C, over 3.5 billion additional tonnes of steel will be required
by 2050, representing over 50% of the total material used across infrastructure and related applications
GLOBAL VOLUME OF MATERIAL REQUIRED TO REACH AET 1.5 ACROSS SELECT ENERGY TRANSITION APPLICATIONS¹
(% VOLUME CONTRIBUTION)
100
80
60
40
40
20
0
費
Wind
Solar
Nuclear
Transmission & Distribution
Steel
Other Minerals/Metals
Energy
Storage (EV,
ESS, Other)
EV (Structural)
Total
Canada will need an additional 113Mt of steel by 2050 to reach net zero targets
Sources: Champion Iron Limited, Wood Mackenzie
Note: 1. Only includes other minerals/metals associated with this study. Structural EV = automotive frames/bodies. Volume estimates are subject to change based on intensity and technology assumptions which will change over time.
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