RE: Iron ore price rallies on China fundamentals14 Sep 2023 10:09
All looking good. Like i said yesterday UFO could be one of the best Recovery play for 2024.
There have been some interesting developments going on for use of Iron ore in batteries.
Is iron ore used in batteries?
As of 2022, iron ore was the most voluminously produced of the minerals that are used in the production of batteries, at 1.6 billion metric tons of iron content.30 Aug 2023.
Can iron replace lithium in batteries?
While the initial iron-air battery will be too large for cars, it could replace lithium-ion batteries for utility-scale storage at one-tenth of the cost and with a larger capacity.12 Jul 2023
First prototype of iron-air battery set to be launched in 2024.