Green steel to nowhere

Wednesday 19 November 2025

The ferrous jaws are still yawning wide.

In the news, that other African mine is now complete.

Algerian President Abdelmadjid Tebboune, during the Council of Ministers meeting he presided over on Sunday, ordered the launch of the exploitation of iron ore extracted from the Gara Djebilet mine starting in the first quarter of 2026. The presidency’s statement said this milestone will embody Algeria’s new policy emphasizing economic sovereignty and the diversification of resources beyond hydrocarbons.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.